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Oil & Gas - Page 8

Business·Finance & Economy·News·Nigeria·Oil & Gas

Manufacturers Call for Natural Gas Shift to Maximise Production

Manufacturers in southeast Nigeria have urged a shift from diesel to natural gas to lower soaring energy costs and boost industrial growth, warning that unreliable and expensive power supply threatens the survival of factories. Adaora Chukwudozie, chair of the South-East region of

March 6, 2026

News·Oil & Gas

Kachikwu Pushes for $1bn NCI Fund, Tougher Oil Block Rules

Former Minister of State for Petroleum Resources, Prof. Emmanuel Ibe Kachikwu, has called for the Nigerian Content Intervention (NCI) Fund to be doubled from its current $450 million to $1 billion.

September 9, 2025

News·Oil & Gas

Fuel Scarcity Looms as Oil Workers, Dangote Refinery Clash – PTD Counters Strike Call

Nigeria’s fuel supply chain faces fresh uncertainty as the Petroleum Tanker Drivers (PTD) branch of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) threatened an indefinite strike from September 8 over a growing rift with the management of the Dangote

September 6, 2025

Business·Oil & Gas

CNG Price Hike Raises Fresh Inflation Concerns In Nigeria

The price of Compressed Natural Gas (CNG) in Nigeria has risen from between ₦230 and ₦320 to ₦380 and ₦450 per Standard Cubic Meter (SCM). This development, which represents an increase of 65 per cent for commercial vehicles and 40 per cent

September 3, 2025

Business·Oil & Gas

Cooking Gas Price Records Marginal Drop In July

The prices of Liquefied Petroleum Gas (LPG), also known as cooking gas in Nigeria, have experienced a drop in recent times, offering some relief to households. According to the LPG Price Watch for July 2025 released by the National Bureau of Statistics (NBS), the average

September 3, 2025

Diaspora·News·Oil & Gas

US Prison Date Set for Ex-NNPC Official in $2.1m Bribe Scheme

A U.S. court has scheduled December 1 for the sentencing of Paulinus Okoronkwo, a former general manager of the Nigerian National Petroleum Corporation (NNPC)’s upstream division, who faces up to 25 years in prison after being convicted of accepting a $2.1 million

September 3, 2025

News·Oil & Gas

Tinubu Commissions 40,000 CBM LPG Vessel in South Korea, Boosts Africa’s Clean Energy Capacity

President Tinubu has reaffirmed Nigeria’s drive to strengthen clean and sustainable energy supply across Africa with the commissioning of a 40,000 cubic meters Liquefied Petroleum Gas (LPG) vessel in Ulsan, South Korea. The vessel, named MT Iyaloja (Lagos), is owned by WAGL

August 24, 2025

News·Oil & Gas

Lokpobiri Urges Dangote, Other Local Refiners To Process Nigerian Crude

Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has stated that Nigeria’s crude oil remains one of the best in the world and called on Dangote Refinery and other domestic refiners to take advantage of the high quality instead of depending

August 21, 2025

Business·Oil & Gas

Dangote Refinery Cuts Diesel Price To ₦960 Per Litre

Dangote Petroleum Refinery has announced a reduction in its ex-depot price of diesel to ₦960 per litre, a ₦30 price cut from ₦990 sold previously. This was confirmed by the refinery’s spokesperson, Anthony Chiejina, who said it takes effect from 20 August.

August 21, 2025

FEATURES·Oil & Gas

Dangote’s Frequent Price Cuts And Ripples Of Intense Competition In Nigerian Fuel Market

The Nigerian fuel market is experiencing a significant price war, driven primarily by the Dangote Petroleum Refinery’s aggressive pricing strategy and the response from the Nigerian National Petroleum Company Limited (NNPC) and independent marketers. The emergence of Dangote Refinery and the deregulation of the fuel

August 19, 2025

Business·Oil & Gas

Oil Production Data Disparity May Affect Nigeria’s Quest For Higher OPEC Quota – Expert

Financial Analyst/Research Consultant, Ifeoma Nwokolo, has said the disparity between data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the OPEC on Nigeria’s oil production may pose a challenge in the country’s quest for a higher quota. Nwokolo, who is

August 14, 2025

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Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

Cooking gas prices in Nigeria have jumped about 40 percent

Dangote Cement Records 20% Increase in 2025 Revenue

Dangote Cement Plc reported a 20.3 percent rise in revenue

Aston Martin to Cut 20% of Workforce Over Rising Losses

British luxury carmaker Aston Martin has announced plans to reduce

CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

Nigeria recorded a sharp increase in foreign capital inflows in

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Oil & Gas - Page 8

Manufacturers Call for Natural Gas Shift to Maximise Production

Kachikwu Pushes for $1bn NCI Fund, Tougher Oil Block Rules

Fuel Scarcity Looms as Oil Workers, Dangote Refinery Clash – PTD Counters Strike Call

CNG Price Hike Raises Fresh Inflation Concerns In Nigeria

Cooking Gas Price Records Marginal Drop In July

US Prison Date Set for Ex-NNPC Official in $2.1m Bribe Scheme

Tinubu Commissions 40,000 CBM LPG Vessel in South Korea, Boosts Africa’s Clean Energy Capacity

Lokpobiri Urges Dangote, Other Local Refiners To Process Nigerian Crude

Dangote Refinery Cuts Diesel Price To ₦960 Per Litre

Dangote’s Frequent Price Cuts And Ripples Of Intense Competition In Nigerian Fuel Market

Oil Production Data Disparity May Affect Nigeria’s Quest For Higher OPEC Quota – Expert

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Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

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CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

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