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Oil & Gas - Page 16

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·News·Oil & Gas

Dollar-for-Crude: PETROAN Rejects Dangote Refinery’s Dollar Sale Policy

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has strongly opposed the decision of Dangote Petroleum Refinery to sell refined petroleum products in dollars. The association is urging the Federal Government to prevent the refinery from enforcing the dollar-based pricing

March 26, 2025

Business·FEATURES·Oil & Gas

What Happens If NNPC Ends Naira-For-Crude? Risks, Alternatives

The Naira-for-Crude policy has been a key part of Nigeria’s strategy to stabilise petrol prices and manage inflation. The Nigerian National Petroleum Company Limited (NNPCL) has been selling crude oil to local refiners in naira, instead of dollars, allowing fuel to be

March 26, 2025

Business·Oil & Gas

Six Factors Behind Poor Performance Of Nigeria’s Oil & Gas Stocks This Year

After a remarkable 170% gain in 2024, Nigeria’s Oil & Gas sector is now the worst-performing index on the Nigerian Exchange Limited (NGX). As of March 21, 2025, the NGX Oil & Gas Index has dropped by 7.82% year-to-date (YTD), surpassing the

March 26, 2025

Business·Oil & Gas

Naira-for-crude Deal Could Have Negative Impact On Nigeria’s Economy – Depot Owners

Executive Secretary of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Olufemi Adewole, has warned that continuing with the implementation of the naira-for-crude policy could have a negative impact on Nigeria’s economy. Oluwole stated that the sale of crude oil

March 25, 2025

Business·News·Oil & Gas

Dangote Refinery Boosts U.S. Jet Fuel Supply As Demand Rises

Nigeria’s Dangote Refinery has increased jet fuel exports to the United States, helping to stabilise prices as demand reaches a two-year high. The 650,000 barrels-per-day (bpd) refinery, the largest in Africa, has emerged as a key supplier in the global market. By

March 25, 2025

Oil & Gas

Congo Reveals Gas Master Plan, Aims For Eni’s 2.4 MT/A LNG Project

The Republic of Congo’s National Oil Company, Société Nationale des Pétroles du Congo (SNPC), has unveiled a Gas Master Plan (GMP) designed to revitalise the country’s hydrocarbon sector. The Gas Master Plan aims to increase gas utilisation and attract international investment while

March 24, 2025

5 Ways Dangote Crude Deal Suspension Could Affect Fuel Prices In Nigeria

Business·Oil & Gas

Five Ways Dangote Crude Deal Suspension Could Affect Fuel Prices In Nigeria

The recent suspension of Dangote Petroleum Refinery’s crude oil purchase deal in naira has raised concerns about the future of fuel prices in Nigeria. With the refinery now requiring payment in US dollars for its refined products, several economic implications could follow.

March 24, 2025

Business·Oil & Gas

FG Halts Naira-for-Crude Deal With Dangote, Fuel Price Fears Rise

The decision of the Federal Government (FG) to halt the supply of crude oil to the Dangote Refinery in naira has caused concerns among petroleum marketers, who now fear a potential hike in fuel prices. With the suspension of the Naira-for-crude arrangement,

March 24, 2025

Business·Oil & Gas

Why Dangote Refinery Is Right In Suspending Petroleum Products Sales In Naira – Expert

Economist and energy expert, Mr Kelvin Emmanuel, has highlighted why Dangote Refinery is right in suspending the sales of petroleum products in naira. Mr Emmanuel said Dangote Refinery’s decision to stop sales of petroleum products in naira was a right decision because,

March 24, 2025

Business·News·Oil & Gas

Petrol Imports Rise To 154m Litres Weekly As Naira-for-Crude Crisis Persists

The importation of Premium Motor Spirit (PMS), commonly known as petrol, has risen to 154 million litres weekly, as Nigeria continues to struggle with the Naira-for-Crude policy crisis. Seven vessels carrying imported fuel are expected to arrive at the country’s seaports between

March 23, 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 16

Manufacturers Call for Natural Gas Shift to Maximise Production

Dollar-for-Crude: PETROAN Rejects Dangote Refinery’s Dollar Sale Policy

What Happens If NNPC Ends Naira-For-Crude? Risks, Alternatives

Six Factors Behind Poor Performance Of Nigeria’s Oil & Gas Stocks This Year

Naira-for-crude Deal Could Have Negative Impact On Nigeria’s Economy – Depot Owners

Dangote Refinery Boosts U.S. Jet Fuel Supply As Demand Rises

Congo Reveals Gas Master Plan, Aims For Eni’s 2.4 MT/A LNG Project

Five Ways Dangote Crude Deal Suspension Could Affect Fuel Prices In Nigeria

FG Halts Naira-for-Crude Deal With Dangote, Fuel Price Fears Rise

Why Dangote Refinery Is Right In Suspending Petroleum Products Sales In Naira – Expert

Petrol Imports Rise To 154m Litres Weekly As Naira-for-Crude Crisis Persists

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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

Aston Martin to Cut 20% of Workforce Over Rising Losses

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

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Oil & Gas - Page 16

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