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Oil & Gas - Page 21

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

The United States has seized a sanctioned Venezuelan oil tanker off the country’s coast, President Trump announced Wednesday, escalating tensions with Caracas and sending oil prices higher. “We’ve just seized a tanker on the coast of Venezuela, very large, largest one ever,”

December 11, 2025

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

Business·News·Oil & Gas

How To Access Dangote Refinery’s Buy-One-Get-One Credit Offer

The Dangote Refinery has introduced a new initiative aimed at providing relief to Nigerians during the festive season. Consumers can now access a special buy-one-get-one credit offer on petrol purchases. According to Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote

December 20, 2024

Dangote Petrol Price Cut: We Expected Lower Price – Nigerians

Business·Oil & Gas

Dangote Refinery PMS Price Drop Will Ease Suffering Of Nigerians – PETROAN

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has applauded the management of Dangote Refinery for reducing the price of its Premium Motor Spirit (PMS) also known petrol to N899.50K per litre. PETROAN spokesperson Joseph Obele said in a statement

December 20, 2024

Dangote Refinery Reduces Ex-depot Price Of Diesel To ₦1,020 Per Litre

Business·Oil & Gas

Dangote Refinery PMS Price Reduction: ‘A Drop In The Ocean’, Say Nigerians

Mixed reactions from Nigerians have trailed news of the reduction of fuel price by Dangote Refinery. While some commended the refinery for the gesture, others said the margin of price reduction is insignificant. Prime Business Africa reports that Dangote Refinery on Thursday

December 19, 2024

Business·News·Oil & Gas

Yuletide: Dangote Refinery Cuts Petrol Price To N899.50, Launches Holiday Credit Offer

Dangote Refinery has announced a reduction in the price of Premium Motor Spirit (PMS) to N899.50 per litre, offering Nigerians some relief as the festive season draws near. This development, confirmed in a statement by the Group Chief Branding and Communications Officer,

December 19, 2024

0% Import Duty On CNG, LPG Equipment, Says Nigerian Customs

Business·News·Oil & Gas

Nigerian Customs Announces 0% Import Duty On CNG, LPG Equipment

The Nigeria Customs Service (NCS) has announced a 0% import duty on equipment for Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) as part of the government’s drive to promote domestic gas utilisation. This policy shift aims to reduce costs, enhance

December 19, 2024

Dangote Refinery, FCCPC Clash As NNPCL Insists On Importation Of Fuel

Business·News·Oil & Gas

Dangote Refinery Accuses NNPCL Of Misleading Claims On $1bn Investment

The Dangote Petroleum Refinery has accused the Nigerian National Petroleum Company Limited (NNPCL) of providing inaccurate information about its $1bn investment in the refinery. According to Dangote Refinery, NNPCL’s claims mislead stakeholders and the public regarding the extent and nature of the

December 18, 2024

Tinubu Hails Shell, Partners' $5bn Deepwater Project In Nigeria's Energy Sector

Business·News·Oil & Gas

Tinubu Hails Shell, Partners’ $5bn Investment In Nigeria’s Oil Sector

President Bola Ahmed Tinubu has hailed Shell and its partners’ $5 billion investment in the Bonga North Deep Offshore Field, marking a major step forward for Nigeria’s energy sector. This investment, announced with the Final Investment Decision (FID) on the project, is

December 16, 2024

Addressing Forex Instability and Fuel Costs

Business·FEATURES·News·Oil & Gas

NNPCL’s 2% Fuel Price Reduction Not Enough ‘Christmas Gift’, Nigerians React

Many Nigerians are unhappy with what appears a paltry reduction of petrol pump price as ‘Christmas Gift’ by the country’s national oil company. Recently, The Independent Petroleum Marketers Association of Nigeria (IPMAN) urged the Dangote Refinery to lower its ex-depot price from N970 per litre,

December 16, 2024

Business·News·Oil & Gas

IPMAN Urges Dangote Refinery To Cut Petrol Price, Cites Drop In Landing Cost

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Dangote Refinery to reduce its petrol prices. The association’s plea comes after the estimated cost of landing petrol in Nigeria dropped to N900.28 per litre, while the current ex-depot price

December 15, 2024

Yuletide: Nigerians React To Petrol Price Shift As Experts Debate Domestic Refining vs Imports

Business·FEATURES·News·Oil & Gas

Yuletide: Nigerians React To Petrol Price Shift, Experts Debate Domestic Refining vs. Imports

The recent reduction in the landing cost of petrol to N900.28 per litre has sparked diverse reactions among Nigerians. While some view it as a sign of possible retail price relief for the festive season, others remain skeptical about its impact on

December 14, 2024

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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 21

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

How To Access Dangote Refinery’s Buy-One-Get-One Credit Offer

Dangote Refinery PMS Price Drop Will Ease Suffering Of Nigerians – PETROAN

Dangote Refinery PMS Price Reduction: ‘A Drop In The Ocean’, Say Nigerians

Yuletide: Dangote Refinery Cuts Petrol Price To N899.50, Launches Holiday Credit Offer

Nigerian Customs Announces 0% Import Duty On CNG, LPG Equipment

Dangote Refinery Accuses NNPCL Of Misleading Claims On $1bn Investment

Tinubu Hails Shell, Partners’ $5bn Investment In Nigeria’s Oil Sector

NNPCL’s 2% Fuel Price Reduction Not Enough ‘Christmas Gift’, Nigerians React

IPMAN Urges Dangote Refinery To Cut Petrol Price, Cites Drop In Landing Cost

Yuletide: Nigerians React To Petrol Price Shift, Experts Debate Domestic Refining vs. Imports

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Oil & Gas - Page 21

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