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Oil & Gas - Page 89

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

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

Business News·Oil & Gas

IPMAN Shuts Down 100 Filling Stations For Selling Above N196 Per Litre

Independent Petroleum Marketers Association of Nigeria (IPMAN) said 100 filling stations have been sanctioned and shut down for selling above N196 per litre. According to the National Public Relations Officer of IPMAN, Yakubu Suleiman, the appropriate price for fuel is N195 or

May 31, 2023

Business News·Oil & Gas

Fuel Subsidy Removal Okay But Should Be In Phases – Economic Expert

Reactions have continued to trail the announcement of fuel subsidy removal by Nigeria’s new president, Bola Ahmed Tinubu. Prof. Magnus Kpakol, Executive Chairman, Economic Growth and Development Centre, has said the decision to end the subsidy regime is a good one considering

May 31, 2023

NNPC Refutes Viral Claims That Its Fuel Does Not Last

Business News·Oil & Gas

Tinubu To Meet NLC Today Over Fuel Subsidy Removal

The National President of the Nigeria Labour Congress (NLC), Joe Ajaero, has disclosed that the labour union will meet on Wednesday to discuss the fuel subsidy removal. Ajaero, during an interview with Sunrise Daily on Channels Television, said the meeting with the

May 31, 2023

Oil & Gas

Fuel Subsidy Removal: Tinubu Responds To Long Queues, Rising Fuel Prices

Less than 24 hours after President Bola Tinubu declared an end to fuel subsidy, the pump price of Premium Motor Spirit (PMS), commonly known as petrol, skyrocketed to N600 per litre from N195/l in various parts of Nigeria. The sudden increase in

May 31, 2023

Business News·Oil & Gas

Buhari’s Gov’t Failed To Pay Subsidy Fees, Owes NNPC N2.8 trillion

The Federal Government owes the Nigerian National Petroleum Company (NNPC) Limited N2.8 trillion, the Group Chief Executive Officer of the firm, Mele Kyari, has revealed. After meeting with President Bola Tinubu on Tuesday, Kyari told State House correspondents that the administration of

May 30, 2023

Business News·Oil & Gas

Mele Kyari Reveals Removal Of Fuel Subsidy By Tinubu Will Affect NNPC

The Group Chief Executive Officer (GCEO) of the Nigeria National Petroleum Company (NNPC) Limited, Mele Kyari, has backed President Bola Tinubu for his stance on the removal of fuel subsidy. On Monday, during his inauguration speech, Tinubu assured that his administration will

May 30, 2023

Tinubu Tables Request After State Governors Back Fuel Subsidy Removal

Business News·Oil & Gas

Updated: Fuel Subsidy Is Gone – Tinubu Says, Set For NLC Showdown

President Bola Tinubu has announced that the fuel subsidy is gone, stating that there will be no provision for it in his government’s budget. Tinubu said this during his inauguration speech on Monday, 29 May 2023. He reiterated his stance against the

May 29, 2023

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

Business News·Oil & Gas

Nigeria’s Oil Regulator Increases PIA Regulations To 12 Amid N16.25trn Loss

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has signed seven new regulations into law to address production count challenges and other problems facing the oil and gas industry. Prime Business Africa gathered the seven regulations, unveiled

May 26, 2023

Business News·Oil & Gas

Dangote Refinery: Nigeria Can Save Over $3bn Annually From Petroleum Import – Obaseki

Nigeria can save over $3 billion annually from the importation of petroleum products when Dangote Refinery and Petrochemical plant comes into full operation, says Edo State Governor, Mr Godwin Obaseki. Obaseki, who spoke to journalists at the commissioning of the refinery, developed

May 23, 2023

Court Set Date To Hear Oando’s Scheme Of Arrangement For Minority Shares

Business News·Oil & Gas

Court Sets Date To Hear Oando’s Scheme Of Arrangement For Minority Shares

Justice Aneke of the Federal High Court has adjourned the hearing of the Scheme Of Arrangement for the acquisition of shares held by Oando’s minority shareholders. Prime Business Africa previously reported that the majority investor in Oando, Ocean and Oil Development Partners

May 23, 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 89

Uganda Targets First Pearl Sweet Crude Export in December

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

IPMAN Shuts Down 100 Filling Stations For Selling Above N196 Per Litre

Fuel Subsidy Removal Okay But Should Be In Phases – Economic Expert

Tinubu To Meet NLC Today Over Fuel Subsidy Removal

Fuel Subsidy Removal: Tinubu Responds To Long Queues, Rising Fuel Prices

Buhari’s Gov’t Failed To Pay Subsidy Fees, Owes NNPC N2.8 trillion

Mele Kyari Reveals Removal Of Fuel Subsidy By Tinubu Will Affect NNPC

Updated: Fuel Subsidy Is Gone – Tinubu Says, Set For NLC Showdown

Nigeria’s Oil Regulator Increases PIA Regulations To 12 Amid N16.25trn Loss

Dangote Refinery: Nigeria Can Save Over $3bn Annually From Petroleum Import – Obaseki

Court Sets Date To Hear Oando’s Scheme Of Arrangement For Minority Shares

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