Category: Oil and Gas

Govs endorse Tinubu’s direct oil revenue remittance to FAAC

The 36 state governors, under the aegis of the Nigeria Governors’ Forum, have thrown their...

FG begins direct oil revenue remittance to FAAC

The Federal Government has begun implementing Executive Order 9 of 2026, requiring the direct remittance...

BREAKING: Dangote refinery raises petrol price to ₦875/litre amid crude surge

The Dangote Petroleum Refinery has raised its Premium Motor Spirit gantry price by N101 per...

Oil prices surge as US‑Iran conflict shakes global energy markets

Oil prices surged sharply after fresh United States and Israeli strikes on Iran, as markets...

Experts warn of petrol price surge amid US-Iran war

Energy experts and downstream operators have warned that Nigeria may witness a fresh increase in...

OPEC+ to boost oil output by 206,000 bpd in April

OPEC+ decided on Sunday to increase oil production by 206,000 barrels per day starting in...

Tinubu signals major overhaul of PIA with oil revenue order

President Bola Tinubu has signalled a broader overhaul of Nigeria’s petroleum governance framework following his...

NISO starts load shedding over severe gas supply constraints

The Nigerian Independent System Operator has begun implementing load shedding across the country. This follows...

Oil prices dip as US-Iran talks extend, OPEC+ eyes hike

Oil prices dipped on Friday, heading for a weekly decline as the United States and...

NNPCL pledges gas supply to Portland mini-LNG project in Abuja

The Nigerian National Petroleum Company Limited has expressed support for a Mini-LNG and LCNG project...

NUPRC sets Friday deadline for 2025 oil licensing pre-qualification

The Nigerian Upstream Petroleum Regulatory Commission has announced that registration and submission of applications for...

Tinubu’s order stops NNPCL’s ₦2.1tn four-year deductions

President Bola Tinubu’s executive order has halted deductions by the Nigerian National Petroleum Company Limited...