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Oil & Gas - Page 88

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

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business News·News·Oil & Gas

Oil Prices Jump 2% As Saudi Arabia Plans Deeper Output Cuts

Saudi Arabia plans to deepen oil output cuts in July and this has shut up oil prices by as high as two per cent (2%), more than $1.5 a barrel, on Monday. The world’s top exporter of crude oil had pledged to

June 5, 2023

NNPC Denies Plans To Increase Fuel Price

Business News·News·Oil & Gas

NNPC Ends Oil Swap Contracts, To Pay Cash For Petrol Imports

NNPC Ltd, the Nigeria state oil firm, is winding down crude swap contracts as its chief executive announced decision to henceforth pay cash for gasoline imports. The NNPC Ltd has been importing petrol from consortiums of foreign and local trading firms and

June 5, 2023

Jigawa Residents Spent More On Petrol In June

Business News·Oil & Gas

Local Production Of Petrol Can Save Nigeria $21bn Of FX – IPMAN

As the crisis of petrol supply rages due to dependency on import, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has asserted that Nigeria can save about $21 billion of Foreign Exchange (FX) in a year if the products are refined locally.

June 2, 2023

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

Business News·Oil & Gas

Kyari Says Dangote, Port Harcourt Refineries Will Not Drop Fuel Price

Dangote Refinery, Port Harcourt Refining Company and other refineries expected to come onstream in Nigeria will not reduce fuel prices in the country. This is according to the Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, during

June 2, 2023

NNPCL Denies Inflating Fuel Subsidy Payments

Business News·Oil & Gas

Buhari’s Gov’t Didn’t Pay For Subsidy In 2022, 2023 – NNPC’s Kyari Reveals

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has disclosed that the immediate past president, Muhammadu Buhari, didn’t pay for subsidies in 2022 and the first half of 2023. Kyari said Buhari budgeted N6.3

June 2, 2023

Business News·Oil & Gas

Full Deregulation Of Downstream Oil Sector’ll End Petrol Crisis -IPMAN

With the incessant scarcity and hike in prices of petroleum products in Nigeria, the only antidote is full deregulation of the downstream oil and gas subsector to encourage more private sector participation in order to boost local production and supply. This was

June 1, 2023

NNPC Refutes Viral Claims That Its Fuel Does Not Last

Business News·Oil & Gas

IPMAN Lists Three Reasons Fuel Prices Rose From N189 To N500/Litre

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has listed three reasons the costs of Premium Motor Spirit (PMS), also known as fuel, has to be above N500 per litre. According to the Deputy President of Zarama Mustapha, the Nigerian National Petrol

June 1, 2023

Business News·News·Oil & Gas

NNPC Fuel Price Hike: Borno, Yobe Residents To Pay More

As the Nigeria National Petroleum Company (NNPC), announces an increase in pump price of Premium Motor Spirit (PMS), in its retail outlets across the country, Borno and Yobe States residents are to pay more. Data released by the national oil company show

June 1, 2023

Business News·Oil & Gas

Angry Commuters Refuse To Buy Fuel From NNPC Outlet In Port Harcourt Over Sudden Price Increase

After waiting for many hours in long queues in front of one of the NNPC retail outlets in Port Harcourt, commuters on Wednesday afternoon angrily refused to buy Petrol when the station finally opened with a shocking news of hike in price.

May 31, 2023

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

Business News·Oil & Gas

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

The Nigerian National Petroleum Company (NNPC) Limited increased fuel prices on Wednesday to meet market reality, the Chief Corporate Communications Officer of the firm, Garba Muhammad, revealed. Muhammad said prices will continue to fluctuate to reflect market dynamics while assuring of ceaseless

May 31, 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 88

Uganda Targets First Pearl Sweet Crude Export in December

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

Oil Prices Jump 2% As Saudi Arabia Plans Deeper Output Cuts

NNPC Ends Oil Swap Contracts, To Pay Cash For Petrol Imports

Local Production Of Petrol Can Save Nigeria $21bn Of FX – IPMAN

Kyari Says Dangote, Port Harcourt Refineries Will Not Drop Fuel Price

Buhari’s Gov’t Didn’t Pay For Subsidy In 2022, 2023 – NNPC’s Kyari Reveals

Full Deregulation Of Downstream Oil Sector’ll End Petrol Crisis -IPMAN

IPMAN Lists Three Reasons Fuel Prices Rose From N189 To N500/Litre

NNPC Fuel Price Hike: Borno, Yobe Residents To Pay More

Angry Commuters Refuse To Buy Fuel From NNPC Outlet In Port Harcourt Over Sudden Price Increase

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

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