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Oil & Gas - Page 44

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

Dangote Refinery: Of Hopes, Drools And Jokes

Business News·News·Oil & Gas

Dangote Refinery Set To Boost Nigeria’s Economy By Over $400bn In Six Years- Report

A report by Analysts Data Services and Resources (ADSR) Limited has predicted that the Dangote Refinery if operating optimally, will push Nigeria’s economy to $484.15 billion in the next six years. The multi-billion-dollar refinery, with a capacity of 650,000 barrels per day,

October 7, 2024

Dangote Refinery: NNPC Boss Denies Owning Blending Plant In Malta

Business News·FEATURES·News·Oil & Gas

Why Dangote Refinery Must Not Become Another Monopoly

Launching the Dangote Refinery and Petrochemicals is a milestone in Nigeria’s petroleum industry. After 10 years of development, this refinery promises to breathe new life into a sector plagued by inefficiencies, from dormant public refineries to expensive fuel imports and subsidies. The

October 6, 2024

Nigeria Needs Improved Security, Investment To Achieve Over 2 mbpd Crude Oil Production – Report

Business News·News·Oil & Gas

Naira-For-Crude Initiative Begins As Officials Remain Optimistic

The Nigerian Federal Government announced that it has officially begun selling crude oil and refined petroleum products in naira, an initiative that took effect on October 1, 2024. The move is aimed at reducing pressure on the country’s foreign exchange reserves and

October 6, 2024

Business News·News·Oil & Gas

NNPCL Begins Crude Oil Sales In Naira To Dangote, Other Local Refineries

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has announced that the sale of crude oil in naira to Dangote Refinery and other local refiners has officially kicked off with effect from 1st October. Edun said the commencement

October 5, 2024

Imo, Zamfara, Abia Record Lowest VAT In August

Business News·News·Oil & Gas

List Of 63 Items Exempted From VAT In New Fiscal Reforms

The Federal Government of Nigeria has recently announced a significant update to its fiscal policy by exempting 63 items from Value-Added Tax (VAT). This move is part of the government’s broader strategy to implement tax reforms aimed at stimulating economic growth and

October 5, 2024

Business News·News·Oil & Gas

Naira-for-Crude Deal Delayed Despite October 1 Deadline

Naira-for-Crude supply yet to commence The much-anticipated Naira-for-Crude deal between the Nigerian National Petroleum Company Limited (NNPC) and the Dangote Petroleum Refinery, expected to start on October 1, 2024, has been delayed. As of Thursday, October 3, crude supply in exchange for

October 4, 2024

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

Business News·News·Oil & Gas·World News

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

Saudi Arabia has issued a serious warning to its fellow members of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, commonly known as OPEC+. The Kingdom warned that oil prices could fall as low as $50 per barrel if

October 3, 2024

Business News·News·Oil & Gas

Nigerian Government Exempts VAT On Diesel, LNG, CNG, Electric Vehicles To Lower Energy Costs

FG Announces VAT Exemption for Diesel, LNG, CNG, and Electric Vehicles The Federal Government has introduced a new value added tax (VAT) exemption on energy products, including diesel, Liquefied Natural Gas (LNG), Compressed Natural Gas (CNG), and electric vehicles. This move is

October 3, 2024

Oil Prices Surge Amid Middle East Conflict Fears, Brent Crude Nears $80 Per Barrel

Business News·News·Oil & Gas·World News

Oil Prices Rise After Iran Launches Attack On Israel

Oil prices have risen sharply as escalating tensions between Iran and Israel raise concerns over potential disruptions to crude production. Brent crude futures increased by $1, or 1.36%, reaching $74.56 per barrel in early trading. The U.S. West Texas Intermediate (WTI) crude

October 2, 2024

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

Business News·News·Oil & Gas

Petrol Import Dropped By 13.77% In 2023 – NBS

Importation of Premium Motor Spirit (PMS) also known as petrol in Nigeria dropped by 13.77 per cent from 23.54 billion litres in 2022 to 20.30 billion litres in 2023. This means PMS importation decreased by 3.5 billion litres last year. This was

October 2, 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 44

Uganda Targets First Pearl Sweet Crude Export in December

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

Dangote Refinery Set To Boost Nigeria’s Economy By Over $400bn In Six Years- Report

Why Dangote Refinery Must Not Become Another Monopoly

Naira-For-Crude Initiative Begins As Officials Remain Optimistic

NNPCL Begins Crude Oil Sales In Naira To Dangote, Other Local Refineries

List Of 63 Items Exempted From VAT In New Fiscal Reforms

Naira-for-Crude Deal Delayed Despite October 1 Deadline

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

Nigerian Government Exempts VAT On Diesel, LNG, CNG, Electric Vehicles To Lower Energy Costs

Oil Prices Rise After Iran Launches Attack On Israel

Petrol Import Dropped By 13.77% In 2023 – NBS

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