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Oil & Gas - Page 75

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

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

Business News·News·Oil & Gas

LPG Refill Costs Soar By 14.04% In October, Adding Pressure on Nigerian Homes

In light of the latest data released by the National Bureau of Statistics, the average retail cost of refilling a 12.5kg cylinder of Liquefied Petroleum Gas (LPG) surged by 14.04% in October 2023 compared to September 2023. This increase, now at N10,545.87,

November 21, 2023

Eni, Nigerian Govt Pause Oilfield Dispute Arbitration For License Talks

Business News·News·Oil & Gas

Eni Halts Arbitration On OPL 245 Oilfield Dispute With Nigerian Govt

Eni, an Italian oil giant, has pressed pause on their arbitration proceedings concerning the OPL 245 oilfield dispute with the Nigerian government. The move aims to open discussions on transforming the license from prospecting to production, potentially unlocking one of Nigeria’s most

November 21, 2023

Business News·News·Oil & Gas

Nigerian Govt Faces $16 Trillion Loss From Decade-Long Natural Gas Flaring- Report

The Federal Government of Nigeria has been revealed to have incurred an estimated loss of $16 trillion over the past decade due to natural gas flaring, as detailed in the Energy Institute’s report. Echoing concerns raised in the report, Hebrew Energy disclosed

November 21, 2023

Africa·Business News·News·Oil & Gas

German Chancellor Pledges $4.4 Billion For Africa-EU Green Energy Initiative

In a commitment during the G20 Compact with Africa Investment Summit in Berlin today, German Chancellor Olaf Scholz announced $4.4 billion funding injection into the Africa-EU Green Energy Initiative, aiming to span until 2030. Expressing a proactive stance, Scholz highlighted Germany’s intention

November 20, 2023

Business News·News·Oil & Gas

Fuel Scarcity Looms In South-East, South-South, Others As IPMAN Threatens To Stop Supply

Residents of South East, South-South and North Central zones in Nigeria may suffer another round of petrol scarcity as the Eastern zone of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has threatened to withdraw services next week.

November 19, 2023

Business News·News·Oil & Gas

Seplat Plans $250M Gas Plant In Delta State, Focuses On Energy

Effiong Okon, Seplat Plc's Director of New Energy, revealed the company's blueprint to erect a $250 million gas plant in Sapele, Delta State.

November 18, 2023

Fuel Scarcity: NNPC Blames Panic Buying, Marketers Disagree

Business News·News·Oil & Gas

Blame Game Intensifies As Fuel Scarcity Grips Abuja, Neighboring States

Oil marketers and the Nigerian National Petroleum Corporation Limited (NNPCL) engaged in a tug-of-war over the ongoing fuel scarcity that has led to long queues at petrol stations in Abuja and neighboring states. According to Chief Ukadike Chinedu, the National Public Relations

November 17, 2023

5 Reasons Nigeria's Crude Oil Production is Declining – And What Next

Business News·FEATURES·Oil & Gas

Nigeria’s Oil Production Prospects: Meeting OPEC Quota, Economic Growth

In the realm of global oil production, Nigeria stands at a critical juncture, striving to align its output with OPEC quotas while charting a course toward robust economic growth. According to data released by the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), the

November 16, 2023

CNG Will Save N2trn Monthly Spend On Petrol, Diesel - Tinubu

Business News·News·Oil & Gas

Nigerian Govt Unveils N300,000 To N600,000 Conversion Cost For CNG-enabled Vehicles

The Nigerian government has taken a step in its commitment to promote the adoption of eco-friendly transportation by unveiling the anticipated conversion costs for enabling vehicles to run on Compressed Natural Gas (CNG). Ranging between N300,000 to N600,000, this initiative aims to

November 14, 2023

Business News·Oil & Gas

Wabote Canvases Increased Crude Oil, Gas Production To Avert Importation For Refineries

The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has warned that Nigeria might resort to importing crude oil for its upcoming and existing refineries if concerted efforts are not made to increase the current low production

November 13, 2023

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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 75

Uganda Targets First Pearl Sweet Crude Export in December

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

LPG Refill Costs Soar By 14.04% In October, Adding Pressure on Nigerian Homes

Eni Halts Arbitration On OPL 245 Oilfield Dispute With Nigerian Govt

Nigerian Govt Faces $16 Trillion Loss From Decade-Long Natural Gas Flaring- Report

German Chancellor Pledges $4.4 Billion For Africa-EU Green Energy Initiative

Fuel Scarcity Looms In South-East, South-South, Others As IPMAN Threatens To Stop Supply

Seplat Plans $250M Gas Plant In Delta State, Focuses On Energy

Blame Game Intensifies As Fuel Scarcity Grips Abuja, Neighboring States

Nigeria’s Oil Production Prospects: Meeting OPEC Quota, Economic Growth

Nigerian Govt Unveils N300,000 To N600,000 Conversion Cost For CNG-enabled Vehicles

Wabote Canvases Increased Crude Oil, Gas Production To Avert Importation For Refineries

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Oil & Gas - Page 75

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