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Oil & Gas - Page 83

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

The Federal Government of Nigeria has begun formal discussions with the International Monetary Fund (IMF) to develop a transparent fuel price modulation framework and strengthen the country’s fiscal resilience amid global energy market volatility. The initiative, spearheaded by the Ministry of Petroleum

November 5, 2025

Pan-Nigerian Aggregation, Not Peter Obi, Defeated Tinubu In Lagos

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

How Peter Obi, Atiku Or Tinubu Presidential Win Will Affect Fuel Price

With the 2023 Presidential election just three days away, Nigerians should brace up for a significant hike in Premium Motor Spirit (PMS), also known as fuel, if Peter Obi, Bola Tinubu or Atiku Abubakar emerged as the winner. Fuel price as a

February 22, 2023

Oil & Gas Women Entrepreneurs To Benefit From $40m NCDMB/NEXIM Bank Fund - Wabote

Business·News·Oil & Gas

Local Content: NCDMB Boss Lists Strategies For Regional Collaboration, Signs MoU With Senegal

Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Kesiye Wabote, has proposed strategies that would break down barriers and promote cross-border collaboration amongst governments and businesses. The partnership is geared towards strengthening regional collaboration to deepen local content,

February 15, 2023

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

Business·Oil & Gas

Oil Marketers Defy FG’s Fuel Price Tag, As NNPC Needs N4.27trn To Keep Price Low

Some members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) are still selling fuel above the government-agreed price. Prime Business Africa on Wednesday gathered that filling stations of independent oil marketers were selling fuel at a range between N300 and N330

February 9, 2023

Breaking: NNPC Increases Fuel Price, Filling Stations Now Selling At N500

Business·Oil & Gas

Kyari Says Nigerians Experiencing Fuel Scarcity Because Petrol At Wrong Locations

The Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, said the reason Nigerians are experiencing fuel scarcity is that the product is in the wrong locations. Kyari said the 2022 flood in the country disrupted the supply

February 9, 2023

Business·Oil & Gas

Ardova Investors To Earn N16.8 billion, As Billionaire Plans Takeover

Ignite Investments & Commodities Limited has informed Ardova investors that the majority shareholder is willing to buy their stake for N17.38 per share to take the company private. In a statement dated 6 February 2023, Ardova said Ignite Investments has made its

February 7, 2023

Business·Oil & Gas

Peter Obi Says Oil Industry Can Reduce Sufferings Of Nigerians, Reveals How

The Labor Party’s presidential candidate, Peter Obi, has revealed the oil industry can aid in reducing the suffering of Nigerians. Obi said ensuring Nigeria is dependent on local refineries will reduce the negative impact of fuel scarcity and the high cost of

February 6, 2023

DSS warns Against Breakdown Of Law, Order After March 18 Polls

Business·Oil & Gas

DSS To Track Cross-border Fuel Smuggling, As 270 Filling Stations Shut Down

The Federal Government shut down over 270 filling stations amid scarcity of Premium Motor Spirit (PMS) and a hike in pump prices across several retailers. According to the government on Thursday, the petrol stations shut down were clamped down on for inflating

February 3, 2023

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

Business·Oil & Gas

Oil Price Rises, As Nigeria’s Failure To Meet Quota Drags OPEC Output Down

Despite Nigeria claiming the spot of the largest crude oil producer in Africa, it failed to meet its quota in January 2023, as agreed with members of Organisation of the Petroleum Exporting Countries (OPEC). On the back of the report that OPEC’s

February 1, 2023

Edo Receives 784,000 Litres Of Fuel As Task Force Set To Begin Monitoring Distribution, Pricing

News·Oil & Gas

Fuel Scarcity: Edo Receives 784,000 Litres Of Petrol, Task Force Set To Monitor Distribution, Pricing

Edo State Government has said it is stepping up efforts to find lasting solutions to distribution challenges and price hikes of petroleum products in the state, noting that the state has received 784,000 litres of fuel, which will be adequately monitored to

February 1, 2023

NCDMB, BOI Launch $50m Fund For Oil Industry Manufacturing

Oil & Gas

NCDMB Pledges Continuous Support To Local Content Development In Africa

The Nigerian Content Development and Monitoring Board (NCDMB) is ever ready to support other African nations in developing and implementing local content policies as a strategy for improving indigenous participation and value optimisation from hydrocarbons and mineral resources. The Executive Secretary, NCDMB,

January 31, 2023

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Oil & Gas - Page 83

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

How Peter Obi, Atiku Or Tinubu Presidential Win Will Affect Fuel Price

Local Content: NCDMB Boss Lists Strategies For Regional Collaboration, Signs MoU With Senegal

Oil Marketers Defy FG’s Fuel Price Tag, As NNPC Needs N4.27trn To Keep Price Low

Kyari Says Nigerians Experiencing Fuel Scarcity Because Petrol At Wrong Locations

Ardova Investors To Earn N16.8 billion, As Billionaire Plans Takeover

Peter Obi Says Oil Industry Can Reduce Sufferings Of Nigerians, Reveals How

DSS To Track Cross-border Fuel Smuggling, As 270 Filling Stations Shut Down

Oil Price Rises, As Nigeria’s Failure To Meet Quota Drags OPEC Output Down

Fuel Scarcity: Edo Receives 784,000 Litres Of Petrol, Task Force Set To Monitor Distribution, Pricing

NCDMB Pledges Continuous Support To Local Content Development In Africa

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