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Oil & Gas - Page 23

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

Business News·FEATURES·Oil & Gas

Concerns For Nigeria’s Oil Market As Over 60 Million Barrels Remain Unsold

There are concerns that Nigeria’s oil industry is facing significant challenges as more than 60 million barrels of crude oil remain unsold due to a growing global supply glut and weakening demand. This oversupply situation threatens Nigeria’s revenue, foreign exchange earnings, and economic stability

April 25, 2025

Business News·Oil & Gas

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

The recent crash in global oil prices and Nigeria’s low crude production levels have raised serious concerns about the feasibility of implementing the 2025 budget. The Nigerian government relies heavily on oil revenues to fund its budget, and a sustained downturn in

April 22, 2025

Business News·Oil & Gas

Dangote Refinery Further Reduces Petrol Price

Dangote Refinery has further reduced the ex-depot price of its Premium Motor Spirit (PMS), also known as petrol, to N835 from N865 per litre. This indicates a decrease of N30 in Dangote petrol price. This was announced in a statement released on

April 16, 2025

News·Oil & Gas

Nigeria To Lay 24-Inch Gas Pipeline In Major Infrastructure Push

The Nigeria Gas Infrastructure Company, a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL), in partnership with Fradro Gas & Power, is set to embark on a major infrastructure project. The company plans to lay a 24-inch, 600 mmscfd gas pipeline

April 16, 2025

Business News·Oil & Gas

Ghana Poised For Energy Renaissance As EXPLORCO Targets Voltaian Basin

Ghana’s energy sector is on the cusp of a major breakthrough as EXPLORCO, the exploration arm of the Ghana National Petroleum Corporation (GNPC), prepares to drill its first exploration well in the Voltaian Basin in the first quarter of 2026. This historic

April 16, 2025

Business News·Oil & Gas

Nigeria’s Oil Production Declined By 4% To 1.4m bpd In March

Nigeria’s crude oil production dropped by 4 per cent to 1,400,783 barrels per day (bpd) in March 2025. This is according to the latest crude oil and condensate production data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The NUPRC report,

April 12, 2025

Business News·News·Oil & Gas

Dangote Refinery Slashes Petrol Price To N865 As FG Promises To Continue Naira-for-crude Deal

Dangote Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS) also known as petrol to N865 per litre. This comes after about two weeks, it increased its ex-gantry price of petrol to N880 per litre. Prime Business Africa gathered that

April 10, 2025

Business News·Oil & Gas

NNPCL Raises Petrol Price To N950/litre

The Nigerian National Petroleum Company Limited (NNPCL) has finally joined other oil marketers in raising the price of Premium Motors Spirit (PMS), also known as petrol. With effect from 2 April 2025, the national oil company increased the prices of petrol to

April 4, 2025

Business News·Oil & Gas

Petrol Pump Price Hits N970 After Naira-for-crude Deal Suspension

In the aftermath of the recent suspension of the Naira-for-crude deal between Dangote Refinery and the Nigeria National Petroleum Company Limited (NNPC), the pump price of Premium Motor Spirit (PMS), popularly known as petrol, has risen to almost ₦1,000 per litre. Prime

March 31, 2025

Oil & Gas·Top Stories

How Nigeria Plans To Cut Fossil Fuel Dependence By 2035: What It Means For You

Nigeria, Africa’s largest oil producer, has long depended on fossil fuels for energy and economic stability. However, with global climate concerns, fluctuating oil prices, and the push for sustainable energy solutions, the country is strategically trying to transition towards cleaner alternatives. Over

March 29, 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 23

Uganda Targets First Pearl Sweet Crude Export in December

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

Concerns For Nigeria’s Oil Market As Over 60 Million Barrels Remain Unsold

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Dangote Refinery Further Reduces Petrol Price

Nigeria To Lay 24-Inch Gas Pipeline In Major Infrastructure Push

Ghana Poised For Energy Renaissance As EXPLORCO Targets Voltaian Basin

Nigeria’s Oil Production Declined By 4% To 1.4m bpd In March

Dangote Refinery Slashes Petrol Price To N865 As FG Promises To Continue Naira-for-crude Deal

NNPCL Raises Petrol Price To N950/litre

Petrol Pump Price Hits N970 After Naira-for-crude Deal Suspension

How Nigeria Plans To Cut Fossil Fuel Dependence By 2035: What It Means For You

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UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Broken System, Broken Lives – Tinubu’s Toxic Legacy

Two Group Chats, One Nigeria: Gen Z Pays The Bills, Boomers Write The Laws

Deliver Votes or Be Sacked: The New Politics in Ebonyi

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Oil & Gas - Page 23

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