Category: Oil and Gas

NNPCL subsidiary hits 355,000 bpd, highest output since 1989

NNPC Limited on Tuesday disclosed that oil production by its upstream subsidiary, NNPC E&P Limited,...

Diesel price surges by 9.45% to N1,398/litre

The average retail price of diesel (Automotive Gas Oil) rose in October 2025, climbing by...

Nigeria’s oil output to hit 1.73mbpd in 2026 — Report

BMI, a Fitch Solutions company, has projected that Nigeria’s oil production is expected to record...

FEC sets 2026 oil benchmark at $64, ₦1,512/$ exchange rate

The Federal Executive Council has given its approval to the 2026–2028 Medium-Term Expenditure Framework. This...

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...

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...

FG unveils 50 oil blocks, targets $10bn investment

The Federal Government has announced the immediate opening of bids for 50 oil and gas...

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...

Nigeria still dependent on imports despite Dangote Refinery — NMDPRA

Fuel security slowed in October as the Dangote Petroleum Refinery supplied only an average of...

TotalEnergies sells 40% stake in offshore licenses to Chevron

TotalEnergies EP Nigeria has agreed to sell a 40 per cent stake in two exploration...

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...

NNPCL’s revenue hits N5.08tr in October

The Nigerian National Petroleum Company Limited reported a significant surge in revenue for October 2025,...