NNPCL raises petrol price to ₦1,345/litre in Abuja
The Nigerian National Petroleum Company Limited has increased the pump price of Premium Motor Spirit, popularly known as petrol, from N1,270 to…
Oil and Gas
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CPPE warns rising PMS imports threaten local refining
The Centre for the Promotion of Public Enterprise has called for a decisive shift from chronic import dependence to a competitive domestic…
Dangote Refinery defends hike as petrol price hits ₦1,400/litre
The Dangote Petroleum Refinery has defended its latest fuel price increases, attributing the upward adjustments to the cost of crude oil purchased…
Petrol price rises 9% despite falling crude oil price
Despite a five per cent drop in crude oil prices to $87.31 per barrel from $92, the domestic price of Premium Motor…
Petrol price rises over ₦1,200/litre despite drop in crude price
Despite drop in price of crude in the global oil market, operators in Nigeria’s downstream sector have increased the prices of Premium…
Oil prices extend decline as Gulf conflict fears ease
Oil prices extended their decline on Wednesday as concerns over a potential military conflict in the Gulf eased, while traders weighed the…
19 oil licences set to expire this year — NUPRC
No fewer than 19 oil licences in Nigeria’s upstream sector have stated expiry dates falling within 2026, according to the Nigerian Upstream…
Dangote Refinery raises petrol gantry price to ₦1,200/litre
Dangote Petroleum Refinery and Petrochemicals FZE has increased the gantry price of Premium Motor Spirit (petrol) from N1,185 to N1,200 per litre,…
Rising rig activity fails to lift Nigeria’s crude oil production
Nigeria’s increasing deployment of oil rigs has failed to translate into a corresponding and sustained improvement in crude oil production, raising concerns…
Dangote Refinery extends free product delivery to four more states
The Dangote Petroleum Refinery and Petrochemicals has expanded its free petroleum product delivery initiative to Kano, Imo, Anambra and Nasarawa States. The…
Dangote offers East Africa 30% stake in refinery
Aliko Dangote has offered East African countries a combined 30 per cent equity stake in his proposed oil refinery in Kenya, potentially…
UAE oil giant vessel attacked in Strait of Hormuz
The United Arab Emirates’ state-owned oil giant ADNOC said Saturday one of its vessels came under attack in the Hormuz strait, the…