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Oil & Gas - Page 13

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

NUPRC’s New Guidelines On Crude Exports Tackle Oil Theft, Boost Revenue Generation

In its quest to tackle oil theft and other illicit activities in crude oil movements and exports, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has introduced new guidelines to enhance the monitoring of crude oil exports in the country. The move aims to improve transparency, curb theft, and

June 20, 2025

Business·Oil & Gas

Benefits Of Dangote Refinery’s PMS, Diesel Distribution Plan

The Dangote Refinery is set to transform Nigeria’s fuel supply chain with its Premium Motor Spirit (PMS) and diesel distribution plan nationwide. In a statement released on Sunday, the Africa’s largest petroleum refinery said it will, effective from 15th of August 2025,

June 19, 2025

Business·Oil & Gas

Petrol Not Cheap In Nigeria, IPMAN Counters Dangote

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has stated that Premium Motor Spirit (PMS), also known as petrol, is not cheap in Nigeria. IPMAN spokesperson, Chinedu Ukadike, stated this while reacting to comments made by the President of Dangote Group, Alhaji

June 11, 2025

Cooking Gas Crisis: Will Nigeria's LPG Export Ban Be The Solution?

Business·Oil & Gas

More Trouble For Nigerian Households As Cooking Gas Price Rises Further

Nigeria’s already struggling households are in for deeper hardship as Liquefied Petroleum Gas (LPG), also known as cooking gas, prices continue to surge, worsening inflation, hunger, and energy poverty. The latest price hike of this essential commodity has forced many families to

June 10, 2025

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

Business·Oil & Gas

Expert Predicts Further Petrol Price Drop In June, July Amid Competition, Naira Stability

Economist and Chief Executive Officer of Financial Derivatives Company (FDC), Mr Bismarck Rewane, has predicted that the price of Premium Motor Spirit (PMS), also known as petrol and diesel, may drop in June and July. Mr Rewane made the projection in its

June 8, 2025

NUPRC Data Contradicts NNPC’s 1.8m bpd Celebrated Output Figures, Indicates 1.53m Daily Production

Business·Oil & Gas

2024 Oil Block Licensing Round: We Didn’t Violate Guidelines – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refuted allegations that it violated the licensing guidelines during the 2024 Oil Block Licensing Round. NUPRC explained that the entire process was conducted in strict compliance with the Petroleum Industry Act (PIA) and its

June 7, 2025

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

Business·Oil & Gas

PMS, Diesel Price Hike Looms As Govt Pushes For 5% Road Use Charge

As the Federal Ministry of Works and the House of Representatives push for the implementation and remittances of a five per cent road user charge to be factored into fuel and diesel prices, there are worries that the price of Premium Motor

June 4, 2025

Dangote Refinery Is A Model For Africa’s Industrialisation – ECOWAS

News·Oil & Gas

Dangote Refinery A Model For Africa’s Industrialisation – ECOWAS

The Economic Community of West African States (ECOWAS) has described the Dangote Petroleum Refinery as “beacon of hope” for Africa’s industrial future. President of the ECOWAS Commission, H.E. Dr Omar Alieu Touray, made the declaration during a visit by a high-level delegation of

June 2, 2025

Business·Oil & Gas

Shell Acquires 12.5% Stake In Bonga Field From TotalEnergies For $510m

Shell Nigeria Exploration and Production Company (SNEPCo), a subsidiary of Shell Plc, has signed an agreement with TotalEnergies EP Nigeria Limited, to acquire its 12.5 per cent stake in the OML 118 Production Sharing Contract (OML 118 PSC). OML 118 PSC is

May 30, 2025

Business·Oil & Gas

Port Harcourt Refinery Shutdown Sparks Fuel Price Concerns

The National President of the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN), Mr Billy Gillis-Harry, has expressed concerns about the potential negative impact of the shutdown of the Port Harcourt refinery on fuel prices. Gillis-Harry said that while it may

May 26, 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 13

Manufacturers Call for Natural Gas Shift to Maximise Production

NUPRC’s New Guidelines On Crude Exports Tackle Oil Theft, Boost Revenue Generation

Benefits Of Dangote Refinery’s PMS, Diesel Distribution Plan

Petrol Not Cheap In Nigeria, IPMAN Counters Dangote

More Trouble For Nigerian Households As Cooking Gas Price Rises Further

Expert Predicts Further Petrol Price Drop In June, July Amid Competition, Naira Stability

2024 Oil Block Licensing Round: We Didn’t Violate Guidelines – NUPRC

PMS, Diesel Price Hike Looms As Govt Pushes For 5% Road Use Charge

Dangote Refinery A Model For Africa’s Industrialisation – ECOWAS

Shell Acquires 12.5% Stake In Bonga Field From TotalEnergies For $510m

Port Harcourt Refinery Shutdown Sparks Fuel Price Concerns

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

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Oil & Gas - Page 13

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