Category: Oil and Gas

Nigeria misses oil tax revenue target by ₦17.4tn

Nigeria’s petroleum profit and gas tax revenue recorded a shortfall of N17.4 trillion against its...

Dangote Refinery hits 700,000 bpd processing capacity

Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels...

Cooking gas prices surge despite rising local production — Report

The price of Liquefied Petroleum Gas, commonly known as cooking gas, has continued to increase...

NNPCL revenue jumps 79% to ₦4.97tn

The Nigerian National Petroleum Company Limited recorded a 79.23 per cent increase in revenue in...

Nigeria’s crude petroleum records 16.37% growth in Q1 2026 — NBS

Nigeria’s crude petroleum sector grew by 16.37 per cent year-on-year in nominal terms in the...

Dangote Refinery slashes petrol gantry price by ₦25 to ₦1,250/litre

The Dangote Petroleum Refinery has reduced its petrol gantry price by N25 per litre, lowering...

Dangote Refinery emerges top global jet fuel exporter in April

Dangote Refinery topped global jet fuel exports in April driven by output growth and Middle...

Oil prices jump after US hit Iran military targets

Oil prices have jumped after the United States carried out new attacks on Iran, targeting...

Dangote Refinery cannot supply Nigeria’s fuel demands, NNPCL tells court

The Nigerian National Petroleum Company Limited has said that Dangote Petroleum Refinery cannot yet prove...

Chinese firms to gain 51% stake in PH, Warri refineries

The Nigerian National Petroleum Company Limited is considering an NLNG-style equity partnership that could hand...

Iran threatens tariffs on Strait of Hormuz internet cables

Iran has threatened to impose tariffs on Strait of Hormuz submarine cables, which are crucial...

Nigeria’s oil exploration dropped sharply in April — OPEC

Nigeria’s oil exploration and drilling activities declined by 41.7 per cent in April 2026, following...