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Oil & Gas - Page 31

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·News·Oil & Gas

Why Crude-for-Loan Deals Could Tie Nigeria’s Oil Production Until 2029

The Nigerian National Petroleum Company Limited (NNPCL) may continue servicing its crude-for-loan obligations until 2029 due to rising domestic demand for oil from local refineries. As Nigeria’s refining capacity expands, particularly with the Port Harcourt and Warri refineries coming online and the

January 6, 2025

SERAP Demands Accountability For N825bn, $2.5bn Refinery Repairs Fund From NNPCL

Business News·News·Oil & Gas

Account For ‘Missing’ N825b, $2.5b Refinery Funds, SERAP Tells NNPCL

The Socio-Economic Rights and Accountability Project (SERAP) has urged the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, to account for the missing N825 billion and $2.5 billion allocated for refinery repairs and other oil-related revenues.

January 6, 2025

Nigerian Govt Should Privatize Refineries, Invest In CNG - Oil Marketers

Business News·News·Oil & Gas

Nigerian Govt Should Privatise Refineries, Invest In CNG – Oil Marketers

Oil marketers, under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have urged the Federal Government to privatise state-owned refineries to enhance efficiency and reduce government expenditure. In their 2024 retrospect and outlook for 2025 document, PETROAN emphasised the importance

January 5, 2025

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Business News·News·Oil & Gas·World News

Global Oil Prices Rise By $74.80/barrel As Investors Eye China, U.S. Policies

Global oil prices showed a minor increase on the first trading day of 2025, reflecting cautious optimism among investors. Brent crude futures rose by 17 cents, reaching $74.80 per barrel by 0547 GMT. Similarly, U.S. West Texas Intermediate (WTI) crude climbed 19

January 2, 2025

News·Oil & Gas

Warri, PH Refineries Resumption: Experts Raise Concerns About Crude Supply Amid Crude-backed Loans

As the Nigerian government celebrates the resumption of operations by Port Harcourt and Warri refineries, experts have raised concerns about the guarantee of steady supply of crude oil to the refineries given the foreign loans tied to crude. They, therefore submitted that

December 31, 2024

Nigerians Divide As Warri Refinery Resumes Operation

Business News·News·Oil & Gas

Nigerians Disagree As NNPCL Reports Warri Refinery Working

The Nigerian National Petroleum Company Limited (NNPCL) has announced the partial resumption of operations at the 125,000-barrel-per-day Warri Refinery, sparking mixed reactions from Nigerians. The Warri Refining and Petrochemical Company (WRPC), located in Delta State, had been dormant for years due to

December 30, 2024

FEATURES·Oil & Gas

Major Events That Shaped Nigeria’s Oil and Gas Sector In 2024

Nigeria’s oil and gas sector recorded a couple of activities which led to significant changes in the upstream, and downstream. Tinubu’s executive orders on oil and gas sector reforms President Bola Tinubu had on 28th February 2024, signed three Executive Orders as

December 28, 2024

Business News·News·Oil & Gas·World News

Global Oil Prices Rise To $73.05/ Barrel As Market Prepares For 2024 Outlook

Global oil prices rose on Tuesday, recovering from earlier losses. Brent crude futures gained $0.42, settling at $73.05 a barrel, while U.S. West Texas Intermediate (WTI) crude added $0.38 to reach $69.62 a barrel. Analysts attributed the slight increase to improved market

December 24, 2024

What Happens If NNPC Ends Naira-for-Crude? Risks, Alternatives

Business News·FEATURES·News·Oil & Gas

Fuel Price Reductions: Are Consumers Really Benefiting?

In recent weeks, Nigeria has witnessed a series of reductions in the price of premium motor spirit (PMS), commonly referred to as petrol. The Nigerian National Petroleum Company (NNPC) led this adjustment, lowering its retail price to N965 per litre in Abuja,

December 24, 2024

Addressing Forex Instability and Fuel Costs

Business News·News·Oil & Gas

Just In: NNPCL Drops Fuel Price To N965 In Abuja

The Price of petrol, commonly known as premium motor spirit (PMS), has been reduced to N965 per litre at Nigerian National Petroleum Company (NNPC) outlets in the Federal Capital Territory (FCT). This marks the second reduction in less than two weeks, following

December 23, 2024

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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 31

Uganda Targets First Pearl Sweet Crude Export in December

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

Why Crude-for-Loan Deals Could Tie Nigeria’s Oil Production Until 2029

Account For ‘Missing’ N825b, $2.5b Refinery Funds, SERAP Tells NNPCL

Nigerian Govt Should Privatise Refineries, Invest In CNG – Oil Marketers

Global Oil Prices Rise By $74.80/barrel As Investors Eye China, U.S. Policies

Warri, PH Refineries Resumption: Experts Raise Concerns About Crude Supply Amid Crude-backed Loans

Nigerians Disagree As NNPCL Reports Warri Refinery Working

Major Events That Shaped Nigeria’s Oil and Gas Sector In 2024

Global Oil Prices Rise To $73.05/ Barrel As Market Prepares For 2024 Outlook

Fuel Price Reductions: Are Consumers Really Benefiting?

Just In: NNPCL Drops Fuel Price To N965 In Abuja

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