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Oil & Gas - Page 11

Business·Finance & Economy·News·Nigeria·Oil & Gas

Manufacturers Call for Natural Gas Shift to Maximise Production

Manufacturers in southeast Nigeria have urged a shift from diesel to natural gas to lower soaring energy costs and boost industrial growth, warning that unreliable and expensive power supply threatens the survival of factories. Adaora Chukwudozie, chair of the South-East region of

March 6, 2026

Business·Oil & Gas

Oil, Gas Suppliers Kick Against Dangote’s Direct Supply To End Users

Plans by Dangote refinery to begin direct supply of petroleum products to end users have been met with opposition by Natural Oil & Gas Suppliers Association of Nigeria (NOGASA). The group said the move, which would lead to bypassing the existing distribution

July 21, 2025

Business·Oil & Gas

Dangote Refinery To Reintroduce Discount Scheme For Partners

The Dangote Petroleum Refinery has announced plans to reintroduce its suspended N5 per-litre fuel discount scheme for strategic partners, following a temporary halt due to reported infractions by some marketers. The discount scheme was suspended on 13 July 2025, after investigations revealed that some affiliate marketers

July 19, 2025

Business·Oil & Gas

Dangote Refinery Uncovers Fuel Diversion Racket, Suspends Discount Scheme

The Dangote Petroleum Refinery recently uncovered a fuel diversion racket involving some of its affiliate marketers and strategic partners, leading to the suspension of its discounted fuel supply scheme on 13 July 2025. The refinery management said its investigations revealed that some marketers had been re-routing the

July 18, 2025

Business·Oil & Gas

Oil Production: Nigeria Again Exceeds OPEC Quota In 2025

Nigeria’s oil production has shown significant improvement in 2025, with the country exceeding the production quota allocated to it by the Organisation of the Petroleum Exporting Countries (OPEC) for the second time this year. The first time was in January and the second

July 16, 2025

Business·Oil & Gas

Refinery Sale: NNPC Should Prioritise Competence, Expertise In Selecting Prospective Buyer – IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has called on the relevant authorities to prioritise competence, and technical expertise in refinery operations while selecting prospective buyer of the Port Harcourt refinery, if the NNPC finally decides to sell it off. IPMAN

July 15, 2025

Business·Oil & Gas

NMDPRA Enabled $1.2bn Investments In Modular Refineries – DAPPMAN

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has applauded the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for modernizing licensing processes, which it said have attracted $1.2 billion in investments in modular refineries since 2022. In a statement, signed by

July 15, 2025

FEATURES·Oil & Gas

Between NNPC’s Refineries Sale Plan And Heavy Spend On TAM: Which Is The Lesser Evil?

The recent indication that Nigeria’s state-owned Port Harcourt, Warri, and Kaduna refineries may be sold off after an ongoing review of the plants is concluded has sparked mixed reactions. While some hailed the move as a right step towards fostering efficiency in

July 13, 2025

Business·Oil & Gas

NNPCL GCEO Laments Refineries Rehabilitation Challenges, Says Sell Off Is Possible

Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has lamented about the challenges associated with the rehabilitation of the country’s refineries, hinting at the possibility of selling them off. The state-owned refineries located in Port Harcourt, Warri

July 11, 2025

Business·Oil & Gas

Nigeria’s Oil Rig Count Rises By 38 To 46 In Two Years – NUPRC Boss

Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr Gbenga Komolafe, has stated that Nigeria’s oil rigs have risen to 46 from eight in the last two years. This increase indicates a thriving petroleum industry. Speaking on Wednesday at a

July 9, 2025

Business·Oil & Gas

Again, Dangote Refinery Slashes Petrol Ex-depot Price To ₦820

Dangote Refinery has further reduced its ex-depot price of Premium Motor Spirit (PMS), also known as petrol, to ₦820. This is the second reduction by the company in a week. It had on Monday, 30 June, announced a reduction in the price

July 8, 2025

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Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

Cooking gas prices in Nigeria have jumped about 40 percent

Dangote Cement Records 20% Increase in 2025 Revenue

Dangote Cement Plc reported a 20.3 percent rise in revenue

Aston Martin to Cut 20% of Workforce Over Rising Losses

British luxury carmaker Aston Martin has announced plans to reduce

CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

Nigeria recorded a sharp increase in foreign capital inflows in

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Oil & Gas - Page 11

Manufacturers Call for Natural Gas Shift to Maximise Production

Oil, Gas Suppliers Kick Against Dangote’s Direct Supply To End Users

Dangote Refinery To Reintroduce Discount Scheme For Partners

Dangote Refinery Uncovers Fuel Diversion Racket, Suspends Discount Scheme

Oil Production: Nigeria Again Exceeds OPEC Quota In 2025

Refinery Sale: NNPC Should Prioritise Competence, Expertise In Selecting Prospective Buyer – IPMAN

NMDPRA Enabled $1.2bn Investments In Modular Refineries – DAPPMAN

Between NNPC’s Refineries Sale Plan And Heavy Spend On TAM: Which Is The Lesser Evil?

NNPCL GCEO Laments Refineries Rehabilitation Challenges, Says Sell Off Is Possible

Nigeria’s Oil Rig Count Rises By 38 To 46 In Two Years – NUPRC Boss

Again, Dangote Refinery Slashes Petrol Ex-depot Price To ₦820

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Manufacturers Call for Natural Gas Shift to Maximise Production

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Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

Dangote Cement Records 20% Increase in 2025 Revenue

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