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Oil & Gas - Page 31

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·News·Oil & Gas

NNPCL Lacks Power To Fix Petroleum Prices, Says Falana

Human rights lawyer, Femi Falana, has criticised the Nigerian National Petroleum Company Limited (NNPCL) for setting petroleum prices, arguing that the practice is illegal according to the law that governs the company. Falana made this claim in response to NNPCL’s recent announcement

October 11, 2024

Business·News·Oil & Gas

PMS Market Deregulation Will Boost Supply – Edun

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has officially confirmed the full deregulation of the market structure for Premium Motor Spirit (PMS) also known as petrol. Mr Edun assured that the new market structure for PMS

October 11, 2024

Dangote Refinery To Start Processing Only Nigerian Oil By Year End

Business·Markets·Oil & Gas

Nigerian Govt Permits Marketers To Lift Petrol Directly From Dangote Refinery

In a significant shift for Nigeria’s petroleum industry, the Federal Government has approved a new system that allows petroleum marketers to lift petrol directly from the Dangote Refinery. This change bypasses the Nigerian National Petroleum Company Limited (NNPCL), marking a move towards

October 11, 2024

Barely 48 Hours After Petrol Price Hike; Food, Transportation Prices Remain Unchanged

Business·FEATURES·News·Oil & Gas

48 Hours After Petrol Price Hike: Food, Transport Costs Remain Unchanged

Petrol Price Hike Sparks Concern, but Lagos Transport and Food Prices Stay Unchanged In the wake of the latest petrol price hike by the Nigerian National Petroleum Company Limited (NNPCL) to N1,000 and N1,030 per litre, up from N897 and N900, Nigerians

October 11, 2024

Business·News·Oil & Gas

Atiku Slams Tinubu Over Hardship, Labels Him ‘T-Pain’

Former Vice President Atiku Abubakar has strongly criticised President Bola Tinubu for the ongoing economic hardship that Nigerians are facing, particularly due to the rise in fuel price. Atiku, who was the 2023 presidential candidate for the People’s Democratic Party (PDP), took

October 11, 2024

Business·FEATURES·Oil & Gas

Cost Of Living Worsens As New Petrol Price Hits Hard On Nigerians

There are concerns that the latest hike in pump price of Premium Motor Spirit (PMS) also known as petrol would further aggravate the cost of living crisis in Nigeria. Nigerians woke up on Wednesday, 9th October 2024 to the shocking news of

October 10, 2024

NNPCL Denies Inflating Fuel Subsidy Payments

Business·News·Oil & Gas

NNPCL Faces Criticism Over Selling Fuel To Marketers At N1,010

NNPCL Fuel Prices Ignite Controversy The Nigerian National Petroleum Company Limited (NNPCL) has come under fire for asking independent oil marketers to purchase fuel at higher prices than what it paid for the product from the Dangote Refinery. Marketers are now calling

October 10, 2024

imagesThe Impending Storm: Transportation Costs Set To Skyrocket As Petrol Prices Rises To Over N1,000

Business·News·Oil & Gas

The Impending Storm: Transportation Costs Set To Skyrocket As Petrol Price Rises To Over N1,000

Understanding the Price Hike Petrol price hike in Nigeria has sparked widespread concern across the nation. Transportation costs are set to skyrocket as some stations of the Nigerian National Petroleum Company Limited (NNPCL) have raised the price of petrol to N1,000 and

October 10, 2024

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

Business·News·Oil & Gas

Crude-for-Loan: Dangote Calls For End To Mortgaging Crude Oil

Dangote Advocates Halt on Crude-for-Loan Deals Aliko Dangote, the President of the Dangote Group, has urged Nigeria to stop mortgaging crude oil in exchange for loans, warning that such practices could hurt the future of local refineries. He voiced this concern at

October 9, 2024

Business·News·Oil & Gas

Breaking: NNPCL Fuel Pump Price Set For ₦1000

The Nigeria National Petroleum Company Limited (NNPCL), filling stations in Lagos have adjusted their fuel pump prices to ₦998. As queues return early this morning in parts of Lagos, many filling stations in Ikoyi are not selling. Attendants at NNPCL stations say

October 9, 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 31

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

NNPCL Lacks Power To Fix Petroleum Prices, Says Falana

PMS Market Deregulation Will Boost Supply – Edun

Nigerian Govt Permits Marketers To Lift Petrol Directly From Dangote Refinery

48 Hours After Petrol Price Hike: Food, Transport Costs Remain Unchanged

Atiku Slams Tinubu Over Hardship, Labels Him ‘T-Pain’

Cost Of Living Worsens As New Petrol Price Hits Hard On Nigerians

NNPCL Faces Criticism Over Selling Fuel To Marketers At N1,010

The Impending Storm: Transportation Costs Set To Skyrocket As Petrol Price Rises To Over N1,000

Crude-for-Loan: Dangote Calls For End To Mortgaging Crude Oil

Breaking: NNPCL Fuel Pump Price Set For ₦1000

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