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Oil & Gas - Page 42

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·FEATURES·News·Oil & Gas

Trekking Through Inflation: Nigerians Struggle With Rising Petrol Prices

Since the fuel subsidy removal on May 29, 2023, Nigerians have faced soaring petrol prices disrupting daily life and pushing many into financial hardship. With fuel costs climbing, inflation has surged, making basic necessities, especially transportation, unaffordable for most people. This report

October 14, 2024

SERAP Urges Tinubu To Reverse Second Petrol Price Hike By NNPC Amid Ongoing Court Case

Business News·News·Oil & Gas

SERAP Urges Tinubu To Reverse Second Petrol Price Hike By NNPC Pending Court Verdict

SERAP Challenges Petrol Price Hike in Court The Socio-Economic Rights and Accountability Project (SERAP) has expressed deep concerns over the recent increase in petrol prices by the Nigerian National Petroleum Company (NNPC) Limited. In an open letter dated October 12, 2024, SERAP

October 14, 2024

Business News·FEATURES·News·Oil & Gas

Crude Oil: Nigeria’s Blessing or Curse?

Blessed with one of the most coveted resources on the planet, crude oil, Nigeria should be swimming in wealth. However, the reality on the ground paints a different picture, where the nation’s crude oil resources seem more of a burden than a

October 13, 2024

Nigeria Now Leading Cement Exporter In Africa – Dangote

Business News·News·Oil & Gas

Dangote Refinery To Begin Crude Oil Production Soon

Dangote Refinery to Start Oil Production in Q4 2024 The Dangote Refinery, West Africa’s largest, is set to begin crude oil production by the fourth quarter of 2024, according to a recent report by S&P Global Commodity Insights. This significant milestone comes

October 12, 2024

Business News·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·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 News·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 News·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·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 News·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

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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 42

Uganda Targets First Pearl Sweet Crude Export in December

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

Trekking Through Inflation: Nigerians Struggle With Rising Petrol Prices

SERAP Urges Tinubu To Reverse Second Petrol Price Hike By NNPC Pending Court Verdict

Crude Oil: Nigeria’s Blessing or Curse?

Dangote Refinery To Begin Crude Oil Production Soon

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

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