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Oil & Gas - Page 33

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

Tinubu Hails Shell, Partners' $5bn Deepwater Project In Nigeria's Energy Sector

Business News·News·Oil & Gas

Tinubu Hails Shell, Partners’ $5bn Investment In Nigeria’s Oil Sector

President Bola Ahmed Tinubu has hailed Shell and its partners’ $5 billion investment in the Bonga North Deep Offshore Field, marking a major step forward for Nigeria’s energy sector. This investment, announced with the Final Investment Decision (FID) on the project, is

December 16, 2024

Addressing Forex Instability and Fuel Costs

Business News·FEATURES·News·Oil & Gas

NNPCL’s 2% Fuel Price Reduction Not Enough ‘Christmas Gift’, Nigerians React

Many Nigerians are unhappy with what appears a paltry reduction of petrol pump price as ‘Christmas Gift’ by the country’s national oil company. Recently, The Independent Petroleum Marketers Association of Nigeria (IPMAN) urged the Dangote Refinery to lower its ex-depot price from N970 per litre,

December 16, 2024

Business News·News·Oil & Gas

IPMAN Urges Dangote Refinery To Cut Petrol Price, Cites Drop In Landing Cost

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Dangote Refinery to reduce its petrol prices. The association’s plea comes after the estimated cost of landing petrol in Nigeria dropped to N900.28 per litre, while the current ex-depot price

December 15, 2024

Yuletide: Nigerians React To Petrol Price Shift As Experts Debate Domestic Refining vs Imports

Business News·FEATURES·News·Oil & Gas

Yuletide: Nigerians React To Petrol Price Shift, Experts Debate Domestic Refining vs. Imports

The recent reduction in the landing cost of petrol to N900.28 per litre has sparked diverse reactions among Nigerians. While some view it as a sign of possible retail price relief for the festive season, others remain skeptical about its impact on

December 14, 2024

Business News·News·Oil & Gas

Petrol Landing Cost Drops By N36, Offering Some Relief Amid High Prices

The cost of landing petrol in Nigeria has dropped by N36, reaching N900.28 per litre on Thursday, December 12, 2024. This price reduction, reported by the Major Energies Marketers Association of Nigeria, represents a 3.62% decline from the previous cost of N936.75

December 13, 2024

Business News·News·Oil & Gas

Port Harcourt Refinery Rehabilitation Is over 90% completed — NNPCL Confirms

The Nigeria National Petroleum Company Limited (NNPCL) has announced that the New Port Harcourt Refinery (NPHR) is over 90% complete, with expectations to boost Nigeria’s local refining capacity. This update was shared by Mele Kyari, the Group Chief Executive Officer (GCEO) of

December 10, 2024

Business News·News·Oil & Gas

Equinor Ends Operation In Nigeria After 30 Years, Sells $2bn Asset

Equinor has completed the sale of its stakes in Nigeria and Azerbaijan for a total of up to $2 billion. This move ends the Norwegian energy company’s 30-year presence in both countries as it seeks to streamline its global operations. The company

December 9, 2024

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

Business News·News·Oil & Gas

Marketers Assure Petrol Price Drop, Zero Scarcity During Yuletide

Petroleum marketers have assured that there will be price reduction and zero scarcity of petroleum products nationwide, especially Premium Motor Spirit (PMS), during the Yuletide season. Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) gave the assurance after signing a deal

December 7, 2024

Port Harcourt Refinery Shutdown: Marketers Call On Minister, NNPCL GCEO To Intervene

Business News·News·Oil & Gas

Work Ongoing On 150,000bpd Second Port Harcourt Refinery – Presidency

The presidency has confirmed that work is progressing steadily on the 150,000 barrels per day (bpd) plant of the Port Harcourt Refinery in Rivers State. Special Adviser on Information and Strategy to President Bola Tinubu, Mr. Bayo Onanuga, shared this update after

December 6, 2024

PMS Price: Marketers Raise Concerns Over Epileptic Fuel Supply

Business News·News·Oil & Gas

How Marketers Import 2.3bn Litres of Fuel In 3 Months Despite Local Refinery Operations

Marketers Persist with Fuel Imports Despite the operational launch of two major refineries in Nigeria, the Dangote Petroleum Refinery and the Port Harcourt Refining Company, oil marketers have continued to import fuel. Between September 11 and December 5, 2024, a total of

December 5, 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 33

Uganda Targets First Pearl Sweet Crude Export in December

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

Tinubu Hails Shell, Partners’ $5bn Investment In Nigeria’s Oil Sector

NNPCL’s 2% Fuel Price Reduction Not Enough ‘Christmas Gift’, Nigerians React

IPMAN Urges Dangote Refinery To Cut Petrol Price, Cites Drop In Landing Cost

Yuletide: Nigerians React To Petrol Price Shift, Experts Debate Domestic Refining vs. Imports

Petrol Landing Cost Drops By N36, Offering Some Relief Amid High Prices

Port Harcourt Refinery Rehabilitation Is over 90% completed — NNPCL Confirms

Equinor Ends Operation In Nigeria After 30 Years, Sells $2bn Asset

Marketers Assure Petrol Price Drop, Zero Scarcity During Yuletide

Work Ongoing On 150,000bpd Second Port Harcourt Refinery – Presidency

How Marketers Import 2.3bn Litres of Fuel In 3 Months Despite Local Refinery Operations

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