Nigeria to hit 3mbpd of crude output by 2030 — NUPRC
Nigeria remains on course to achieve its target of producing three million barrels of crude oil per day by 2030, with ongoing…
Oil and Gas
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Brent crude price nears $91/barrel amid Middle East tensions
Oil scaled back gains after hitting its highest price in a month on Monday as Iran said diplomatic exchanges with the United…
ECOWAS leaders sign Nigeria-Morocco gas pipeline agreement
West African leaders on Sunday signed an agreement approving the construction of a gas pipeline linking Nigeria to Morocco at a summit…
Marketers halt fuel purchases as ex-depot price hits ₦1,220/litre
Some fuel marketers in the country have suspended the purchase of fresh petrol as ex-depot price hits N1,220 at depots in Lagos.…
Nigeria loses 3,100GWh to gas flaring in May — Report
There are indications that the Federal Government’s ambition to transform Nigeria into a gas-driven economy by 2030 is facing significant challenges, as…
Oil prices surge Tuesday after fresh US strikes on Iran
Oil prices jumped again on Tuesday after fresh United States strikes against Iran that marked a new escalation in hostilities that has…
Dangote Refinery dumps naira, fixes petrol price at $0.779/litre
Dangote Petroleum Refinery has fixed the ex-depot price of Premium Motor Spirit, petrol, at $0.779 per litre, unveiling a new pricing template…
Dangote offers ₦500,000 reward to curb illegal haulage
Dangote Industries Limited has launched a public whistleblowing initiative offering a cash reward of N500,000. The reward is for individuals who provide…
Nigeria’s oil output hits 1.56 million barrels in June
Nigeria’s crude oil production rose to an average of 1.56 million barrels per day in June 2026. This exceeded the country’s quota…
Diesel prices surge across Lagos, Port Harcourt, Warri depots
Diesel prices, known officially as Automotive Gas Oil have recorded significant increases in Lagos, Port Harcourt and Warri. This rise contrasts with…
Dangote Refinery cuts petrol price by ₦1 as brent crude surges
Dangote Petroleum Refinery on Wednesday reduced its ex-depot price of Premium Motor Spirit, known as petrol, by N1 per litre. The price…
Dangote Refinery, marketers cut petrol, diesel depot prices
Nigeria’s downstream petroleum market witnessed another round of price reductions on Monday, with the Dangote Petroleum Refinery and several major fuel marketers…