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Oil & Gas - Page 36

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

I’m Ready To Lose Money To Give Nigerians Cheap Fuel – Dangote

President of Dangote Group, Alhaji Aliko Dangote, has said he is ready to endure economic losses to ensure that Nigerians get cheap fuel supply. As part of the agreements reached with the Nigeria National Petroleum Company Limited (NNPCL), Dangote has accepted to

September 14, 2024

Dangote Refinery: Of Hopes, Drools And Jokes

Business·Oil & Gas

NNPCL Will Be Sole Offtaker Of Dangote Refinery Petrol – Nigerian Govt

The Nigerian government has said all arrangements have been concluded for the sale of crude oil in naira to Dangote Refinery and other local refineries and also sale of refined petroleum products in naira. It also clarified that Dangote Refinery will sell

September 14, 2024

Fuel Price Racketeering: Dangote Must Do More for Nigerians

Business·News·Oil & Gas

Marketers To Start Lifting Petrol From Dangote Refinery On Sunday

Dangote Refinery commences distribution of 25 million litres of refined petrol to retail outlets The long-anticipated operation of Dangote Refinery begins this Sunday, with the refinery delivering 25 million litres of refined petrol to retail outlets across Nigeria. This move promises to boost

September 14, 2024

Business·Finance & Economy·News·Oil & Gas

Nigerians Accuse NNPCL Of Attempting To Hijack Dangote Refinery

Nigerians have reacted to the demand by the Nigeria National Petroleum Company Limited (NNPCL) to have a permanent presence at the Dangote Refinery in Lagos, as part of a proposed crude oil supply deal. They expressed misgivings about the new arrangement between

September 13, 2024

Saudi Arabia Issues Warning Of $50 Oil Price If OPEC+ Nations Fail To Comply

Business·News·Oil & Gas

OPEC: Nigeria’s Oil Production Rises By 3.4% In August As Global Demand Outlook Adjusted

Nigeria sees oil production increase in August Nigeria’s daily crude oil production rose by 3.4% in August, bringing its output to 1.352 million barrels per day (bpd), according to the latest monthly report by the Organisation of Petroleum Exporting Countries (OPEC). This

September 11, 2024

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

Business·News·Oil & Gas

Petrol Price Delay Sparks Concern Among Marketers As Import Costs Rise

Marketers Concerned Over Petrol Price Delay Oil marketers in Nigeria are growing anxious about the delay in announcing the price of Premium Motor Spirit (PMS), commonly known as petrol, produced by the Dangote Petroleum Refinery. With the current landing cost of imported

September 10, 2024

N15 Reduction Is Insignificant- Nigerians React As NNPCL Reduces Petrol Price To N945/ Litre

Business·News·Oil & Gas

TUC Urges Special FX Rate For NNPCL To Cut Petrol Prices

TUC Calls for Special FX Rate to Reduce Petrol Prices The Trade Union Congress (TUC) has urged the Central Bank of Nigeria (CBN) and the Nigeria Customs Service (NCS) to implement a special foreign exchange rate (Fx rate) for the Nigerian National

September 10, 2024

NCDMB Debunks Report On Alleged N7.7bn Expenditure On Consultancy

News·Oil & Gas

NCDMB Hails Nigerian Content Achievements In NLNG’s Train 7 Project

Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has applauded the significant achievement recorded with the adoption of the Nigerian Content policy in the Nigeria LNG Limited (NLNG) Train 7 Project. Engr Ogbe gave the

September 7, 2024

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

Business·News·Oil & Gas

Petrol Prices Influenced By Forex, Market Forces – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has stated that foreign exchange (forex) crisis has been a significant factor influencing the changes in price of Premium Motor Spirit (PMS) in the country. Speaking on TVC News “Journalists’ Hangout” show on Thursday, the Executive

September 6, 2024

Business·News·Oil & Gas

We’ve Enough Petrol Supply, Minister Insists, Despite Scarcity

Despite the lingering scarcity and hike in price of petrol, Nigeria’s Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has said there is sufficient supply of petrol in the country. The minister stated this on Thursday, while briefing newsmen after a meeting

September 6, 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 36

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

I’m Ready To Lose Money To Give Nigerians Cheap Fuel – Dangote

NNPCL Will Be Sole Offtaker Of Dangote Refinery Petrol – Nigerian Govt

Marketers To Start Lifting Petrol From Dangote Refinery On Sunday

Nigerians Accuse NNPCL Of Attempting To Hijack Dangote Refinery

OPEC: Nigeria’s Oil Production Rises By 3.4% In August As Global Demand Outlook Adjusted

Petrol Price Delay Sparks Concern Among Marketers As Import Costs Rise

TUC Urges Special FX Rate For NNPCL To Cut Petrol Prices

NCDMB Hails Nigerian Content Achievements In NLNG’s Train 7 Project

Petrol Prices Influenced By Forex, Market Forces – NNPCL

We’ve Enough Petrol Supply, Minister Insists, Despite Scarcity

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Oil & Gas - Page 36

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