FG orders oil firms to fast-track projects, increase production
The Federal Government has called on oil companies operating in Nigeria to fast-track project sanctions and ramp up field development, insisting that…
Oil and Gas
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FG launches $100m equity fund for oil and gas firms
The Federal Government has launched a $100 million equity investment scheme aimed at boosting the capacity of Nigerian companies operating in the…
FG unveils 50 oil blocks, targets $10bn investment
The Federal Government has announced the immediate opening of bids for 50 oil and gas blocks, a move projected to attract $10…
Why Nigeria doesn’t need to import petrol — Dangote
President/Chief Executive of Dangote Industries Limited, Aliko Dangote, has criticised the crude supply practices of international oil companies, insisting that Nigeria has…
Nigeria still dependent on imports despite Dangote Refinery — NMDPRA
Fuel security slowed in October as the Dangote Petroleum Refinery supplied only an average of 17.1 million litres per day of the…
TotalEnergies sells 40% stake in offshore licenses to Chevron
TotalEnergies EP Nigeria has agreed to sell a 40 per cent stake in two exploration licenses located offshore Nigeria to Chevron Corp.…
Yuletide: Dangote Refinery to supply 50m litres of petrol daily
Beginning today, Monday, December 1, 2025, Dangote Petroleum Refinery will supply 50 million litres of petrol per day into the Nigerian market.…
NNPCL’s revenue hits N5.08tr in October
The Nigerian National Petroleum Company Limited reported a significant surge in revenue for October 2025, reaching N5.08 trillion. This figure marks a…
OPEC+ to ratify 2026 production pause in Sunday meeting
Delegates report that OPEC+ is expected to formally ratify its existing plan to pause oil production increases in early 2026 during its…
Reps demand details on EFCC crude oil seizures
The House of Representatives’ Ad-hoc Committee on the Implementation and Oversight of the Naira-for-Crude-Oil Policy has demanded that the Economic and Financial…
FG endorses local modular refinery project in Delta
The Federal Government has endorsed the Ebenco Global Link Limited modular refinery project in Koko, Delta State. The government described the project…
NNPCL declares N5.4tr profit
The Nigerian National Petroleum Company Limited has declared a profit after tax of N5.4 trillion for the 2024 financial year, a growth…