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Oil & Gas - Page 80

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

NNPCL Denies Inflating Fuel Subsidy Payments

Business News·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·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·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·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

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·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·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·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·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·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

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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 80

Uganda Targets First Pearl Sweet Crude Export in December

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

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

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

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

Broken System, Broken Lives – Tinubu’s Toxic Legacy

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Deliver Votes or Be Sacked: The New Politics in Ebonyi

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