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Oil & Gas - Page 68

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

The United States has seized a sanctioned Venezuelan oil tanker off the country’s coast, President Trump announced Wednesday, escalating tensions with Caracas and sending oil prices higher. “We’ve just seized a tanker on the coast of Venezuela, very large, largest one ever,”

December 11, 2025

Business·Oil & Gas

Nigerian Govt Still Pays Fuel Subsidy, PENGASSAN Insists

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has challenged President Bola Tinubu’s declaration that the era of fuel subsidies had ended. PENGASSAN’s National President, Festus Osifo, who also serves as the President of the Trade Union Congress (TUC),

October 7, 2023

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

Business·Oil & Gas

Depot Owners Struggle With Rising Fuel Cost Amid Forex Fluctuations

Nigeria's fuel industry is facing a grim reality as foreign exchange rate fluctuations have left numerous petroleum product depots empty.

October 6, 2023

Presidential Committee Proposes Tax On Unofficial Forex Transactions

Business·News·Oil & Gas

N10 Trillion Spent On Refineries, But They Refuse To Work, Says Taiwo Oyedele

During the Platform Nigeria symposium held on Monday, October 2 in Lagos, Taiwo Oyedele, the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, shocked the audience with a stark revelation. He stated that the National Assembly has poured over N10

October 3, 2023

Nigeria's Diesel Prices Hit N978/Litre, Posing Economic Pressure Ahead Of Christmas

Business·News·Oil & Gas

FG To Grants 6-Month VAT Exemption On Diesel Amid Fuel Subsidy Talks

In a move aimed at providing relief to the Nigerian populace amidst ongoing discussions about the removal of fuel subsidies, the Federal Government has announced a significant measure to alleviate the economic burden on citizens and to avert the forthcoming strike by

October 1, 2023

News·Oil & Gas

NCDMB Joins Forces With Waltersmith Refinery On Oil Industry Training For Graduates

The Nigerian Content Development and Monitoring Board (NCDMB) has partnered with Waltersmith Refining and Petrochemical Company Limited to offer young university graduates remedial training on oil and gas industry operations. The 12-month Nigerian Content NC-Remedial Training Programme kicked off on Friday, in

September 30, 2023

Dangote Refinery Boosts U.S. Jet Fuel Supply As Demand Rises

Business·News·Oil & Gas

Fluenta Deploys 18 Ultrasonic Meters At Dangote Refinery For Sustainable Energy

In a move towards sustainable energy practices, Fluenta, the global leader in ultrasonic sensing technology for measuring flare gas, is set to deploy 18 ultrasonic flare gas meters at the Dangote Petroleum Refinery. This initiative comes as Nigerian authorities take a decisive

September 30, 2023

NNPCL Denies Inflating Fuel Subsidy Payments

Business·News·Oil & Gas

NEC Confirms $3 Billion Loan For Crude Oil To Stabilize Naira

In a significant development, the National Economic Council (NEC) has given the green light to the $3 billion emergency loan-for-crude oil secured by the Nigerian National Petroleum Company (NNPC) Limited back in August. The purpose? To bring stability to the beleaguered naira,

September 30, 2023

Business·News·Oil & Gas

Afrexim Seeks $3 Billion Loan From Oil Traders To Bolster Nigeria’s Naira

In a groundbreaking move aimed at shoring up Nigeria’s dwindling naira, Afrexim Bank is actively engaging oil traders to secure a $3 billion loan for the country’s national oil enterprise, NNPC LTD. The oil-backed loan is pivotal to Nigeria’s ongoing efforts to

September 27, 2023

Business·News·Oil & Gas

NASENI EVC Tasks Staff To Support President Tinubu’s Fuel Transition Agenda

Mr. Khalil Halilu, the Executive Vice Chairman and Chief Executive Officer of the National Agency for Science and Engineering Infrastructure (NASENI), has called on the agency’s management staff to provide innovative ideas to support President Bola Ahmed Tinubu’s agenda of transitioning vehicles

September 26, 2023

Business·News·Oil & Gas

Atiku’s Aide Challenges FG For Petrol Price Transparency

Phrank Shaibu, Special Assistant to former VP Atiku Abubakar on Public Communication, demands transparency in petrol pricing from the APC-led government, calling for data on landing costs and pricing strategies below N640 per litre. Shaibu’s daring statement comes in response to a

September 26, 2023

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Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

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

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

What is the dollar-to-naira exchange rate on the black market,

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Oil & Gas - Page 68

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

Nigerian Govt Still Pays Fuel Subsidy, PENGASSAN Insists

Depot Owners Struggle With Rising Fuel Cost Amid Forex Fluctuations

N10 Trillion Spent On Refineries, But They Refuse To Work, Says Taiwo Oyedele

FG To Grants 6-Month VAT Exemption On Diesel Amid Fuel Subsidy Talks

NCDMB Joins Forces With Waltersmith Refinery On Oil Industry Training For Graduates

Fluenta Deploys 18 Ultrasonic Meters At Dangote Refinery For Sustainable Energy

NEC Confirms $3 Billion Loan For Crude Oil To Stabilize Naira

Afrexim Seeks $3 Billion Loan From Oil Traders To Bolster Nigeria’s Naira

NASENI EVC Tasks Staff To Support President Tinubu’s Fuel Transition Agenda

Atiku’s Aide Challenges FG For Petrol Price Transparency

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UK Targets Sugary Milk Drinks as Government Tightens Health Levy

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 26th November 2025

Amnesty International Lists Alleged Gross Human Rights Violations Under Buhari’s Administration

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Oil & Gas - Page 68

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