Petrol price hit ₦1,288.54/litre in March — NBS
The National Bureau of Statistics says the average retail price of a litre of petrol witnessed an increase from N1,051.47 in February…
Oil and Gas
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Dangote Refinery subsidises petrol, diesel for Nigerians, official reveals
A senior management official of the Dangote Group on Monday revealed that the Dangote Petroleum Refinery has been subsidising the petrol and…
Oil prices climb as US-Iran peace talks stall again
Oil prices rose on Monday while stocks were mixed, with the United States and Iran no closer to ending their eight-week-old war…
NUPENG laments job losses, warns against suppressing workers’ rights
The Nigeria Union of Petroleum and Natural Gas Workers has raised serious concerns over escalating job losses and what it described as…
China denies US claim over seized Iran-bound vessel
China on Wednesday firmly denied claims that a vessel intercepted by the United States was carrying a “gift” from Beijing to Iran,…
Ukraine resumes Russian oil transit after pipeline repairs
Ukraine is set to resume the shipment of Russian oil to Hungary and Slovakia within hours on Wednesday after completing repairs to…
Crude oil surge boosts Nigeria’s revenue by $4 billion
Nigeria and oil companies operating in the country have reportedly earned about four billion dollars from the surge in crude oil prices…
NNPCL boosts Dangote refinery with 1.03 million tonnes of crude
Crude oil supply from the Nigerian National Petroleum Company Limited’s trading arm recorded a sharp increase in April 2026, as shipment data…
Tankers turn back as Hormuz crisis deepens shipping chaos
Traffic once again seized up in the Strait of Hormuz as both Tehran and Washington imposed separate blockades, with Iranian vessels continuing…
Oil prices drop as Iran declares Strait of Hormuz ‘completely open’
Oil prices plunged Friday after Iran’s Foreign Minister Abbas Araghchi said the vital Strait of Hormuz was “completely open” for commercial tankers…
NUPRC reports 4.2% rise in March oil output
The Nigerian Upstream Petroleum Regulatory Commission on Wednesday said that Nigeria’s oil production rose by 4.2 per cent to 1.546 million barrels…
Dangote plans historic Pan-African IPO for oil refinery
President of Dangote Industries Limited, Aliko Dangote, is planning a landmark cross-border public offering of his $20bn oil refinery in a move…