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Oil & Gas - Page 69

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

News·Oil & Gas

NCDMB, NNPC, IOCs Sign Agreement, Target 6 Months Oil Industry Contract Cycle

The Nigerian Content Development and Monitoring Board (NCDMB) on Monday in Abuja signed a Memorandum of Understanding (MoU) cum Service Level Agreement (SLA) with the Nigerian National Petroleum Company Ltd (NNPC Ltd) and five international oil-producing companies. The goal is to quickly

September 25, 2023

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

Business·News·Oil & Gas

Nigeria’s Oil & Gas Capital Expenditure Dips To $6 Billion – FG Reveals

Mr. Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported a staggering drop in annual upstream capital expenditure (CAPEX), which fell from a towering $27 billion in 2014 to a meager $6 billion in 2022, marking a remarkable

September 25, 2023

Business·News·Oil & Gas

Conoil Plc’s Shareholders Approve N1.734 Billion Dividend Payout For 2022

In a resounding show of confidence, shareholders of Conoil Plc have enthusiastically approved a final dividend payout of N1.734 billion for the 2022 financial year. This approval came at the company’s 53rd Annual General Meeting held in Uyo, Akwa Ibom State, over

September 25, 2023

SERAP sues Tinubu, govs over cybercrime law abuse

Business·News·Oil & Gas

Investigate Missing $15B, N200B Missing Oil Revenues Within 7 Days- SERAP Urges Tinubu

The Socio-Economic Rights and Accountability Project (SERAP) has issued a stern ultimatum to President Bola Tinubu, urging him to establish a presidential panel of inquiry to investigate the startling allegations of missing oil revenues and unaccounted-for refinery repair funds, totaling over US$15

September 24, 2023

Petrol Price Rises By 230.78% As Nigerians Paid N626.70 In August

Business·News·Oil & Gas

Petrol Price Rises By 230.78% In 1 Year, Nigerians Paid N626.70 In August

The average retail price of a litre of Premium Motor Spirit (PMS) also known as petrol increased from N189.46 in August 2022 to N626.70 in August 2023, a report by the National Bureau of Statistics has revealed. This represents a 230.78 per

September 22, 2023

Oando Denies Having Interests In Maltese Blending Plant

Business·News·Oil & Gas

OANDO Leads Top Losers As JOHNHOLT, OMATEK, Lead Gainers

In a market day marked by red numbers, the Nigerian Exchange (NGX) showcased its resilience as it closed in negative territory on Thursday. Despite equities declining further amid high trading volume, market players found glimmers of hope in the midst of the

September 21, 2023

Concerns For Nigeria's Oil Market As Over 60 Million Barrels Remain Unsold

Business·Oil & Gas

Nigeria Continues Subsidy As ₦617 Pump Price Retained Despite Crude Nearing $100 Per Barrel

There are feelers that the Nigerian government has quietly restored the fuel subsidy removed few months ago as it appears to maintain the price cap of ₦617/per litre even when the prices of crude oil in the international market have surged and

September 20, 2023

Business·Oil & Gas

Why Price Of 12.5kg Gas May Hit ₦18k By December In Nigeria

As Nigerians grapple with the High cost of petrol in the last four months, they may yet encounter another surge in price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas. Retailers have expressed worry about the possibility of the price

September 20, 2023

Business·News·Oil & Gas·World News

Nigeria More Ready For Business Than Ever – Tinubu Declares

President Bola Tinubu welcomed a high-level delegation from ExxonMobil, the global oil and gas giant, to New York on Monday, where he boldly asserted that Nigeria is no longer contented with meager investments from the world’s leading energy companies. He declared that

September 19, 2023

Dangote Refinery: Fueling Nigeria's Economic Resurgence or Monopoly Menace?

Business·News·Oil & Gas

Dangote: Refined Oil To Be Sold In Dollars As Operation Begins October

Dangote Refinery will finally begin operations in October 2023, says the Group Executive Director, Devakumar Edwin.

September 19, 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 69

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

NCDMB, NNPC, IOCs Sign Agreement, Target 6 Months Oil Industry Contract Cycle

Nigeria’s Oil & Gas Capital Expenditure Dips To $6 Billion – FG Reveals

Conoil Plc’s Shareholders Approve N1.734 Billion Dividend Payout For 2022

Investigate Missing $15B, N200B Missing Oil Revenues Within 7 Days- SERAP Urges Tinubu

Petrol Price Rises By 230.78% In 1 Year, Nigerians Paid N626.70 In August

OANDO Leads Top Losers As JOHNHOLT, OMATEK, Lead Gainers

Nigeria Continues Subsidy As ₦617 Pump Price Retained Despite Crude Nearing $100 Per Barrel

Why Price Of 12.5kg Gas May Hit ₦18k By December In Nigeria

Nigeria More Ready For Business Than Ever – Tinubu Declares

Dangote: Refined Oil To Be Sold In Dollars As Operation Begins October

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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 69

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