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Oil & Gas - Page 27

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

Naira-for-crude Deal: Dangote Refinery Got Over 48 Million Barrels – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has stated that Dangote Refinery, got supply of over 48 million barrels of crude oil under the Naira-for-crude deal since October when the scheme began. The national oil company added that it has supplied an

March 11, 2025

Business News·Oil & Gas

Dangote Refinery Fuel Distribution Expands with New Partner

Dangote Refinery has expanded its fuel distribution network by partnering with Optima Energy. This new addition complements its existing partnerships with MRS Nigeria, Ardova PLC, and Heyden. The move is expected to improve fuel availability and price stability across Nigeria. Since the

March 6, 2025

Business News·FEATURES·Oil & Gas

Will Petrol Prices Stay Low, Or Are Nigerians Being Set Up For Another Price Hike?

In recent months, Nigerians have experienced a notable decline in petrol prices, a welcome change in a country where fuel costs have long been a contentious issue. This reduction is largely attributed to increased local refining capacity and competitive market dynamics. However,

March 5, 2025

Fuel Price War Intensifies As Landing Cost Drops To N774

Business News·Oil & Gas

Why Petrol Price Reduction Will Continue Until June – Rewane

Bismarck Rewane, Managing Director of Financial Derivatives Company Limited, has predicted that the ongoing petrol price reduction in Nigeria will continue until June 2025. Speaking on Channels Television’s Business Morning on Tuesday, March 4, 2025, Rewane explained that recent reductions by the

March 4, 2025

Business News·Oil & Gas

NNPC Reduces Petrol Price To N860/ Litre As Competition Increases

The Nigerian National Petroleum Company Limited (NNPC) has reduced the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to N860 per litre. This decision follows growing competition among major oil marketers and independent dealers, as well as changes in

March 3, 2025

Business News·Oil & Gas

Dangote Refinery To Absorb Marketers’ N16bn Loss To Ensure Cheaper Fuel For Nigerians

Dangote Petroleum Refinery & Petrochemicals has announced that it will absorb a N16 billion loss by refunding N65 per litre to fuel marketers to ensure Nigerians benefit from cheaper fuel prices. In a statement released over the weekend, the refinery confirmed that

March 3, 2025

Dangote Refinery To Start Processing Only Nigerian Oil By Year End

Business News·News·Oil & Gas

Dangote Refinery Cuts Petrol Price by ₦65 Ahead Of Ramadan

Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, by ₦65 per litre. The price has been lowered from ₦890 to ₦825 per litre, effective February 27, 2025. In a statement,

February 26, 2025

Business News·Oil & Gas

Heirs Energies Leadership Forum 2025 Rallies Public, Private Sector Leaders To Drive Nigeria’s Oil Production Growth

Leaders from the public and commercial sectors have gathered at the Transcorp Hilton Abuja for an inaugural Petroleum Industry Leadership Dialogue, organised by Heirs Energies, an indigenous integrated energy firm, with the goal of accelerating Nigeria’s output development. CEO of Heirs Energies,

February 24, 2025

Africa·Business News·News·Oil & Gas

African Countries With The Largest Proven Oil Reserves In 2025

Oil is a key driver of economic growth in Africa. Many countries on the continent rely on oil production for revenue, energy, and foreign investment. Africa holds a significant share of the world’s proven oil reserves, with Libya, Nigeria, and Algeria among

February 17, 2025

Business News·News·Oil & Gas

NNPC Refutes Viral Claims That Its Fuel Does Not Last

The Nigerian National Petroleum Company Limited (NNPCL) has debunked what it described as “false and misleading allegations” made in a viral video which claims that NNPC fuel does not last. In a statement released on Saturday, by the NNPCL Chief Corporate Communications

February 15, 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 27

Uganda Targets First Pearl Sweet Crude Export in December

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

Naira-for-crude Deal: Dangote Refinery Got Over 48 Million Barrels – NNPCL

Dangote Refinery Fuel Distribution Expands with New Partner

Will Petrol Prices Stay Low, Or Are Nigerians Being Set Up For Another Price Hike?

Why Petrol Price Reduction Will Continue Until June – Rewane

NNPC Reduces Petrol Price To N860/ Litre As Competition Increases

Dangote Refinery To Absorb Marketers’ N16bn Loss To Ensure Cheaper Fuel For Nigerians

Dangote Refinery Cuts Petrol Price by ₦65 Ahead Of Ramadan

Heirs Energies Leadership Forum 2025 Rallies Public, Private Sector Leaders To Drive Nigeria’s Oil Production Growth

African Countries With The Largest Proven Oil Reserves In 2025

NNPC Refutes Viral Claims That Its Fuel Does Not Last

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

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Oil & Gas - Page 27

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