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Oil & Gas - Page 86

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

Business News·Oil & Gas

Shell Petroleum Directors Meet Tinubu Over Investments After ExxonMobil Visit

President Bola Tinubu and a delegation from the Shell Petroleum Development Company (SPDC) met over Nigerian investments and his government’s policy reforms. Tinubu told the Shell Petroleum delegation, led by the firm’s global upstream director, Zoe Yujnovich, that his administration’s policies will

July 4, 2023

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

Business News·Oil & Gas

Fuel Prices To Drop, As Oil Marketers Begin Importation On Credit

The prices of fuel in Nigeria will drop in the coming weeks, as products imported by the major oil marketers are set to arrive in the country next week. According to the Executive Secretary of the Major Oil Marketers Association of Nigeria

July 3, 2023

Business News·Oil & Gas

Seplat CEO Seeks Tinubu’s Support Against NNPC Over ExxonMobil Assets Drama

After its plan to acquire oil and gas assets from ExxonMobil Corporation before Bola Tinubu became President failed, the Chief Executive Officer of Seplat Energy, Roger Brown, is now hoping the new administration will approve the acquisition. Recall that Brown had stated

June 29, 2023

Business News·Oil & Gas

Fuel Price To Hit N700/litre, Up From N500 – Oil Marketers Reveal

The price of fuel in petrol stations will rise from N500 per litre, to as high as N700 per litre, the National Controller Operations of Independent Petroleum Marketers Association of Nigeria (IPMAN), Mike Osatuyi, revealed. The representative of the oil marketers said

June 29, 2023

Business News·Oil & Gas

Fuel Subsidy Scam: Tinubu Should Order Audit Of Payments, Prosecute Culprits – ex-TUC President

Former President of the Trade Union Congress (TUC), Mr Peter Esele, has called on President Bola Tinubu to order a comprehensive audit of fuel subsidy payments over the years. Mr Esele said the issue of scams around the fuel subsidy scheme is

June 27, 2023

NNPCL Denies Inflating Fuel Subsidy Payments

Business News·Oil & Gas

NNPC Involved In Fuel Subsidy Scam Before Removal, Yuguda Reveals

The Former Governor of Bauchi State, Isa Yuguda, has accused the Nigerian National Petroleum Company (NNPC) Limited of enabling a fuel subsidy scam before its removal. Yuguda said the NNPC collaborated with the oil marketers in running a fuel subsidy scam by

June 26, 2023

Business News·Oil & Gas

Bauchi Ex-gov Reveals He has A Friend Tired Of Making Money From Fuel Subsidy Scam

A former governor of Bauchi State, and former minister of Aviation, Isa Yuguda, has revealed that one of his friends benefited significantly from the fuel subsidy scam. Yuguda said the friend, operating in the oil sector, disclosed to him and a former

June 26, 2023

Business News·Oil & Gas

What You Need To Know, As Six Nigerian Companies Get Fuel Importation License

Six oil companies have been given the approval to import petroleum products into Nigeria, starting from July 2023, the Managing Director of the Nigeria Mainstream and Downstream Petroleum Regulatory Authority (NMDRA), Farouk Ahmed, disclosed. Ahmed, on Monday, 19 June, said the companies

June 20, 2023

Seplat Shareholders Demand Sack Of CEO, Board Amid Legal Fees Controversy

Business News·Oil & Gas

FG Lifts Ban On Seplat CEO, Roger Brown, Returns Visa, Work Permits

Seplat Chief Executive Officer, Roger Brown, has been allowed to return to Nigeria after the Federal Government returned his seized visa and work permits. Brown’s work permit, Combined Expatriate Residence Permit and Aliens Card (CERPAC) and other visas for entry or stay

June 13, 2023

Business News·Oil & Gas

Fuel Subsidy Removal: Allow Private Investors To Set Up Modular Refineries – Utomi Urges FG

As reactions continue to trail the announcement of fuel subsidy removal by President Bola Tinubu, a Professor of Political Economy, Pat Utomi, has advised the Federal Government to grant licences to private investors to set up modular refineries. Prof. Utomi, who stated

June 12, 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 86

Uganda Targets First Pearl Sweet Crude Export in December

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

Shell Petroleum Directors Meet Tinubu Over Investments After ExxonMobil Visit

Fuel Prices To Drop, As Oil Marketers Begin Importation On Credit

Seplat CEO Seeks Tinubu’s Support Against NNPC Over ExxonMobil Assets Drama

Fuel Price To Hit N700/litre, Up From N500 – Oil Marketers Reveal

Fuel Subsidy Scam: Tinubu Should Order Audit Of Payments, Prosecute Culprits – ex-TUC President

NNPC Involved In Fuel Subsidy Scam Before Removal, Yuguda Reveals

Bauchi Ex-gov Reveals He has A Friend Tired Of Making Money From Fuel Subsidy Scam

What You Need To Know, As Six Nigerian Companies Get Fuel Importation License

FG Lifts Ban On Seplat CEO, Roger Brown, Returns Visa, Work Permits

Fuel Subsidy Removal: Allow Private Investors To Set Up Modular Refineries – Utomi Urges FG

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