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Oil & Gas - Page 102

Oil Production: Nigeria Again Exceeds OPEC Quota In 2025

Uganda Targets First Pearl Sweet Crude Export in December

September 10, 2026

Uganda expects its first shipment of Pearl Sweet crude to load in December, marking the start of commercial oil exports as production from its Kingfisher and Tilenga fields ramps up towards as

I’m Ready To Lose Money To Give Nigerians Cheap Fuel – Dangote

Africa·News·Oil & Gas·Top Stories

Dangote Opens $1.6 Billion Refinery IPO, Sets Minimum Investment at N5,250

September 7, 2026

Nigerian billionaire Aliko Dangote on Monday, Sept. 7, signed documents for an initial public offering of Dangote Petroleum Refinery and Petrochemicals, seeking to raise about 2.15 trillion naira ($1.63 billion) to finance

NNPCL Denies Inflating Fuel Subsidy Payments

Business News·Oil & Gas

NNPC Reveals Why Nigeria Loses $150 million Every Day, Defends Low Earnings

Over $150 million is lost daily by the country according to the Chief Financial Officer (CFO) of the Nigerian National Petroleum Corporation (NNPC) Limited, Umar Ajiya. Pipeline vandalism and sideline production have been preventing the Nigerian oil industry from performing optimally, resulting

October 6, 2022

Nigerians Groan As NNPCL Again Increases Pump Price of Petrol

Business News·Oil & Gas

Mele Kyari Reacts, As NNPC Limited Records N674 billion Profit In 12 Months

Over N674 billion has been declared as profit after tax for 2021 by the Nigerian National Petroleum Corporation (NNPC) Limited, which recently acquired Oando retail business, OVH Energy Marketing. The net profit rose by 134.8 per cent year-on-year growth from N287 billion

October 4, 2022

EU Approves New Round Of Sanctions Against Russia As Ukraine’s Invasion Anniversary Nears

Oil & Gas·News

Gas leaks From Russia’s Major Pipes Raise Concerns Of Sabotage, Harsh Winter In Europe

Leaks from Nord stream 1 and 2, the major gas pipelines from Russia to Europe has prompted questions and investigations of sabotage from European countries like Germany, Denmark, Poland and Sweden while Ukraine says it is an act of aggression by Russia

September 27, 2022

NCDMB, BOI Launch $50m Fund For Oil Industry Manufacturing

Oil & Gas

Local Content: NCDMB Targets $14bn Return On Oil & Gas Industry Spend By 2027

In its quest to create jobs and boost the national economy through the implementation of the Local Content Law, the Nigerian Content Development and Monitoring Board (NCDMB) said it targets retaining $14 billion of the total annual spending in the oil and

September 27, 2022

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Business News·Oil & Gas

Nigeria Loses N877 billion, As It Struggles To Meet Crude Oil Production Target

The Executive Commissioner, Corporate Services and Administration of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Jide Adeola, said that Nigeria doesn’t meet its daily production target. According to Adeola, the country has a 1.8 million barrels production target, however, it produces 1.23 million

September 22, 2022

Business News·Insights·Oil & Gas

Five Ways Angola, Libya Taking Over Africa’s Biggest Oil Producer List Affects Nigeria

Nigeria has lost its position as the biggest crude oil producer in Africa, with Angola and Libya taking over, as the Federal Government struggle against oil vandalism and crude oil theft in the country. In an Oil Market Report released by Organisation

September 14, 2022

Fear Of Price Hike Forces NNPC To Increase Supply To Oil Marketers

Business News·Oil & Gas

Petrol To Sell For N462 Per Litre, NNPC Reveals

The cost of petrol could rise to N462 per litre without subsidy, the Group General Manager, Group Public Affairs Division, Nigerian National Petroleum Company (NNPC) Limited, Garba Muhammad, revealed. Currently, the federal government pays N297 per litre for 68 million litres of

September 5, 2022

Business News·Oil & Gas

Dangote Refinery Has Right Of First Refusal To Nigeria’s Crude Oil – NNPC

The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, said the corporation held the right to sell crude to Dangote Refinery, owned by billionaire, Aliko Dangote. Kyari explained on Tuesday, that in the agreement signed with

August 31, 2022

Business News·Oil & Gas

NNPC Boss, Mele Kyari, Says Churches, Mosques Involved In Crude Oil Theft

Religious leaders in Nigeria have been accused by the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, of aiding oil pipeline vandalism. Kyari said there’s a network of vandals operating against oil companies, as well as

August 31, 2022

Business News·Oil & Gas

Five Reasons NNPC Lost $1.06 billion Oil Revenue In One Month

The Nigerian National Petroleum Company (NNPC) Limited lost $1.068 billion oil revenue in one month as the corporation struggles to curb crude oil loss, preventing the firm from remitting into the federal account. NNPC’s loss was as a result of the 9.4

August 25, 2022

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UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

On Thursday, the official foreign exchange (FX) rate for the

How Investments In Nigerian Pharmaceutical Shares Performed In Q1 2026

Q1 2026: Four Pharma Stocks Reward Investors, One Bleeds N14.8bn

Only one of five pharmaceutical firms listed on the Nigerian

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Oil & Gas - Page 102

Uganda Targets First Pearl Sweet Crude Export in December

Dangote Opens $1.6 Billion Refinery IPO, Sets Minimum Investment at N5,250

NNPC Reveals Why Nigeria Loses $150 million Every Day, Defends Low Earnings

Mele Kyari Reacts, As NNPC Limited Records N674 billion Profit In 12 Months

Gas leaks From Russia’s Major Pipes Raise Concerns Of Sabotage, Harsh Winter In Europe

Local Content: NCDMB Targets $14bn Return On Oil & Gas Industry Spend By 2027

Nigeria Loses N877 billion, As It Struggles To Meet Crude Oil Production Target

Five Ways Angola, Libya Taking Over Africa’s Biggest Oil Producer List Affects Nigeria

Petrol To Sell For N462 Per Litre, NNPC Reveals

Dangote Refinery Has Right Of First Refusal To Nigeria’s Crude Oil – NNPC

NNPC Boss, Mele Kyari, Says Churches, Mosques Involved In Crude Oil Theft

Five Reasons NNPC Lost $1.06 billion Oil Revenue In One Month

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