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Oil & Gas - Page 6

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

President Tinubu has nominated new chief executives for Nigeria’s petroleum regulatory agencies following the resignation of the heads of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), developments that come amid intense controversy

December 18, 2025

Business·Oil & Gas

NUPRC Fails To Achieve 50% Of 2025 Revenue Target In H1

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recorded 34.7 per cent of its 2025 revenue target in the first half of the year (January–June 2025), generating ₦5.21 trillion from crude oil, gas sales, and related activities. This falls short of the proportional mid-year benchmark needed to meet

August 13, 2025

Business·Oil & Gas

Nigeria Exceeds OPEC Quota For Third Time In 2025

Nigeria has indeed exceeded its OPEC oil production quota of 1.5 million barrels per day for the third time in 2025, according to recent reports. The first was in January and the second in June. OPEC’s latest Monthly Oil Market Report, released on

August 13, 2025

News·Oil & Gas

Dangote Refinery Cuts Petrol Price To ₦820/Litre, Escalates Price War In Fuel Market

The Dangote Petroleum Refinery has reduced its ex-depot price of Premium Motor Spirit (PMS) from ₦850 to ₦820 per litre, a move expected to intensify competition in Nigeria’s fuel market and potentially ease pump prices for consumers. Group Chief Branding and Communications

August 12, 2025

Business·Oil & Gas

Dangote Refinery Denies Shutdown, Assures Daily Supply

The Dangote Petroleum Refinery has denied rumours of a shutdown, affirming that it remains fully operational and continues to supply significant volumes of fuel daily. The refinery’s management, through a statement signed by its Group Chief Branding and Communications Officer, Anthony Chiejina,

August 9, 2025

Business·Oil & Gas

Fresh Concerns As Dangote Refinery Hikes Ex-depot PMS Price

The recent hike in Premium Motor Spirit (PMS) price by the Dangote Petroleum Refinery has sparked fresh concerns among Nigerians, amid rising global oil prices and geopolitical tension. The 650,000 barrels per day refinery increased its ex-depot price of PMS to N852 per

August 8, 2025

Business·Oil & Gas

NNPCL Slashes PMS Price By N55 In 48 Hours

The Nigerian National Petroleum Company Limited (NNPCL) has slashed the pump price of its Premium Motor Spirit (PMS), also known as petrol, 48 hours after increasing it across retail outlets. In Abuja, the Federal Capital Territory, NNPC retail outlets reduced the PMS

August 6, 2025

Business·Oil & Gas

Dangote Refinery Fuel Distribution: Expert Urges Fair Competition To Protect Marketers

As Dangote refinery finalises plans to begin direct distribution of petroleum products to end-users, oil and gas expert, Olabode Sowunmi, has called on regulatory authorities in the downstream sector to ensure fair competition to protect marketers. Sowunmi made the call while commenting

August 5, 2025

Business·News·Oil & Gas

Nigeria’s Daily Oil Output Rises Above 1.8 Million Barrels, Highest In 3 Years

Nigeria’s crude oil production climbed to over 1.8 million barrels per day (bpd) in July, marking the country’s highest output in more than three years. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) confirmed the figures. NUPRC Chief Executive, Gbenga Komolafe, attributed the

August 4, 2025

FEATURES·Oil & Gas

Dangote Fuel Distribution Strategy: Between Monopoly Concerns And Market Competition

The Dangote Petroleum Refinery’s plan to launch direct fuel distribution has sparked intense debate in Nigeria’s downstream petroleum sector, regarding efficiency and fears of market domination. The $20 billion Dangote Refinery, with its 650,000 barrel-per-day capacity, had in June announced plans to begin direct

August 4, 2025

Business·Oil & Gas

PETROAN Urges Tinubu To Order Privatisation Of Port Harcourt Refinery

The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has strongly criticized the Nigerian National Petroleum Company Limited (NNPCL) for reversing its earlier consideration to privatize the Port Harcourt Refining Company (PHRC). PETROAN called on President Bola Tinubu to approve the

August 1, 2025

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SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

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Oil & Gas - Page 6

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

NUPRC Fails To Achieve 50% Of 2025 Revenue Target In H1

Nigeria Exceeds OPEC Quota For Third Time In 2025

Dangote Refinery Cuts Petrol Price To ₦820/Litre, Escalates Price War In Fuel Market

Dangote Refinery Denies Shutdown, Assures Daily Supply

Fresh Concerns As Dangote Refinery Hikes Ex-depot PMS Price

NNPCL Slashes PMS Price By N55 In 48 Hours

Dangote Refinery Fuel Distribution: Expert Urges Fair Competition To Protect Marketers

Nigeria’s Daily Oil Output Rises Above 1.8 Million Barrels, Highest In 3 Years

Dangote Fuel Distribution Strategy: Between Monopoly Concerns And Market Competition

PETROAN Urges Tinubu To Order Privatisation Of Port Harcourt Refinery

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