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Oil & Gas - Page 60

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

Fuel Scarcity: We’ve Adequate Stock, NNPCL, Marketers Assure, Promise To Clear Queues By Wednesday

Amid the raging fuel scarcity in parts of Nigeria, the Nigerian National Petroleum Company Limited (NNPCL), and the Major Energies Marketers Association of Nigeria (MEMAN) have assured that there is adequate stock of Premium Motor Spirit (PMS) also known as petrol for

April 30, 2024

Fuel Price Chaos: From N195 To N1,200 In Less Than 2years Amid Economic Hardship

Business News·News·Oil & Gas

Fuel Scarcity: Queues, Hikes in Transport Fares Return As Petrol Near N1000/litre

Petrol queues, crowded bus stops, traffic, and hikes in transport fares have returned to most states in Nigeria, with residents resorting to buying petrol in jerrycans, fondly referred to as ‘kegs’ as black market prices soar towards N1000 per litre due to

April 30, 2024

Oil & Gas·Opinion

Tinubu’s Lingering Fuel Subsidy Argument: Some Ordinary Man’s Questions

At the World Economic Forum in Riyadh, Saudi Arabia, Sunday, Nigeria’s President, Bola Tinubu, argued that subsidy removal saved Nigeria from bankruptcy. Continued payment of subsidy by government would have impoverished the country, according to Tinubu

April 29, 2024

Business News·Oil & Gas

NNPC Not Giving Accurate Information About PH Refinery Rehabilitation – Expert

Petroleum engineer, Mr Martin Onovo, has alleged that the Nigeria National Petroleum Company Limited (NNPCL) has not been providing accurate information about the status of ongoing rehabilitation of the Port Harcourt refinery. His comment comes amid worries expressed by Nigerians over the

April 29, 2024

Buhari, Jonathan, Shettima Others Celebrate Tinubu At 73

Business News·News·Oil & Gas

How Fuel Subsidy Removal Saved Nigeria From Bankruptcy- Tinubu

President Bola Tinubu has defended his administration’s decision to discontinue fuel subsidy payments, stating that it was a necessary action to prevent Nigeria from going bankrupt. Speaking at the Special World Economic Forum in Riyadh, Saudi Arabia, Tinubu acknowledged that the policy

April 29, 2024

Business News·News·Oil & Gas

Why SERAP sues NNPC Over Failure To Account For $2.04 billion, N164 billion In Oil Revenues

The Socio-Economic Rights and Accountability Project (SERAP) is filing a lawsuit against the Nigerian National Petroleum Corporation (NNPC) over the company’s inability to clarify and account for the missing $2.04 billion and N164 billion alleged missing oil revenue. According to SERAP, the

April 28, 2024

NMDPRA: Nigerian Govt Will Not Fix Price For Petroleum Products From Dangote Refinery, Pushes CNG Expansion

Business News·News·Oil & Gas

Dangote Refinery: How Forex Shortage Is Delaying Crude Supplies

The $20 billion refinery project in Nigeria, the brainchild of Africa’s richest man, Aliko Dangote, is having payment problems, which is delaying the discharge of crude oil shipment from Chinese state energy giant PetroChina. Since March 28, two million barrels of West

April 26, 2024

AMA News·Oil & Gas

Renewable Energy: The Hottest Investment Space in Africa

LONDON, England, 24 April 2024, /African Media Agency/- Renewable Energy is one of the hottest investment spaces in Africa and AFSIC – Investing in Africa 2024 will continue to highlight important discussions from top companies on the topic in our Sustainable Development stream sponsored by Executives

April 24, 2024

Business News·News·Oil & Gas·World News

Global Crude Oil Production Dips By 1.2 Mbpd In February: Saudi Arabia, Iraq Declines As U.S. Sees Increase

According to data released by the Joint Organisations Data Initiative (JODI), global crude oil production took a dip by 1.2 million barrels per day (bpd) in February compared to the same period last year. This decline was primarily attributed to steep output

April 18, 2024

OPEC Envisions Medium-Term Emergence Of Modular Refineries In Nigeria

Business News·News·Oil & Gas

Dangote, Modular Refineries To Pay Naira For Crude Oil- Nigerian Govt

The Nigerian government has greenlit domestic crude oil transactions to be conducted in naira or dollars, addressing long-standing concerns of indigenous refineries and operators. The declaration, announced by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), aims to streamline the process and ensure

April 16, 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 60

Uganda Targets First Pearl Sweet Crude Export in December

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

Fuel Scarcity: We’ve Adequate Stock, NNPCL, Marketers Assure, Promise To Clear Queues By Wednesday

Fuel Scarcity: Queues, Hikes in Transport Fares Return As Petrol Near N1000/litre

Tinubu’s Lingering Fuel Subsidy Argument: Some Ordinary Man’s Questions

NNPC Not Giving Accurate Information About PH Refinery Rehabilitation – Expert

How Fuel Subsidy Removal Saved Nigeria From Bankruptcy- Tinubu

Why SERAP sues NNPC Over Failure To Account For $2.04 billion, N164 billion In Oil Revenues

Dangote Refinery: How Forex Shortage Is Delaying Crude Supplies

Renewable Energy: The Hottest Investment Space in Africa

Global Crude Oil Production Dips By 1.2 Mbpd In February: Saudi Arabia, Iraq Declines As U.S. Sees Increase

Dangote, Modular Refineries To Pay Naira For Crude Oil- Nigerian Govt

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Oil & Gas - Page 60

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