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Oil & Gas - Page 87

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·News·Oil & Gas

Fuel Subsidy Removal: 26 Actions Tinubu Govt Must Take – CPPE

To ensure inclusive, impactful and sustainable palliative measures on fuel subsidy removal, there are at least 26 things the Nigerian government must do in the immediate, short and medium term, according to the Centre for the Promotion of Private Enterprise (CPPE). The

June 11, 2023

Ex-NNPCL Boss Kyari Denies Being In EFCC’s Custody

Business News·Oil & Gas

NNPC Says Kyari Erroneously Increases Firm’s Net Profit To N687 trillion

The Nigerian National Petroleum Company (NNPC) Limited has disclosed that its Group Chief Executive Officer (GCEO), Mele Kyari, erroneously put the firm’s profit after tax for the 2021 financial year at N687 trillion. Kyari, during an interview with Arise TV last week Thursday,

June 9, 2023

Business News·Oil & Gas

ExxonMobil Top Officials Visit Tinubu After Buhari Dashed Seplat CEO’s Hope

Top officials in ExxonMobil visit President Bola Tinubu on Thursday amid a delay in the $1.28 billion asset deal between the firm and Seplat Energy. Prime Business Africa previously reported that ExxonMobil sealed a deal with Seplat to sell its shares in

June 9, 2023

Business News·Oil & Gas

‘Buhari Spent $19bn To Repair Old Refineries, Dangote Built New One With $19bn’

Nasarawa State Governor, Abdullahi Sule, disclosed that over $19 billion used to build Dangote Refinery was spent by former President Muhammadu Buhari to maintain the government-owned refineries. Sule said the refineries in Kaduna, Port Harcourt and Warri, belonging to the government, have

June 9, 2023

Business News·Oil & Gas

Tinubu Tables Request After State Governors Back Fuel Subsidy Removal

The Nigerian Governors’ Forum (NGF) has thrown its weight behind the removal of fuel subsidy by President Bola Tinubu. According to the Chairman of the governors’ forum, AbdulRahman AbdulRazaq, Governor of Kwara State, the group will work with Tinubu to cushion the

June 8, 2023

Dangote Cement GMD Defends Company's Prices After Criticism

Business News·Oil & Gas

NNPC Reveals Dangote Yet To Request Crude Oil Since Commissioning Refinery

The Nigerian National Petroleum Company (NNPC) Limited has revealed that Dangote Refinery is yet to receive crude as the company owned by Aliko Dangote hasn’t made any request. NNPC Limited spokesperson, Garba-Deen Muhammad, made this known while addressing the national oil firm’s

June 8, 2023

Business News·Oil & Gas

Fuel Subsidy: FG Should Deregulate, Sell Refineries For Efficiency- Envoy To Burundi

Nigeria’s Ambassador to Burundi, Mr Elijah Onyeagba, has urged the Federal Government to adhere to the provisions of the Petroleum Industry Act (PIA) on deregulation to allow private sector players to come in. He said that private investors’ participation in the oil

June 6, 2023

Business News·Oil & Gas

KPMG: Benin, Other Neighbouring Countries Benefit From Nigeria’s Fuel Subsidy

KPMG Nigeria has revealed that the removal of fuel subsidy by President Bola Tinubu has led to the price of petrol rising in Benin Republic. According to the financial consulting firm in its report; “Removing Fuel Subsidies in Nigeria,” the cost of

June 6, 2023

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

Business News·Oil & Gas

Gap In Black Market, Official USD Rates Won’t Let Us Import Fuel – Marketers

Oil marketers in Nigeria have revealed the reason importing fuel alongside the Nigerian National Petroleum Company (NNPC) Limited might be impossible. It was stated that their inability to source foreign exchange with the official rate could have dire consequences on private companies

June 6, 2023

Yusuf, has called on the Nigerian government to prioritise the need to address core issues currently affecting the citizens as a result of the removal of subsidy on Premium Motor Spirit (PMS) also known as petrol.

Business News·Oil & Gas

Petrol Crisis: Why States Should Manage Refineries – Ex-labour Leader

As the challenge of local production and distribution of petroleum products continues to rock Nigeria, a former deputy president of the Nigeria Labour Congress (NLC), Amechi Asugwuni, has advised the Federal Government to consider the option of allowing states access to manage

June 5, 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 87

Uganda Targets First Pearl Sweet Crude Export in December

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

Fuel Subsidy Removal: 26 Actions Tinubu Govt Must Take – CPPE

NNPC Says Kyari Erroneously Increases Firm’s Net Profit To N687 trillion

ExxonMobil Top Officials Visit Tinubu After Buhari Dashed Seplat CEO’s Hope

‘Buhari Spent $19bn To Repair Old Refineries, Dangote Built New One With $19bn’

Tinubu Tables Request After State Governors Back Fuel Subsidy Removal

NNPC Reveals Dangote Yet To Request Crude Oil Since Commissioning Refinery

Fuel Subsidy: FG Should Deregulate, Sell Refineries For Efficiency- Envoy To Burundi

KPMG: Benin, Other Neighbouring Countries Benefit From Nigeria’s Fuel Subsidy

Gap In Black Market, Official USD Rates Won’t Let Us Import Fuel – Marketers

Petrol Crisis: Why States Should Manage Refineries – Ex-labour Leader

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Oil & Gas - Page 87

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