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Oil & Gas - Page 11

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

President Tinubu has nominated new chief executives for Nigeria’s petroleum regulatory agencies following the resignation of the heads of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), developments that come amid intense controversy

December 18, 2025

Business·News·Oil & Gas

Dangote Pledges PMS Price Stability Despite Global Crude Oil Price Fluctuations

Dangote Refinery has pledged its commitment to ensuring stability in the price of Premium Motor Spirit (PMS), also known as petrol, in Nigeria despite fluctuations in prices of crude oil in the international market. In a statement released on Monday, signed by

May 20, 2025

News·Oil & Gas

Why Tinubu Approved Licences For Oil Exploration In Northern Nigeria – Lokpobiri

The issuing of all essential licenses needed for the Kolmani Integrated Development Project has received regulatory approvals from President Bola Tinubu. Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, made this known at the groundbreaking ceremony for the construction

May 19, 2025

Business·Oil & Gas

Dangote Refinery Further Reduces Petrol Ex-depot Price To N825 Per Litre Amid Intense Competition

Dangote Petroleum Refinery has further reduced the ex-depot price of its Premium Motor Spirit (PMS), commonly known as petrol, from N835 to N825 per litre. This reflects a N10 reduction per litre. The new price, which takes immediate effect, comes as a

May 12, 2025

Business·Oil & Gas

NNPCL, Dangote Strengthen Partnership To Boost Nigeria’s Oil, Gas Downstream Sector

The Nigerian National Petroleum Company Limited (NNPCL) and Dangote Petroleum Refinery & Petrochemicals have pledged to strengthen collaboration in boosting Nigeria’s oil and gas downstream sector to ensure the country’s energy security. The goal is also to put measures that ensure a

May 10, 2025

Business·FEATURES·Oil & Gas

Crude Oil Price Drop Below $60 Heightens Concerns For Weaker Naira, Wider Budget Deficit

The recent plunge in crude oil prices below $60 per barrel has raised significant concerns for Nigeria’s economy, particularly regarding the Naira’s stability and the widening budget deficit. The crash in global crude oil prices in recent times has been driven by a combination of geopolitical, economic,

May 6, 2025

Business·Oil & Gas

Petrol Importers Endure Losses As Landing Cost Higher Than Dangote Refinery’s Price

The landing cost of Premium Motor Spirit (PMS), also known as petrol, has recorded an average of N873 per litre. This was revealed in the Energy Bulletin of the Major Energies Marketers Association of Nigeria (MEMAN) on April 29. According to MEMAN,

May 2, 2025

FEATURES·Oil & Gas

Why Warri Refinery Remains Moribund After Millions Of Dollars Spent On Repair

Nigerians have expressed frustration as the Warri Refining and Petrochemical Company (WRPC) remains moribund despite the Federal Government spending millions of dollars on its rehabilitation. Former Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari, had on

April 30, 2025

Business·FEATURES·Oil & Gas

Concerns For Nigeria’s Oil Market As Over 60 Million Barrels Remain Unsold

There are concerns that Nigeria’s oil industry is facing significant challenges as more than 60 million barrels of crude oil remain unsold due to a growing global supply glut and weakening demand. This oversupply situation threatens Nigeria’s revenue, foreign exchange earnings, and economic stability

April 25, 2025

Business·Oil & Gas

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

The recent crash in global oil prices and Nigeria’s low crude production levels have raised serious concerns about the feasibility of implementing the 2025 budget. The Nigerian government relies heavily on oil revenues to fund its budget, and a sustained downturn in

April 22, 2025

Business·Oil & Gas

Dangote Refinery Further Reduces Petrol Price

Dangote Refinery has further reduced the ex-depot price of its Premium Motor Spirit (PMS), also known as petrol, to N835 from N865 per litre. This indicates a decrease of N30 in Dangote petrol price. This was announced in a statement released on

April 16, 2025

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SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

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Oil & Gas - Page 11

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Dangote Pledges PMS Price Stability Despite Global Crude Oil Price Fluctuations

Why Tinubu Approved Licences For Oil Exploration In Northern Nigeria – Lokpobiri

Dangote Refinery Further Reduces Petrol Ex-depot Price To N825 Per Litre Amid Intense Competition

NNPCL, Dangote Strengthen Partnership To Boost Nigeria’s Oil, Gas Downstream Sector

Crude Oil Price Drop Below $60 Heightens Concerns For Weaker Naira, Wider Budget Deficit

Petrol Importers Endure Losses As Landing Cost Higher Than Dangote Refinery’s Price

Why Warri Refinery Remains Moribund After Millions Of Dollars Spent On Repair

Concerns For Nigeria’s Oil Market As Over 60 Million Barrels Remain Unsold

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Dangote Refinery Further Reduces Petrol Price

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