Seplat Energy gains 20% as bullish momentum returns in October
Seplat Energy’s stock experienced a remarkable gain of over 20% in the first week of October, buoyed by renewed bullish momentum that…
Oil and Gas
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African oil-producing nations secure 45% funding for $5bn Energy bank
African oil-producing nations are set to launch a $5 billion energy bank in Abuja next year, having already secured 45% of the…
Crude-for-loans: NNPCL allocates 8m barrels monthly for $8.8bn debt
The Nigerian National Petroleum Company Limited has committed to delivering 272,500 barrels of crude oil per day through various crude-for-loan agreements worth…
Oil prices surge over $1 amid escalating Middle-East tensions
Oil prices surged over a dollar in early trading today amid rising concerns about potential disruptions to crude production due to escalating…
Direct lifting of product from Dangote will crush pricing – Oil marketers
Oil marketers have assured Nigerians of a potential decline in the prices of Premium Motor Spirit or petrol as they prepare to…
Refinery: Dangote calls NNPC’s withdrawal from 20% stake a ‘Big mistake’
The Chief Executive Officer of the Dangote Refinery, Aliko Dangote has criticized the Nigerian National Petroleum Company’s decision to back out of…
FG mandates private employers adheres to N70,000 minimum wage
The Federal Government has mandated that agencies recruiting for the private sector adhere to the N70,000 minimum wage, warning that any deviations…
Gas suppliers demand resolution of multiple taxation Issues
The National Oil and Gas Suppliers Association of Nigeria has urged the Federal Government to tackle the issue of multiple taxation, which…
NIPCO, NGML launch power projects in Lagos
NIPCO Gas, in partnership with Nigerian National Petroleum Company Gas Marketing Limited has launched the Lekki Gas Distribution Project and the Lekki…
FG vows to tackle rising cost of cooking gas
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has said that the Federal Government will take all necessary measures to…
NNPCL postpones Port Harcourt refinery start date
The Port Harcourt Refining Company, a refinery managed by the Nigerian National Petroleum Company Limited, has now again failed to start operations…
Nigeria’s crude oil production hits 1.3m bpd in July – OPEC
Nigeria’s crude oil production in July increased to 1.307 million barrels per day, according to the Organisation of Petroleum Exporting Countries’ monthly…