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Oil & Gas - Page 51

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

NNPC Seeks New $2 Billion Oil-Backed Loan To Boost Finances

Business News·News·Oil & Gas

Fuel Crisis: NNPCL’s Promises Fail To Ease Black Market Surge

Black Market Thrives Amid Fuel Scarcity The Nigerian National Petroleum Company Limited (NNPCL) promised to end the queues for Premium Motor Spirit (PMS), commonly known as petrol, by mid-week. However, the black market for PMS thrived on Sunday as the scarcity persisted.

August 19, 2024

Business News·News·Oil & Gas

NNPCL Opens Up On Allegations Of $6.8bn Debt, Remittances To Federation Account

The Nigeria National Petroleum Company Limited (NNPCL) has denied allegations that it is owing international oil traders about $6.8 billion. The national oil company also said it is not true that it has not remitted revenues to the Federation Account since January

August 19, 2024

News·Oil & Gas

Minister Of Power Hails Savannah’s Investment In Nigeria’s Energy Sector

Minister of Power, Adebayo Adelabu, has applauded Savannah Energy, the British independent energy company ,for its investment in Nigeria’s energy sector, as well as its contribution to the growth of the domestic gas market to support national development. The Minister made the

August 17, 2024

Business News·News·Oil & Gas

Matrix Energy Counters Claim Of Importing Substandard Petrol, Diesel

Matrix Energy Group has said its products have always complied with approved specifications, refuting allegations that it imports substandard petroleum products into Nigeria. The indigenous oil marketing company said it has been importing petroleum products for more than two decades and none

August 17, 2024

Business News·News·Oil & Gas

Dangote: We Didn’t Discuss Petrol Price With IPMAN, Denies Fixing ₦600/Litre

The Dangote Petroleum Refinery has refuted claims of fixing petrol price at ₦600 per litre. A report had claimed that independent petroleum marketers projected that petrol to be supplied from the refinery would be sold at ₦600 per litre. However, the Dangote

August 14, 2024

NNPCL Crude Sales In Naira Will Boost Economy - Nigerian Govt

Business News·News·Oil & Gas

How NNPCL Crude Sales In Naira Will Boost Economy

Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Tuesday held a strategic meeting with relevant stakeholders in Abuja to ensure implementation of President Bola Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude

August 14, 2024

Business News·News·Oil & Gas

Nigeria’s Crude Oil Production Surges To 1.3mbpd In July

Nigeria’s average daily crude oil production increased to 1.307 million barrels per day (mbpd) in July. This was revealed in the Organisation of the Petroleum Exporting Countries (OPEC) monthly Oil Market Report for August 2024 released on Monday. According to OPEC’s report,

August 13, 2024

Kaduna Refinery: The Role Of Local Refining In Nigeria's Fuel Economy

Business News·News·Oil & Gas

Dangote: No Refinery Across The World Depends On Domestic Crude Oil Supply – Kachikwu

Amid the ongoing face-off between the Dangote Refinery Limited and the regulators in Nigeria’s oil and gas sector over domestic crude oil supply obligation, businessman and media entrepreneur, Dumebi Kachikwu, has said no refinery in the world depends on local producers for

August 13, 2024

Elumelu’s Transcorp Power Records 55.4% Revenue Increase In Q1

Business News·News·Oil & Gas

Elumelu To Nigerian Govt: Tell Us Those Behind Oil Theft

The Chairman Of United Bank for Africa and Heirs Holdings, Tony Elumelu, has charged the Federal Government and security operatives to tell Nigerians those behind oil theft, which has over the years kept crude production below output target. The billionaire business and

August 11, 2024

Presidency Foreign Trips: Tinubu Fiddles While Nigeria Burns – Atiku

News·Oil & Gas

We Must Stand Against Attempts To Frustrate Dangote Refinery – Atiku Charges Nigerians

Former Nigeria’s Vice President, Atiku Abubakar, has called for a decisive stand against any attempt to frustrate the Dangote Refinery. According to Atiku, the Dangote Refinery is “a significant private sector project positioned to meet our energy and forex needs,” and warned

August 11, 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 51

Uganda Targets First Pearl Sweet Crude Export in December

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

Fuel Crisis: NNPCL’s Promises Fail To Ease Black Market Surge

NNPCL Opens Up On Allegations Of $6.8bn Debt, Remittances To Federation Account

Minister Of Power Hails Savannah’s Investment In Nigeria’s Energy Sector

Matrix Energy Counters Claim Of Importing Substandard Petrol, Diesel

Dangote: We Didn’t Discuss Petrol Price With IPMAN, Denies Fixing ₦600/Litre

How NNPCL Crude Sales In Naira Will Boost Economy

Nigeria’s Crude Oil Production Surges To 1.3mbpd In July

Dangote: No Refinery Across The World Depends On Domestic Crude Oil Supply – Kachikwu

Elumelu To Nigerian Govt: Tell Us Those Behind Oil Theft

We Must Stand Against Attempts To Frustrate Dangote Refinery – Atiku Charges Nigerians

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