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Oil & Gas - Page 18

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·FEATURES·Oil & Gas

Kaduna Refinery: The Role Of Local Refining In Nigeria’s Fuel Economy

In Nigeria, the paradox of being a leading crude oil producer yet heavily reliant on imported refined petroleum products has long puzzled many. This dependency has not only strained the nation’s economy but has also made fuel prices susceptible to global market

March 14, 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

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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 18

Manufacturers Call for Natural Gas Shift to Maximise Production

Kaduna Refinery: The Role Of Local Refining In Nigeria’s Fuel Economy

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

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Each Nigerian Paid Nearly ₦19,000 to Electricity DisCos in December 2025

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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