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Oil & Gas - Page 26

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

President Tinubu has nominated new chief executives for Nigeria’s petroleum regulatory agencies following the resignation of the heads of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), developments that come amid intense controversy

December 18, 2025

Rising Flames: How Petrol Price Hikes Are Burning Holes In Nigerians’ Pockets

Business·FEATURES·News·Oil & Gas·Top Stories

Rising Flames: How Petrol Price Hikes Burn Holes In Citizens Pockets

Another Petrol Price Hike Hits Nigerians Nigeria is grappling with yet another petrol price hike, a rise that has sent shockwaves through households, businesses, and the economy at large. The price of petrol has now soared to an unprecedented N1,060 per litre

November 8, 2024

Dangote Refinery To Start Processing Only Nigerian Oil By Year End

Business·News·Oil & Gas

Marketers Kick Against Dangote Monopoly, Insist On Continued Petrol Imports

Marketers Warn Against Dangote Monopoly in Nigeria’s Petroleum Sector Three oil marketers, AYM Shafa Limited, A.A. Rano Limited, and Matrix Petroleum Services Limited, are calling for continued petrol imports in Nigeria, opposing Dangote Refinery’s request for exclusive control over the nation’s petroleum

November 7, 2024

US Election: Oil Prices Rises to $75 Per Barrel After Trump’s Election Win, Sparking Market Uncertainty, Supply Concerns

Business·News·Oil & Gas·World News

Oil Prices Rise to $75 Per Barrel After Trump’s Victory

Trump’s Victory Pushes Oil Prices Up Amid Market Uncertainty Oil prices have seen a marked increase following Donald Trump’s win in the 2024 U.S. presidential election. Brent crude rose to $75.57 per barrel, and U.S. West Texas Intermediate (WTI) climbed to $72.23,

November 7, 2024

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

Business·FEATURES·News·Oil & Gas

Marketers, Dangote Refinery In Price War For Nigeria’s Fuel Market

In a heated standoff that has gripped Nigeria’s fuel industry, independent petroleum marketers and the Dangote Refinery have found themselves locked in a battle over fuel prices, import competition, and quality control. While Dangote’s newly announced price of N990 per litre for

November 6, 2024

Dangote Petrol Price Cut: We Expected Lower Price – Nigerians

Business·FEATURES·Oil & Gas

Why We Need Effective Regulation As Dangote Refinery, Marketers Clash Over Petrol Price

While Nigerian consumers grapple with high cost and scarcity of Premium Motor Spirit (PMS) also known as petrol, Dangote Refinery and petroleum marketers have been embroiled in a feud over supply and price. This development, according to experts, calls for government intervention

November 5, 2024

Dangote Misleads Nigerian Govt On N500m Of Fuel Storage, Pushes NNPC To Buy Petrol At ₦990/Litre

Business·News·Oil & Gas

Dangote Misleads Tinubu On N500m Fuel Storage, Pushes NNPC To Buy Petrol At ₦990

Dangote’s Fuel Supply and Pricing Raises Questions in Nigeria’s Oil Market Billionaire industrialist, Aliko Dangote, reportedly misled President Ahmed Tinubu about having 500 million litres of fuel in storage. Despite this claim, Dangote is said to be pushing the Nigerian National Petroleum

November 5, 2024

Petrol Price Or Pretense: Nigerians Question Dangote Refinery’s N990 Fuel Amid Rising Hardship

Business·FEATURES·News·Oil & Gas

Nigerians Question Dangote Refinery’s N990 Price As Fuel Hardship Deepens

As Nigeria battles with the challenges of inflation, economic hardship, and fluctuating fuel prices, a new layer of frustration is emerging. The Dangote Refinery, widely anticipated as a game-changer for Nigeria’s fuel industry, recently announced its pricing structure, selling petrol at N990

November 5, 2024

Business·News·Oil & Gas

We’re Selling PMS At N990/Litre, Dangote Reveals

Dangote Refinery has finally revealed how much it is selling its Premium Motor Spirit (PMS) also known as petrol, to marketers. The company said it is selling PMS at N990 per litre to trucks and N960 for ship deliveries. The company revealed

November 4, 2024

Between Fuel Price Burden And CNG Conversion Cost, Safety: The Dilemma Of Nigerians

Business·FEATURES·Oil & Gas

Between Fuel Price Burden And CNG Conversion Cost: The Dilemma Of Nigerians

As the Nigerian government pushes for full-scale adoption of Compressed Natural Gas initiative (CNG) for use in transportation, there are concerns about provision of necessary infrastructure to facilitate the process. Also, there are concerns about the cost of conversion of vehicles powered

November 2, 2024

Dangote Refinery: Why IPMAN Can’t Lift Petrol Without NNPC Approval

Business·News·Oil & Gas

Dangote Refinery: IPMAN Needs Authorisation From NNPCL To Get Supply

Dangote Refinery Holds Back Petrol Supply Due to Lack of NNPCL Approval The Dangote Petroleum Refinery has clarified that it cannot yet supply Premium Motor Spirit (PMS), also known as petrol, to members of the Independent Petroleum Marketers Association of Nigeria (IPMAN)

November 1, 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 26

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Rising Flames: How Petrol Price Hikes Burn Holes In Citizens Pockets

Marketers Kick Against Dangote Monopoly, Insist On Continued Petrol Imports

Oil Prices Rise to $75 Per Barrel After Trump’s Victory

Marketers, Dangote Refinery In Price War For Nigeria’s Fuel Market

Why We Need Effective Regulation As Dangote Refinery, Marketers Clash Over Petrol Price

Dangote Misleads Tinubu On N500m Fuel Storage, Pushes NNPC To Buy Petrol At ₦990

Nigerians Question Dangote Refinery’s N990 Price As Fuel Hardship Deepens

We’re Selling PMS At N990/Litre, Dangote Reveals

Between Fuel Price Burden And CNG Conversion Cost: The Dilemma Of Nigerians

Dangote Refinery: IPMAN Needs Authorisation From NNPCL To Get Supply

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Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

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