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Oil & Gas - Page 107

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

Pres. Buhari Loses $1.7bn case, As UK Court Rules In Favour Of American Firm, JP Morgan Chase

Nigeria loses it lawsuit against JP Morgan Chase Bank, after Judge Sara Cockerill, of the British High Court, ruled against the country on Tuesday, in the fraud case relating to the Malabu Oil scandal 11 years ago. The country had filed $1.7

June 14, 2022

Business News·Oil & Gas

Nigerians Spent N156.5 billion In Two Weeks On Petrol, Lagos Leads States

In two weeks, Nigerians consumed 966.58 million litres of petrol, which cost them about N156.58 billion, in May, according to the Nigerian National Petroleum Company (NNPC), with Lagosians spending the highest amongst state. According to data on NNPC Premium Motor Spirit (PMS)

June 13, 2022

Business News·Oil & Gas

Russia-Ukraine War: Buhari’s Gov’t Spends N947.51 billion On Fuel Subsidy In 4 Months

Nigeria spent N947.51 billion on petrol subsidy within the first four months of this year, as rising crude oil price eats into the revenue generation of the country, surging by 55.7%, to rise from $78.98 to $122.99 between January to April, amid

June 9, 2022

News·Oil & Gas

NCDMB Moves To Sanction Companies For Non-Compliance With HCD Guidelines

NCDMB stressed the importance of human capacity development initiatives in the oil and gas industry and urged companies to adhere to HCD guidelines

June 9, 2022

Business News·News·Oil & Gas

Savannah Energy’s Chad Oil Deal In ExxonMobil, PETRONAS Faces Uncertainty

Savannah Energy Plc is, at the moment, unable to progress her publicised acquisition of ExxonMobil and PETRONAS’ assets in Chad, even though it has not disclosed this to the market. Savannah Energy had indicated interest in the acquisition at a time other

June 9, 2022

Business News·Oil & Gas

Oil Price Falls, Put Nigeria’s Fuel Cost Above N300 Per Litre

Crude oil price opened trading on Monday at a loss, falling -0.72%, but it level is still a problem to the Nigerian government, which has been unable to profit from the 52% surge year-to-date, compared to other members of the Organisation of

June 6, 2022

Ganduje Sends N33.8bn Supplementary Budget To Assembly

News·Oil & Gas·Top Stories

201 Kano Residents Hospitalised In New Gas Explosion, Second In One Month

201 residents of the Sharada Quarters in Kano sustained different degrees of injury and are now receiving treatment in hospitals, following a new gas explosion in the city on Thursday, the second in one month. About 20 people were reported to have

June 5, 2022

Oil & Gas·Insights

Russia Oil Ban Hands Nigeria, Oil Thieves Opportunity To Increase Revenue

Ban on Russian oil from Europe has created an opening for oil thieves in Nigeria, Nigerian government and members of Organization of the Petroleum Exporting Countries (OPEC) and allies, OPEC+, to raise their oil revenue. European Union members had hit Russia’s production

June 2, 2022

Business News·Oil & Gas

Nigeria’s Oil Production Not Enough To Cover Petrol Import Costs – Finance Minister

Zainab Ahmed, minister of finance, budget and national planning, has disclosed that the country’s low oil production cannot cover the cost of imported petrol from its oil and gas revenue. Ahmed made this known in an interview with Reuters on the sideline of

May 29, 2022

I Never Asked Wabote To Increase NCDMB’s Budget By N30bn - Lokpobiri

News·Oil & Gas

NCDMB Applauds Temile’s Deal With Hyundai To Build New LPG Vessel

NCDMB has lauded the initiative of Temile Development Company, an indigenous shipping firm for signing a contract agreement with Hyundai Mipo Dockyard

May 26, 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 107

Uganda Targets First Pearl Sweet Crude Export in December

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

Pres. Buhari Loses $1.7bn case, As UK Court Rules In Favour Of American Firm, JP Morgan Chase

Nigerians Spent N156.5 billion In Two Weeks On Petrol, Lagos Leads States

Russia-Ukraine War: Buhari’s Gov’t Spends N947.51 billion On Fuel Subsidy In 4 Months

NCDMB Moves To Sanction Companies For Non-Compliance With HCD Guidelines

Savannah Energy’s Chad Oil Deal In ExxonMobil, PETRONAS Faces Uncertainty

Oil Price Falls, Put Nigeria’s Fuel Cost Above N300 Per Litre

201 Kano Residents Hospitalised In New Gas Explosion, Second In One Month

Russia Oil Ban Hands Nigeria, Oil Thieves Opportunity To Increase Revenue

Nigeria’s Oil Production Not Enough To Cover Petrol Import Costs – Finance Minister

NCDMB Applauds Temile’s Deal With Hyundai To Build New LPG Vessel

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

Broken System, Broken Lives – Tinubu’s Toxic Legacy

Two Group Chats, One Nigeria: Gen Z Pays The Bills, Boomers Write The Laws

Deliver Votes or Be Sacked: The New Politics in Ebonyi

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Oil & Gas - Page 107

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