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Oil & Gas - Page 30

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

Petrol Not Cheap In Nigeria, IPMAN Counters Dangote

Business·News·Oil & Gas

NNPCL, IPMAN Agree On New Petrol Price Of N995 Per Litre, Fuel Supply Resumes

The Nigerian National Petroleum Company Limited (NNPCL) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have agreed on a new ex-depot price of N995 per litre for petrol. This decision has led to the resumption of fuel loading at depots nationwide,

October 16, 2024

Business·News·Oil & Gas

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback

Nigeria’s crude oil output dropped by 33,000 barrels in September Nigeria’s crude oil production in September fell by 33,000 barrels to an average of 1.405 million barrels per day (bpd), according to the latest report from the Organisation of the Petroleum Exporting

October 15, 2024

Fuel Price Hike: Nigeria’s Economic Reforms At The Cost Of The Masses’ Daily Struggles

Business·FEATURES·News·Oil & Gas

Fuel Price Hike: Economic Reforms At The Masses Expense

The surge in fuel prices in Nigeria, following the removal of fuel subsidies by the Nigerian National Petroleum Corporation Limited (NNPCL), has stirred widespread concern. With fuel prices climbing from N885 to N998 in Lagos and N897 to above N1,000 in different

October 15, 2024

Chidoka Faults Nigeria's Quota System In School Admissions

Business·News·Oil & Gas

Fuel Cost: Nigerian Workers’ Income Too Low To Sustain Consumption – Chidoka

Former Minister of Aviation, Osita Chidoka, has observed that fuel prices in Nigeria may not be high when compared to global standard prices, but the problem is that the income of the average citizen is very low and can’t cover consumption on

October 15, 2024

Business·News·Oil & Gas

Petrol Smugglers Profited N17 Million per Truck Under Subsidy Regime – NNPCL

NNPCL’s Group Chief Executive Officer Reveals Major Losses from Smuggling The Nigerian National Petroleum Corporation Limited (NNPCL) has revealed that during the fuel subsidy regime, petrol smugglers were making enormous profits, with each 6,000-litre truck fetching them up to N17 million when

October 14, 2024

Competition Sets In As NNPCL, Like Dangote Refinery, Slashes Petrol Price

Business·News·Oil & Gas

NNPCL Under Fire To Remove ‘Hidden Levies’ On Dangote Fuel Prices

The Nigeria National Petroleum Company Limited (NNPCL) has been urged to remove unnecessary charges that are inflating the cost of fuel supplied by Dangote Refinery in the country. A group known as the Coalition for Energy Reforms and Good Governance Advocacy said

October 14, 2024

Business·FEATURES·News·Oil & Gas

Trekking Through Inflation: Nigerians Struggle With Rising Petrol Prices

Since the fuel subsidy removal on May 29, 2023, Nigerians have faced soaring petrol prices disrupting daily life and pushing many into financial hardship. With fuel costs climbing, inflation has surged, making basic necessities, especially transportation, unaffordable for most people. This report

October 14, 2024

SERAP Urges Tinubu To Reverse Second Petrol Price Hike By NNPC Amid Ongoing Court Case

Business·News·Oil & Gas

SERAP Urges Tinubu To Reverse Second Petrol Price Hike By NNPC Pending Court Verdict

SERAP Challenges Petrol Price Hike in Court The Socio-Economic Rights and Accountability Project (SERAP) has expressed deep concerns over the recent increase in petrol prices by the Nigerian National Petroleum Company (NNPC) Limited. In an open letter dated October 12, 2024, SERAP

October 14, 2024

Business·FEATURES·News·Oil & Gas

Crude Oil: Nigeria’s Blessing or Curse?

Blessed with one of the most coveted resources on the planet, crude oil, Nigeria should be swimming in wealth. However, the reality on the ground paints a different picture, where the nation’s crude oil resources seem more of a burden than a

October 13, 2024

Nigeria Now Leading Cement Exporter In Africa – Dangote

Business·News·Oil & Gas

Dangote Refinery To Begin Crude Oil Production Soon

Dangote Refinery to Start Oil Production in Q4 2024 The Dangote Refinery, West Africa’s largest, is set to begin crude oil production by the fourth quarter of 2024, according to a recent report by S&P Global Commodity Insights. This significant milestone comes

October 12, 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 30

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

NNPCL, IPMAN Agree On New Petrol Price Of N995 Per Litre, Fuel Supply Resumes

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback

Fuel Price Hike: Economic Reforms At The Masses Expense

Fuel Cost: Nigerian Workers’ Income Too Low To Sustain Consumption – Chidoka

Petrol Smugglers Profited N17 Million per Truck Under Subsidy Regime – NNPCL

NNPCL Under Fire To Remove ‘Hidden Levies’ On Dangote Fuel Prices

Trekking Through Inflation: Nigerians Struggle With Rising Petrol Prices

SERAP Urges Tinubu To Reverse Second Petrol Price Hike By NNPC Pending Court Verdict

Crude Oil: Nigeria’s Blessing or Curse?

Dangote Refinery To Begin Crude Oil Production Soon

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Oil & Gas - Page 30

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