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Oil & Gas - Page 49

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·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·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 News·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·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

Dangote Refinery Reduces Ex-depot Price Of Diesel To ₦1,020 Per Litre

Business News·News·Oil & Gas

Dangote Refinery Rolls Out First PMS Products

Dangote Refinery has finally begun refining Premium Motor Spirit (PMS) also known as petrol. President of Dangote Group, Aliko Dangote, made a presentation of the first sample of petrol produced from the refinery on Tuesday. This comes after a series of postponements

September 3, 2024

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

Business News·News·Oil & Gas

Petrol Price To Hit N1,300, NNPC Faces Financial Strain

The price of petrol in Nigeria is on the verge of a significant increase, with estimates suggesting it could reach N1,300 per litre. This rise is attributed to the financial challenges faced by the Nigerian National Petroleum Company (NNPC) Limited, which is

September 3, 2024

Business News·News·Oil & Gas

NNPCL Admits Financial Strain Amid Rising PMS Supply Costs

NNPC Faces Financial Challenges Due to Rising Supply Costs NNPC Ltd. is facing significant financial pressure due to rising Premium Motor Spirit (PMS) supply costs. This situation is putting a strain on the company’s ability to maintain a stable fuel supply, raising

September 2, 2024

Business News·News·Oil & Gas

Nigerians Groan As Price Of Cooking Gas Rises 16.7% To N1,400/kg In 1 Month

The price of Liquefied Petroleum Gas (LPG), also known as cooking gas, has risen to N1,400 per kilogram (Kg) this month, reflecting 16.7 per cent, month-on-month increase from N1,200 in July. Prime Business Africa’s checks revealed that 5kg has risen to N7,000

August 29, 2024

Business News·News·Oil & Gas

NNPCL Would Be Mini Aramco Today If Set Up Like NLNG – Expert

Financial analyst and educator, Kalu Aja, has asserted that the Nigeria National Petroleum Company Limited (NNPCL) could have become at least a mini ARAMCO if it was set up like the Nigeria Liquefied Natural Gas (NLNG) Limited. Aramco is the Saudi Arabian

August 27, 2024

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Business News·News·Oil & Gas

Nigeria’s Crude Oil Production Declines To 1.4mbpd In Q2 – NBS

NBS Report Highlights Drop in Crude Oil Production The Nigeria Bureau of Statistics (NBS) has released its quarterly Gross Domestic Product (GDP) report for 2024, revealing a decline in Nigeria’s crude oil production. According to the report, the average daily crude oil

August 27, 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 49

Uganda Targets First Pearl Sweet Crude Export in December

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

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

Dangote Refinery Rolls Out First PMS Products

Petrol Price To Hit N1,300, NNPC Faces Financial Strain

NNPCL Admits Financial Strain Amid Rising PMS Supply Costs

Nigerians Groan As Price Of Cooking Gas Rises 16.7% To N1,400/kg In 1 Month

NNPCL Would Be Mini Aramco Today If Set Up Like NLNG – Expert

Nigeria’s Crude Oil Production Declines To 1.4mbpd In Q2 – NBS

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