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Oil & Gas - Page 104

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

Business News·Oil & Gas

Seplat Energy To Operate New Export Route After Revenue Loss To Vandalism

Seplat Energy has commenced transportation of crude through the new Amukpe-Escravos pipeline in Niger Delta, as the oil and gas company looks to reduce it dependence on Trans Forcados System. The firm had previously been using the Trans Forcados System as route

August 2, 2022

Business News·Oil & Gas

Seplat Founder, Austin Avuru, Suffers Setback In Tell-all Book Launch

The former chief executive of Seplat Energy, Austin Avuru, has experienced a setback in his tell-all book set for release on August, after the Federal Capital Territory High Court in Bwari, shutdown the launch. Avuru had authored the book titled; “My Entrepreneurship

July 28, 2022

Business News·Oil & Gas

Number Of NNPC Limited Staff To Be Sacked Revealed After President Buhari’s Unveiling

The Group Managing Director of Nigeria National Petroleum Company (NNPC) Limited, Mele Kyari, has concluded plans to sack 500 workers, one week after the corporation officially launch its private brand. NNPC Limited sent a email to the affected workers, giving them till

July 25, 2022

Business News·Oil & Gas

FG To Stop Funding NNPC Limited, As Pres. Buhari Reveals New Brand, Direction

The Nigerian National Petroleum Company (NNPC) Limited has officially been unveiled by President Muhammadu Buhari, as the era of the Nigerian National Petroleum Corporation comes to an end. President Buhari said the new NNPC Limited will be self-financed, without funding from the

July 19, 2022

Business News·Oil & Gas

Oando, MRS Increases Fuel Price, Risk Losing Operational License Amid Gov’t Threat

Oando, MRS, and some filling stations have began selling Premium Motor Sprirt (PMS) above N165, three weeks after the Federal Government threatened to revoke license of firms that hike fuel price. Prime Business Africa had reported last week that the Nigerian National

July 18, 2022

Business News·Oil & Gas

Nigeria Loses Largest African Oil Producer Status To Angola, As OPEC Reveals Country’s Problem

Nigeria has yet again lost its position as the largest oil producer in Africa, after producing less crude compared to Angola in June. This is the second months the country will fall behind, with May being the first. Oil companies in Nigeria

July 13, 2022

Business News·Oil & Gas

Nigerian Gov’t Stops Seplat Energy, ExxonMobil’s $1.28 billion Oil Deal

Seplat Energy Plc’s plan to acquire ExxonMobil’s shallow water business in Nigeria, Mobil Producing Nigeria Unlimited (MPNU), has hit the rock following a lawsuit filed by the Nigerian National Petroleum Company (NNPC) Limited. The domestic oil and gas company had announced in

July 12, 2022

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

Business News·Oil & Gas

NNPC Increases Fuel Price In Own Filling Stations Amid Scarcity In Other Private Stations

The Nigerian National Petroleum Company (NNPC) Limited has increased price for premium motor spirit (PMS) at its filling stations amid fuel scarcity. Prime Business Africa gathered that NNPC retail stations hiked fuel pump by N10 on Sunday, with motorists and individuals buying

July 11, 2022

Business News·Oil & Gas

Oando Boss, Wale Tinubu, Says Business Suffering From Oil Theft, Reveal Losses

The Group Chief Executive Officer of Oando Plc, Wale Tinubu, said Nigeria’s Gross Domestic Product (GDP) is at risk of losing millions due to the crude oil barrels pumped by oil companies that are lost to sabotage and theft. Tinubu said the

July 7, 2022

Business News·Oil & Gas

Oil And Gas Industry Is Under Siege – Last Speech Of Late OPEC Sec-Gen, Mohammad Barkindo

The oil and gas industry was hit with a shock following reports that Organisation of the Petroleum Exporting Countries (OPEC) Secretary-General, Mohammad Barkindo, passed away suddenly. Barkindo’s death came hours after he granted a speech at the Nigerian Oil and Gas (NOG)

July 7, 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 104

Uganda Targets First Pearl Sweet Crude Export in December

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

Seplat Energy To Operate New Export Route After Revenue Loss To Vandalism

Seplat Founder, Austin Avuru, Suffers Setback In Tell-all Book Launch

Number Of NNPC Limited Staff To Be Sacked Revealed After President Buhari’s Unveiling

FG To Stop Funding NNPC Limited, As Pres. Buhari Reveals New Brand, Direction

Oando, MRS Increases Fuel Price, Risk Losing Operational License Amid Gov’t Threat

Nigeria Loses Largest African Oil Producer Status To Angola, As OPEC Reveals Country’s Problem

Nigerian Gov’t Stops Seplat Energy, ExxonMobil’s $1.28 billion Oil Deal

NNPC Increases Fuel Price In Own Filling Stations Amid Scarcity In Other Private Stations

Oando Boss, Wale Tinubu, Says Business Suffering From Oil Theft, Reveal Losses

Oil And Gas Industry Is Under Siege – Last Speech Of Late OPEC Sec-Gen, Mohammad Barkindo

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