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Oil & Gas - Page 105

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

News·Oil & Gas

PIA Targets Daily Increase Of Nigeria’s Oil & Gas Production – NUPRC

One of the goals for drafting the Petroleum Industry Act (PIA) signed into law in 2021 was to increase daily production of oil and gas in Nigeria to meet energy needs and export,

July 6, 2022

Business News·Oil & Gas

Crude Oil Falls Below $100, As American Firm Projects New Low

Brent crude oil fell on Wednesday below $100 after trading above the level since April last year. The depreciation in its price was driven by projected global recession in light of soaring inflation. The commodity dip to $99.78 per barrel after concerns

July 6, 2022

Business News·Oil & Gas

NNPC’s Kyari, CBN’s Emefiele Accused Of Frustrating Fuel Subsidy Investigation

The House of Representatives Speaker, Femi Gbajabiamila, criticised Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, and three others for failing to appear before the lawmakers. Nigeria’s green chamber had summoned Kyari, Minister of State for Petroleum, Timipre

July 6, 2022

Business News·Oil & Gas

Crude Oil Price To Hit $45, As US Firms, Citigroup, Goldman Sachs Disagree Over Cost

American banks are divided over the future price of crude oil, as Citigroup and Goldman Sachs issue opposing forecast regarding the commodity that has skyrocketed to $102.9 per barrel globally. Since trading reopened after the global lockdown induced by COVID-19, crude oil

July 5, 2022

Business News·Oil & Gas

Lai Mohammed Reveals Why Buhari Can No Longer Remove Fuel Subsidy

The Nigerian government has revealed why the removal of petrol is impossible at this period, while also disclosing the routes oil thieves are using to steal millions of barrels produced by the country. According to the Minister of Information and Culture, Lai

July 5, 2022

News·Oil & Gas

Eroton Blames Oil Spill On Vandals

The spokesperson explained that during Joint Investigative Visits (JIV) conducted by the company, it was found that the entire valves on the Christmas Tree, wellhead accessories such as the control valves, tree caps, etc. were removed.

July 2, 2022

News·Oil & Gas

NCDMB Partners Shell, Exxon Mobil, Agip In Oil & Gas Parks – Wabote

development of the Nigerian Oil and Gas Parks Scheme

July 1, 2022

Business News·News·Oil & Gas·Top Stories

NNPC Accused Of Diverting N4.2 trillion, Inflating Fuel Consumption Figure By 50 million Litres

The Nigerian National Petroleum Corporation (NNPC) has been accused by the House of Representatives member, Sergius Ose-Ogun, of using the subsidy regime to divert about $10 billion. $10 billion, going by the official exchange rate as of June 30, 2022, would equal

June 30, 2022

Business News·Oil & Gas

NNPC Boss Reveals Number Of Illegal Refineries Operating In Nigeria After N434 billion Loss

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Limited, Mele Kyari, has revealed over 100 illegal refineries are being operated in Nigeria, as the country continues to lose billions to oil theft. Kyari made the staggering revelation during his

June 29, 2022

Business News·Oil & Gas

FG Sends Agencies To Shutdown Filling Stations Selling Petrol Above N165

Filling stations selling Premium Motor Spirit (PMS) above N165 will lose their license of operation, the Nigerian government, as its agencies commence joint inspection of retailers in Abuja. The threat followed statement of the Independent Petroleum Marketers Association of Nigeria (IPMAN) regarding

June 28, 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 105

Uganda Targets First Pearl Sweet Crude Export in December

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

PIA Targets Daily Increase Of Nigeria’s Oil & Gas Production – NUPRC

Crude Oil Falls Below $100, As American Firm Projects New Low

NNPC’s Kyari, CBN’s Emefiele Accused Of Frustrating Fuel Subsidy Investigation

Crude Oil Price To Hit $45, As US Firms, Citigroup, Goldman Sachs Disagree Over Cost

Lai Mohammed Reveals Why Buhari Can No Longer Remove Fuel Subsidy

Eroton Blames Oil Spill On Vandals

NCDMB Partners Shell, Exxon Mobil, Agip In Oil & Gas Parks – Wabote

NNPC Accused Of Diverting N4.2 trillion, Inflating Fuel Consumption Figure By 50 million Litres

NNPC Boss Reveals Number Of Illegal Refineries Operating In Nigeria After N434 billion Loss

FG Sends Agencies To Shutdown Filling Stations Selling Petrol Above N165

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