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Oil & Gas - Page 15

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·Oil & Gas

Fuel Price War Intensifies As Landing Cost Drops To N774

The fuel price war in Nigeria’s downstream oil sector has taken a new turn as the landing cost of premium motor spirit (PMS) has dropped to N774.82 per litre. This is lower than the ex-depot price of Dangote Refinery, which stands at

March 13, 2025

Business·Oil & Gas

Why Nigeria’s Crude Oil Production Is Declining – And What Next

Nigeria, Africa’s largest oil producer, is experiencing a steady drop in crude oil production. Once a major global supplier, the country has struggled to maintain its production levels due to several challenges. These include oil theft, pipeline vandalism, regulatory uncertainties, and the

March 13, 2025

Africa·Oil & Gas

How 10 Africa’s Most Populous Countries Generate Power

Africa is rich in natural resources, yet many of its most populous countries struggle to generate enough electricity. Power shortages impact economic growth and daily life, making energy security a major challenge. While some nations harness gas reserves, others rely on hydropower,

March 13, 2025

Business·Oil & Gas

Petrol Price Reduction Threatening Our Businesses, Marketers Ask FCCPC, NMDPRA To Intervene

Oil marketers in Nigeria have raised concerns over frequent reductions in petrol prices, warning that their businesses are at risk. The Petroleum Products Retail Outlets Association of Nigeria (PETROAN) has called on the Federal Competition and Consumer Protection Commission (FCCPC) and the

March 12, 2025

Business·FEATURES·Oil & Gas

Nigeria’s Oil Gamble: Will Dangote Refinery, NNPCL’s Naira-for-crude Deal Reshape Energy Market?

Nigeria In October 2024 embarked on a bold initiative to strengthen its energy sector by implementing the “Naira-for-crude” policy. This strategy allowed local refineries to purchase crude oil in the local currency, aiming to reduce dependence on foreign exchange and stabilize fuel

March 12, 2025

FEATURES·Oil & Gas

Fueling Uncertainty: What Government’s Naira-for-Crude Policy Means For Nigeria

The Naira-for-Crude policy was introduced by the Nigerian government as a strategic intervention initiative to address the country’s fuel supply challenges, reduce reliance on foreign exchange (FX) for fuel imports, and stabilize the economy. However, its implementation and recent rumour of suspension have

March 11, 2025

Finance & Economy·News·Oil & Gas·Top Stories

10 Ways Rising Petrol Imports Affect Nigeria’s Economy (And Your Wallet)

Nigeria’s petrol import bill surged by 105.3% in 2024, reaching a record-breaking ₦15.42 trillion. This sharp increase, despite efforts to ramp up local refining, has far-reaching consequences for the economy and citizens. Let’s break down exactly how the rising petrol imports affect

March 11, 2025

Business·Oil & Gas

Naira-for-crude Deal: Dangote Refinery Got Over 48 Million Barrels – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has stated that Dangote Refinery, got supply of over 48 million barrels of crude oil under the Naira-for-crude deal since October when the scheme began. The national oil company added that it has supplied an

March 11, 2025

Business·Oil & Gas

Dangote Refinery Fuel Distribution Expands with New Partner

Dangote Refinery has expanded its fuel distribution network by partnering with Optima Energy. This new addition complements its existing partnerships with MRS Nigeria, Ardova PLC, and Heyden. The move is expected to improve fuel availability and price stability across Nigeria. Since the

March 6, 2025

Business·FEATURES·Oil & Gas

Will Petrol Prices Stay Low, Or Are Nigerians Being Set Up For Another Price Hike?

In recent months, Nigerians have experienced a notable decline in petrol prices, a welcome change in a country where fuel costs have long been a contentious issue. This reduction is largely attributed to increased local refining capacity and competitive market dynamics. However,

March 5, 2025

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

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

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Oil & Gas - Page 15

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Fuel Price War Intensifies As Landing Cost Drops To N774

Why Nigeria’s Crude Oil Production Is Declining – And What Next

How 10 Africa’s Most Populous Countries Generate Power

Petrol Price Reduction Threatening Our Businesses, Marketers Ask FCCPC, NMDPRA To Intervene

Nigeria’s Oil Gamble: Will Dangote Refinery, NNPCL’s Naira-for-crude Deal Reshape Energy Market?

Fueling Uncertainty: What Government’s Naira-for-Crude Policy Means For Nigeria

10 Ways Rising Petrol Imports Affect Nigeria’s Economy (And Your Wallet)

Naira-for-crude Deal: Dangote Refinery Got Over 48 Million Barrels – NNPCL

Dangote Refinery Fuel Distribution Expands with New Partner

Will Petrol Prices Stay Low, Or Are Nigerians Being Set Up For Another Price Hike?

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Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

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NOM Demands Immediate Suspension of Tinubu’s New Tax Law, Warns of Worsening Hardship

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

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UK Targets Sugary Milk Drinks as Government Tightens Health Levy

NOM Demands Immediate Suspension of Tinubu’s New Tax Law, Warns of Worsening Hardship

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Oil & Gas - Page 15

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