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Oil & Gas - Page 19

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

West Africa Still Imports 69% Of Petrol Despite Domestic Refining Rise – NMDPRA

Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has revealed that West Africa continues to rely heavily on imported fuel, with nearly 70 percent of its gasoline sourced from overseas markets despite recent expansions in regional

July 22, 2025

Business News·Oil & Gas·Top Stories

NNPC Revenue Drops By 23.9% Amid Global Oil Market Volatility

The Nigerian National Petroleum Company (NNPC) Limited reported a 23.9 per cent decline in oil revenue in June 2025, dropping to ₦4.57 trillion from ₦6 trillion in May. This marked the lowest revenue in three months. The drop was attributed to volatile global crude prices in recent times, driven by geopolitical

July 22, 2025

Business News·Oil & Gas

Oil, Gas Suppliers Kick Against Dangote’s Direct Supply To End Users

Plans by Dangote refinery to begin direct supply of petroleum products to end users have been met with opposition by Natural Oil & Gas Suppliers Association of Nigeria (NOGASA). The group said the move, which would lead to bypassing the existing distribution

July 21, 2025

Business News·Oil & Gas

Dangote Refinery To Reintroduce Discount Scheme For Partners

The Dangote Petroleum Refinery has announced plans to reintroduce its suspended N5 per-litre fuel discount scheme for strategic partners, following a temporary halt due to reported infractions by some marketers. The discount scheme was suspended on 13 July 2025, after investigations revealed that some affiliate marketers

July 19, 2025

Business News·Oil & Gas

Dangote Refinery Uncovers Fuel Diversion Racket, Suspends Discount Scheme

The Dangote Petroleum Refinery recently uncovered a fuel diversion racket involving some of its affiliate marketers and strategic partners, leading to the suspension of its discounted fuel supply scheme on 13 July 2025. The refinery management said its investigations revealed that some marketers had been re-routing the

July 18, 2025

Business News·Oil & Gas

Oil Production: Nigeria Again Exceeds OPEC Quota In 2025

Nigeria’s oil production has shown significant improvement in 2025, with the country exceeding the production quota allocated to it by the Organisation of the Petroleum Exporting Countries (OPEC) for the second time this year. The first time was in January and the second

July 16, 2025

Business News·Oil & Gas

Refinery Sale: NNPC Should Prioritise Competence, Expertise In Selecting Prospective Buyer – IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has called on the relevant authorities to prioritise competence, and technical expertise in refinery operations while selecting prospective buyer of the Port Harcourt refinery, if the NNPC finally decides to sell it off. IPMAN

July 15, 2025

Business News·Oil & Gas

NMDPRA Enabled $1.2bn Investments In Modular Refineries – DAPPMAN

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has applauded the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for modernizing licensing processes, which it said have attracted $1.2 billion in investments in modular refineries since 2022. In a statement, signed by

July 15, 2025

FEATURES·Oil & Gas

Between NNPC’s Refineries Sale Plan And Heavy Spend On TAM: Which Is The Lesser Evil?

The recent indication that Nigeria’s state-owned Port Harcourt, Warri, and Kaduna refineries may be sold off after an ongoing review of the plants is concluded has sparked mixed reactions. While some hailed the move as a right step towards fostering efficiency in

July 13, 2025

Business News·Oil & Gas

NNPCL GCEO Laments Refineries Rehabilitation Challenges, Says Sell Off Is Possible

Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has lamented about the challenges associated with the rehabilitation of the country’s refineries, hinting at the possibility of selling them off. The state-owned refineries located in Port Harcourt, Warri

July 11, 2025

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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 19

Uganda Targets First Pearl Sweet Crude Export in December

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

West Africa Still Imports 69% Of Petrol Despite Domestic Refining Rise – NMDPRA

NNPC Revenue Drops By 23.9% Amid Global Oil Market Volatility

Oil, Gas Suppliers Kick Against Dangote’s Direct Supply To End Users

Dangote Refinery To Reintroduce Discount Scheme For Partners

Dangote Refinery Uncovers Fuel Diversion Racket, Suspends Discount Scheme

Oil Production: Nigeria Again Exceeds OPEC Quota In 2025

Refinery Sale: NNPC Should Prioritise Competence, Expertise In Selecting Prospective Buyer – IPMAN

NMDPRA Enabled $1.2bn Investments In Modular Refineries – DAPPMAN

Between NNPC’s Refineries Sale Plan And Heavy Spend On TAM: Which Is The Lesser Evil?

NNPCL GCEO Laments Refineries Rehabilitation Challenges, Says Sell Off Is Possible

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Oil & Gas - Page 19

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