Nigeria targets 10bn SCF gas production daily by 2030
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed the country’s commitment to producing ten billion Standard…
Oil and Gas
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FG denies removing CNG subsidy amid price hike
The Federal government through the Presidential Initiative on Compressed Natural Gas has refuted a report of subsidy removal and an increased price…
PCNGI clarifies role in CNG price hike
The Presidential Compressed Natural Gas Initiative has clarified recent media reports regarding the price of Compressed Natural Gas in Nigeria. According to…
CNG price jumps to N450/SCM amid long queues
The cost of one standard cubic metre of Compressed Natural Gas has jumped from N230 to N450, amid long queues and insufficient…
Crude oil gains ahead of key OPEC+ talks
Oil edged higher as traders awaited new factors to push prices beyond a relatively narrow range, focusing on an upcoming OPEC+ meeting…
Nigeria’s daily gas production rises by 8.58% in July
Nigeria’s energy sector recorded an 8.58 per cent increase in daily gas production, which rose to 7.59 billion standard cubic feet per…
PENGASSAN urges FG to divest majority stake in state-owned refineries
The Petroleum and Natural Gas Senior Staff Association of Nigeria has urged the federal government to sell its controlling shares in state-owned…
FG, NNPCL eyes $4.5bn savings in oil, gas operations
The Federal Government, through the Nigerian National Petroleum Company Limited, is implementing aggressive measures to save the oil and gas sector between…
Fix port Harcourt refinery or resign, IPMAN tells Ojulari
The Independent Petroleum Marketers Association of Nigeria has called on the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited,…
NMDPRA approves interim gas transportation tariff for NNPCL subsidiary
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has granted approval for an interim transportation tariff to the NNPC Gas Infrastructure Company…
Africa’s 70% fuel import reliance threatens energy security
The African Refiners and Distributors Association has warned that Africa’s heavy reliance on imported petroleum products—currently as high as 70 per cent…
Nigeria produced 1.372tn SCF of gas in H1 2025 – NUPRC
Nigeria produced a total of 1.372 trillion Standard Cubic Feet of natural gas between January and June 2025, marking a notable increase…