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Oil & Gas - Page 28

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

Business·FEATURES·News·Oil & Gas

Fuel Of Despair: Is Tinubu’s Government Driving Nigerians To A Breaking Point?

Since President Bola Ahmed Tinubu took office, Nigerians have experienced relentless hardship. From the controversial removal of fuel subsidies to unprecedented hikes in fuel prices, many citizens feel caught in an economic chokehold that shows no signs of loosening. The increase in

October 26, 2024

Business·FEATURES·News·Oil & Gas

Fuel Price Hike Worsens Nigerian Travellers’ Nightmare

Around 8:30 am on Tuesday, 15 October, Osinachi, a driver in one of the transport companies that operates the east-west road had gotten full passenger load of his 14-seater commuter hiace bus enroute to Enugu from Lagos. However, the joy of loading

October 26, 2024

Cooking Gas: The Fire Nigerians Can’t Afford To Keep Burning

Business·FEATURES·News·Oil & Gas

Cooking Gas: The Kitchen Energy Nigerians Can’t Keep Burning

Nigerians Suffer as Cooking Gas Prices Surge The price of cooking gas, a vital resource for millions of Nigerians, has soared to alarming levels, rising from N700 per kilogram in June 2023 to N1,500 per kilogram by October 2024. This steep price

October 25, 2024

Oil & Gas·Opinion

Assessing War On Crude Oil Theft In Nigeria

Nigeria’s major source of foreign revenues are the crude oil resources and this makes this natural endowment a national treasure. This is why whatever happens in the crude oil sector of the economy shapes the national conversations. One phenomenon that has

October 24, 2024

Business·FEATURES·News·Oil & Gas

Petrol At N1,000 Or Gas At N200? Tinubu’s Costly Dilemma For Drivers

Petrol at N1,000: Nigerians Face a Tough Choice Nigerians are now caught between two hard realities: paying N1,000 per litre for petrol or switching to compressed natural gas (CNG) at a significantly lower cost of N200 per Standard Cubic Meter. This is

October 24, 2024

Business·FEATURES·News·Oil & Gas

Naira-for-Crude: A Bold Gamble For Nigeria’s Refinery Future

The Dangote Petroleum Refinery recently received four cargoes of crude oil from the Nigerian National Petroleum Company Limited (NNPCL), marking the start of the much-anticipated naira-for-crude sale agreement. This development, confirmed by both the refinery and government officials, signals a new approach

October 24, 2024

Business·Oil & Gas

Nigeria Bans Cooking Gas Exports Amid Rising Prices

As part of measures to stem the tide of soaring prices of Liquefied Petroleum Gas (LPG) also known as cooking gas, the Nigerian government has banned export of locally produced one with effect from 1 November 2024. The directive was issued by

October 23, 2024

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

Business·News·Oil & Gas

Naira-for-Crude Deal Boosts As Dang0te Refinery Gets First Supply From NNPCL

Dangote Refinery Receives Four Cargoes Under Naira-for-Crude Deal The Dangote Petroleum Refinery has received four cargoes of crude oil from the Nigerian National Petroleum Company Limited (NNPCL) under the newly implemented naira-for-crude agreement. This development was confirmed by officials from both the

October 23, 2024

Business·FEATURES·News·Oil & Gas

Nigeria’s Energy Crisis: A Fuel Hike Or A Broken System?

The Deepening Nigerian Energy Crisis Nigeria is currently grappling with a severe energy crisis, one that goes beyond rising fuel prices. Citizens face a shortage of fuel for vehicles, generators, and kerosene for cooking. This is as steady electricity remains a

October 23, 2024

Business·News·Oil & Gas

Fuel Price Chaos: From N195 To N1,200 In Less Than 2years Amid Economic Hardship

A Price Surge That Stunned a Nation Nigeria, Africa’s largest economy, has faced a fuel price increase so staggering that citizens are left reeling in shock. In less than two years, fuel prices skyrocketed from N195 per litre to over N1,200 at

October 22, 2024

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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

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

What is the dollar-to-naira exchange rate on the black market,

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Oil & Gas - Page 28

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

Fuel Of Despair: Is Tinubu’s Government Driving Nigerians To A Breaking Point?

Fuel Price Hike Worsens Nigerian Travellers’ Nightmare

Cooking Gas: The Kitchen Energy Nigerians Can’t Keep Burning

Assessing War On Crude Oil Theft In Nigeria

Petrol At N1,000 Or Gas At N200? Tinubu’s Costly Dilemma For Drivers

Naira-for-Crude: A Bold Gamble For Nigeria’s Refinery Future

Nigeria Bans Cooking Gas Exports Amid Rising Prices

Naira-for-Crude Deal Boosts As Dang0te Refinery Gets First Supply From NNPCL

Nigeria’s Energy Crisis: A Fuel Hike Or A Broken System?

Fuel Price Chaos: From N195 To N1,200 In Less Than 2years Amid Economic Hardship

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Air Peace Ushers in Third Embraer 190, Reinforcing Capacity and Additional Festive Connectivity

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Naira Depreciates To N1,487/$ In Black Market, Appreciates To N1,943/$ In Official Window

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

SEC Orders Full Registration of Tradable Instruments by January 2026

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

Amnesty International Lists Alleged Gross Human Rights Violations Under Buhari’s Administration

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Oil & Gas - Page 28

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