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Oil & Gas - Page 37

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·FEATURES·Oil & Gas

How Strong Competitive Market Will Stabilise Fuel Price In Nigeria

As Nigerians grapple with scarcity and high price of fuel, it has been emphasised that only a fully deregulated market with perfect competition, would facilitate increased supply, and make the commodity stable and affordable in the country. With four major government-owned refineries

September 5, 2024

Business·Markets·News·Oil & Gas

NNPCL’s $6.8 Billion Debt Crisis Sparks Calls for Urgent Privatisation

The Nigerian National Petroleum Company Limited (NNPCL) has found itself at the centre of a financial and operational crisis that has left Nigerians reeling from the consequences. The NNPCL, once hailed as Nigeria’s most valuable asset, is now being viewed by many

September 5, 2024

Dangote Refinery Debunks Report On Reselling Imported Crude

Business·News·Oil & Gas

Price Hike: Dangote Refinery Won’t Sell Petrol At A Loss – Expert

Dangote Refinery is expected to prioritise profit despite high fuel prices in Nigeria, according to energy expert, Olabode Sowunmi. Speaking on ARISE News on Wednesday, Olabode Sowunmi, Chairman of the Energy Transition Study Group at the Nigerian Gas Association, addressed these concerns.

September 4, 2024

Fuel Price Racketeering: Dangote Must Do More for Nigerians

Business·News·Oil & Gas

Dangote Refinery To Supply 25 Million Litres Of Petrol Daily In Sept – NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said Dangote Refinery will supply the Nigerian market with 25 million litres of petrol daily this September. The downstream regulator added that the $20 billion refinery will subsequently increase the supply to

September 4, 2024

Why We Resort To Importing Crude From U.S. – Dangote

Business·News·Oil & Gas

Dangote Refinery’s Naira-For-Crude Deal To Cut Dollar Demand By 40%

Dangote Refinery’s naira-for-crude strategy aims to reduce Nigeria’s dollar demand by 40%, according to Aliko Dangote. He praises Tinubu’s energy plan. Dangote Refinery’s Impact on Nigeria’s Dollar Demand The Dangote Refinery is set to revolutionise Nigeria’s energy sector by reducing the country’s

September 4, 2024

NLC Accuses Tinubu Of Betrayal As Fuel Prices Rise, Demands Immediate Reversal

Business·News·Oil & Gas

NLC Accuses Tinubu Of Betrayal Over Fuel Price Hike, Demands Immediate Reversal

The hike in fuel prices has sparked a wave of outrage across Nigeria, with the Nigeria Labour Congress (NLC) branding President Bola Tinubu a “betrayer” of the people. The NLC, which represents the interests of workers nationwide, expressed its strong disapproval in

September 3, 2024

Business·News·Oil & Gas

Marketers Halt Sales In Ogun As Dangote Refinery Rolls Out Petrol

Several filling stations in Ogun State abruptly stopped selling Premium Motor Spirit (PMS) on Tuesday, following Dangote Refinery’s announcement that it was ready to release locally refined petrol products in “48 hours.” Many motorists in Ijebu Ode were stranded on Tuesday as

September 3, 2024

Business·News·Oil & Gas

Lagos Residents Lament As High Fuel Price Triggers Transportation Chaos

Fuel prices have skyrocketed in Lagos, creating a scarcity that has disrupted daily life and led to an unprecedented increase in transportation costs. As filling stations across the city struggle to meet demand, residents are left grappling with the financial burden of

September 3, 2024

Oando Plc's Share Price Rise By %1,286% In One Year, Market Cap Crosses N1trn

Business·Markets·News·Oil & Gas

Oando Share Price Rises By 1,286% In One Year, Market Cap Crosses N1trn

Oando Plc has made a climb on the Nigerian Exchange Limited (NGX), reflecting a 1,286 per cent gain in its share price from September 4, 2023, to September 2, 2024. The stock closed at N84.55, up from N6.10 just a year earlier.

September 3, 2024

Dangote Refinery: Of Hopes, Drools And Jokes

Business·News·Oil & Gas

Our Refinery’s Capacity Will Meet Nigeria, Sub-Saharan Petrol Demands – Dangote

Aliko Dangote, the chairman of Dangote Group, has announced that the Dangote Refinery, with a capacity of 650,000 barrels per day, is set to satisfy the petrol demands in Nigeria and across the entire sub-Saharan region. This statement was made during a

September 3, 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 37

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

How Strong Competitive Market Will Stabilise Fuel Price In Nigeria

NNPCL’s $6.8 Billion Debt Crisis Sparks Calls for Urgent Privatisation

Price Hike: Dangote Refinery Won’t Sell Petrol At A Loss – Expert

Dangote Refinery To Supply 25 Million Litres Of Petrol Daily In Sept – NMDPRA

Dangote Refinery’s Naira-For-Crude Deal To Cut Dollar Demand By 40%

NLC Accuses Tinubu Of Betrayal Over Fuel Price Hike, Demands Immediate Reversal

Marketers Halt Sales In Ogun As Dangote Refinery Rolls Out Petrol

Lagos Residents Lament As High Fuel Price Triggers Transportation Chaos

Oando Share Price Rises By 1,286% In One Year, Market Cap Crosses N1trn

Our Refinery’s Capacity Will Meet Nigeria, Sub-Saharan Petrol Demands – Dangote

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Oil & Gas - Page 37

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