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Oil & Gas - Page 26

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·Oil & Gas

Seven Solutions To Boost Nigeria’s Oil Production

Nigeria’s oil sector has long struggled with declining production, theft, and underutilised refining capacity. The government has set an ambitious goal of increasing Nigeria’s oil production by one million barrels per day (bpd) by December 2026. While security measures against oil theft

March 15, 2025

Business News·News·Oil & Gas

Renaissance Fully Takes Over Shell’s $2.4bn Onshore Asset In Nigeria

Shell has finally completed the sale of its Nigerian onshore subsidiary, Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance Africa Energy Holdings. In separate statements on Thursday, both energy firms confirmed completion of the deal worth about $2.4 billion. With

March 14, 2025

Business News·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 News·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 News·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 News·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 News·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

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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 26

Uganda Targets First Pearl Sweet Crude Export in December

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

Seven Solutions To Boost Nigeria’s Oil Production

Renaissance Fully Takes Over Shell’s $2.4bn Onshore Asset In Nigeria

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)

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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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Q1 2026: Four Pharma Stocks Reward Investors, One Bleeds N14.8bn

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Oil & Gas - Page 26

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