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Oil & Gas - Page 112

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

Oil & Gas

Oil Revenue Drops As Nigeria Misses January OPEC Quota

Nigeria’s crude oil output target for January 2022 has dropped to 1.46 million barrels per day against a target of 1.683 million bpd as approved by the Organisation of Petroleum Exporting Countries. Officials of the Federal Ministry of Petroleum Resources and the

February 2, 2022

Nigeria's September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Oil & Gas

Nigeria’s Crude Oil Production Jumps By 50,000 BPD In A Month

Nigeria’s crude oil production increased by 50,000BPD in a month, from 1.41 million barrels a day average in December 2021 to 1.46 million barrels a day in January 2022, from a monthly output target of 1,683,000 BPD. Prime Business Africa obtained this

February 1, 2022

Oil & Gas

Nnimmo Bassey Hails US Court Ruling Against Sale Of Gulf Of Mexico Oil Lease

Nigerian environmental activist, Nnimmo Bassey has commended a United States Court ruling which blocked a highly controversial sale of oil and gas drilling leases across 80m acres of the Gulf of Mexico, by Joe Biden's administration.

January 31, 2022

Oil & Gas

Petrol Landing Cost Rises To N282/litre, Oil Hits $90 – Reports

Emerging reports have claimed that the landing cost of Premium Motor Spirit (petrol) imported into Nigeria to over N282 per litre. Prime Business Africa gathered that the further rise in the landing cost of petrol means increased subsidy as the pump price

January 27, 2022

Oil & Gas

BREAKING: Nigerian Workers Suspend Protest Over Planned Subsidy Removal

The leadership of the Nigeria Labour Congress has suspended its planned nationwide protest earlier scheduled for 27th January 2022. It also suspended the follow-up protest which would have taken place on February 2nd, 2022 in the nation’s capital, Abuja. President of the

January 25, 2022

Oil & Gas

BREAKING: Fuel Subsidy Will Last For 18 More Months – FG

The federal government has said the subsidy of fuel will last for 18 more months, pending when an amendment in the Petroleum Industry Act will be forwarded to the National Assembly. Minister of State for Petroleum Resources, Timipre Sylva, disclosed this on

January 25, 2022

Oil & Gas·Politics

Senate Begs Nigerian Workers To Shelve Fuel Subsidy Protests

Senate President Ahmad Lawan has begged the Nigeria Labour Congress (NLC), and the Trade Union Congress (TUC) to terminate planned protests against Federal Government’s plan to end the controversial fuel subsidy regime. Lawan described the planned nationwide protest as “totally unnecessary,” saying

January 25, 2022

Oil & Gas

Dangote Oil Refinery To Start Processing 540,000bpd In Q3

Dangote Industries Limited has disclosed that its oil refinery will start processing crude in the third quarter of this year. Speaking on the plan, President, Dangote Industries, Aliko Dangote, said the plant would start with a processing capacity of 540,000 barrels per

January 24, 2022

Oil & Gas

Oil Prices Plunge As US Inventory Build Prompts Profit-Taking

Oil prices have dropped after rising to seven-year highs as an increase in US crude and fuel stockpiles prompted investors to take profits from the rally. Prime Business Africa gathered that Brent crude futures over the weekend dropped $2.46, or 2.8%, to

January 24, 2022

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

News·Oil & Gas

Divert Fuel Subsidy Fund To Health, Education, Ibru Tells FG

Former President of the Nigerian Stock Exchange (NSE), Mr Goodie Ibru has joined voices with those calling for an end of fuel subsidy regime in Nigeria.

January 20, 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 112

Uganda Targets First Pearl Sweet Crude Export in December

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

Oil Revenue Drops As Nigeria Misses January OPEC Quota

Nigeria’s Crude Oil Production Jumps By 50,000 BPD In A Month

Nnimmo Bassey Hails US Court Ruling Against Sale Of Gulf Of Mexico Oil Lease

Petrol Landing Cost Rises To N282/litre, Oil Hits $90 – Reports

BREAKING: Nigerian Workers Suspend Protest Over Planned Subsidy Removal

BREAKING: Fuel Subsidy Will Last For 18 More Months – FG

Senate Begs Nigerian Workers To Shelve Fuel Subsidy Protests

Dangote Oil Refinery To Start Processing 540,000bpd In Q3

Oil Prices Plunge As US Inventory Build Prompts Profit-Taking

Divert Fuel Subsidy Fund To Health, Education, Ibru Tells FG

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Oil & Gas - Page 112

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