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Oil & Gas - Page 8

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

News·Oil & Gas·Top Stories

Dangote Refinery CEO Warns Global Oil Shortage Could Be Worse Than $120 Crude

The Chief Executive Officer of the Dangote Refinery, David Bird, has warned that a potential global oil supply shortage could pose a greater threat to economies than the recent surge in crude oil prices. Speaking during a media briefing on rising fuel

March 10, 2026

Cement Prices: House Of Reps Members’ Comments ‘Very Unfair’ To Investors - CPPE

Finance & Economy·News·Nigeria·Oil & Gas·Top Stories

Why Domestic Refineries Cannot Completely Insulate Fuel Prices – CPPE

Domestic refineries cannot completely insulate Nigeria from rising fuel prices because crude oil used for refining is priced according to international market benchmarks, an economic policy group said Monday. The Centre for the Promotion of Private Enterprise (CPPE) said in a policy

March 9, 2026

News·Oil & Gas·World News

Japan Prepares Possible Strategic Oil Reserve Release Amid Middle East Supply Risks

Japan has begun preparations for a possible release of crude oil from its strategic petroleum reserves as concerns mount over disruptions to Middle East energy supplies. Government authorities have instructed the Shibushi national oil storage facility in Kagoshima Prefecture to prepare for

March 9, 2026

FEATURES·Oil & Gas·Top Stories

7 Reasons the OPL-245 Oil Block Dispute Became One of Nigeria’s Biggest Corruption Scandals

Few controversies in Nigeria’s oil industry have attracted as much global attention as the long-running dispute over OPL-245, one of the country’s richest deepwater oil blocks. Estimated to contain about 9 billion barrels of crude oil, the block represents roughly a quarter

March 9, 2026

FEATURES·Markets·Nigeria·Oil & Gas·Top Stories

6 Things Nigerians Should Know About the Current Oil Market Trends

The global oil market is once again at the centre of international attention as rising geopolitical tensions in the Middle East trigger sharp price swings. As of March 2026, the confrontation involving the United States, Israel and Iran has pushed crude oil

March 9, 2026

FEATURES·Insights·Oil & Gas·Opinion·Top Stories

Nigeria Week Ahead: Equities Sink, Oil Surpasses $100, CPI in Focus

By Matthew Anthony, Senior Market Analyst – Africa Oil prices spiked to just above $120 over the weekend as the escalation of the Israel–US–Iran conflict intensified, with key energy installations reportedly targeted. As a result, major oil suppliers are expected to meet

March 9, 2026

News·Oil & Gas·Top Stories

Dangote Refinery Hikes Petrol Price to ₦1,175 per Litre

The Dangote Petroleum Refinery has announced a sharp increase in its ex-depot price for Premium Motor Spirit (PMS), raising the cost to ₦1,175 per litre as of Monday, March 9, 2026. This marks the third petrol price hike in one week.

March 9, 2026

News·Oil & Gas·Top Stories

Nigeria Seeks Foreign Crude Supply for Dangote Refinery

The Nigerian government is exploring plans to supply crude oil to the Dangote Petroleum Refinery through international third-party traders as it seeks to stabilise domestic fuel supply amid rising petrol prices, officials and industry sources said. The move, coordinated by the state

March 9, 2026

Why We Need Effective Regulation As Dangote Refinery Marketers Clash Over Petrol Price

News·Oil & Gas·Top Stories

Dangote Refinery Halts Petrol Loading Amid Speculation of Fresh Price Hike

Operations at the Dangote Petroleum Refinery have been temporarily suspended after the facility halted the loading of Premium Motor Spirit (PMS), commonly known as petrol, sparking speculation that a new price increase could be announced as early as Monday. Sources within Nigeria’s

March 8, 2026

News·Oil & Gas·Top Stories

FG Resolves OPL 245 Dispute with Eni, AGF Says Settlement Will Boost Nigeria’s Economy

The Federal Government has resolved the long-standing dispute over Oil Prospecting Licence (OPL) 245 with Italian energy giant Eni and Nigerian Agip Exploration Limited (NAEL), a development the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, says will reposition Nigeria’s

March 8, 2026

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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 8

Uganda Targets First Pearl Sweet Crude Export in December

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

Dangote Refinery CEO Warns Global Oil Shortage Could Be Worse Than $120 Crude

Why Domestic Refineries Cannot Completely Insulate Fuel Prices – CPPE

Japan Prepares Possible Strategic Oil Reserve Release Amid Middle East Supply Risks

7 Reasons the OPL-245 Oil Block Dispute Became One of Nigeria’s Biggest Corruption Scandals

6 Things Nigerians Should Know About the Current Oil Market Trends

Nigeria Week Ahead: Equities Sink, Oil Surpasses $100, CPI in Focus

Dangote Refinery Hikes Petrol Price to ₦1,175 per Litre

Nigeria Seeks Foreign Crude Supply for Dangote Refinery

Dangote Refinery Halts Petrol Loading Amid Speculation of Fresh Price Hike

FG Resolves OPL 245 Dispute with Eni, AGF Says Settlement Will Boost Nigeria’s Economy

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UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

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Two Group Chats, One Nigeria: Gen Z Pays The Bills, Boomers Write The Laws

Deliver Votes or Be Sacked: The New Politics in Ebonyi

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Nigeria’s Headline Inflation Rate Eases to 15.39% in August

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