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Oil & Gas - Page 85

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

NNPC Refutes Viral Claims That Its Fuel Does Not Last

Business News·Oil & Gas

NNPC Increases Fuel Price To N580/Litre, Oil Marketers Eye N700

The prices of Premium Motor Spirit (PMS) have been readjusted by the Nigerian National Petroleum Company (NNPC) Limited after its previous increase in May. Prime Business Africa previously reported that the NNPC Limited readjusted fuel prices from N189 per litre to above

July 18, 2023

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Business News·Oil & Gas

NNPC Discovers Oil Thieves’ Sophisticated Equipment Siphoning Crude

The equipment of suspected oil thieves on oil mining lease (OML) 18, was discovered by the Nigerian Navy and the Nigerian National Petroleum Company (NNPC) Limited on Tuesday, 11 July 2023. This was revealed by the commander of the Nigerian Navy Ship

July 17, 2023

Business News·Oil & Gas

Oil Marketers Accuses Petrol Drivers Of Sabotaging Distribution With N23,000 Illegal Levy

The National Public Relations Officer (PRO) of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Yakubu Suleiman, has accused the Petroleum Tanker Drivers (PTD) association of sabotaging fuel distribution. Suleiman said petroleum tanker drivers illegally imposed N23,000 levy on fuel distribution, charging

July 14, 2023

Nigeria's September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Business News·Oil & Gas

OPEC Ranks Nigeria Ahead Angola, Algeria, As Crude Output Rises To 1.29mbpd

Nigeria increased its daily crude oil production by 21,000 barrels in June to remain Africa’s largest crude oil producer, according to the Organization of the Petroleum Exporting Countries (OPEC). While Nigeria raised its production slightly, OPEC reported in its Monthly Oil Market

July 13, 2023

News·Oil & Gas

Nigeria, Equatorial Guinea Mull New Partnership Opportunities In Oil Sector

Nigerian government and the Republic of Equatorial Guinea have opened discussions regarding new partnership opportunities such as the establishment of a joint logistics base, deployment of indigenous capacities across countries, and lowering the costs of major oil and gas operations. These possibilities

July 13, 2023

Experts Allege Shady Deal By Security Operatives, Who Burnt Vessel With Stolen Oil InA Delta

Business News·Oil & Gas

Experts Allege Shady Deal By Security Operatives, Who Burnt Vessel With Stolen Oil In Delta

Security experts have called for a probe of the activities of security operatives involved in fighting oil theft in the Niger Delta. The call follows the report of security operatives of the Joint Task Force, Operation Delta Safe, in collaboration with Tantita

July 12, 2023

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business News·Oil & Gas

FG, OPEC+ To Renegotiate Crude Oil Output After Nigeria’s Failure To Meet Quota

The Federal Government is planning to meet with members of the Organisation of the Petroleum Exporting Countries and its non-OPEC partner, Russia, in November to renegotiate Nigeria’s crude oil output. According to the Group Chief Executive Officer of the Nigerian National Petroleum

July 12, 2023

Business News·Oil & Gas

NNPC, Oil Marketers Disagree Over Fuel Subsidy Regime Contract

The Nigerian National Petroleum Company (NNPC) Limited has informed members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) to take delivery of petrol they paid for during the subsidy regime at a new price that includes the Value Added Tax (VAT).

July 11, 2023

Business News·Oil & Gas

NCDMB, NLNG To Launch Local Content Opportunities on E-Marketplace

The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria LNG Limited are collaborating to roll out tender opportunities from the gas production and processing company on the Oil and Gas E-Market Place. This initiative is geared towards the implementing a

July 10, 2023

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

Business News·Oil & Gas

FG Using Oil Companies’ Fines To Increase Revenue – Major Oil Marketers

The Chairman of the Major Oil Marketers Association of Nigeria (MOMAN), Olu Adeosun, said the fuel subsidy removal will increase the Federal Government’s revenue from the oil industry. Adeosun stated that the removal of fuel subsidy, which ushered in the complete deregulation

July 7, 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 85

Uganda Targets First Pearl Sweet Crude Export in December

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

NNPC Increases Fuel Price To N580/Litre, Oil Marketers Eye N700

NNPC Discovers Oil Thieves’ Sophisticated Equipment Siphoning Crude

Oil Marketers Accuses Petrol Drivers Of Sabotaging Distribution With N23,000 Illegal Levy

OPEC Ranks Nigeria Ahead Angola, Algeria, As Crude Output Rises To 1.29mbpd

Nigeria, Equatorial Guinea Mull New Partnership Opportunities In Oil Sector

Experts Allege Shady Deal By Security Operatives, Who Burnt Vessel With Stolen Oil In Delta

FG, OPEC+ To Renegotiate Crude Oil Output After Nigeria’s Failure To Meet Quota

NNPC, Oil Marketers Disagree Over Fuel Subsidy Regime Contract

NCDMB, NLNG To Launch Local Content Opportunities on E-Marketplace

FG Using Oil Companies’ Fines To Increase Revenue – Major Oil Marketers

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