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Oil & Gas - Page 9

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

President Tinubu has nominated new chief executives for Nigeria’s petroleum regulatory agencies following the resignation of the heads of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), developments that come amid intense controversy

December 18, 2025

Business·Oil & Gas

NUPRC’s Revenue Rises By 176.7% To ₦12.2trn In 2024

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recorded a historic high of ₦12.2 trillion revenue in 2024. This represents a 176.7 percent surge compared to ₦4.3 trillion recorded in 2023. The 2024 performance report released by NUPRC revealed that it recorded ₦3.7 trillion

July 6, 2025

Business·Oil & Gas

NUPRC Opens Up On Failure Of Oil Producers To Supply Crude To Dangote Refinery

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) addressed the ongoing controversy between oil producers and the Dangote Refinery over crude oil supply, highlighting regulatory challenges, and the broader implications for Nigeria’s energy sector. The Commission shared its challenges in trying to mandate

July 4, 2025

Business·Oil & Gas

Dangote Refinery Reduces Petrol Ex-depot Price To ₦840 Per Litre

Dangote Refinery has announced a reduction of its ex-gantry price of Premium Motor Spirit (PMS), also known as petrol to ₦840 per litre. This was confirmed in a statement released by Anthony Chiejina, Chief Corporate Communications Officer of Dangote Group, on Monday.

July 1, 2025

Business·Oil & Gas

Dangote Refinery: Petrol Distribution Will Save Nigeria N1.7trn Annually

Dangote Petroleum Refinery has said its nationwide petrol and diesel distribution initiative is expected to save the Nigerian economy an estimated N1.7 trillion annually. The company disclosed that it has invested over N720 billion to implement the landmark initiative of deploying 4,000 Compressed

June 30, 2025

Business·Oil & Gas

NUPRC Mandates Oil Licence Holders To Pay $5,000 For Extension

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has highlighted conditions that all Petroleum Prospecting Licence (PPL) holders whose licences are about to expire must fulfil to secure extension. One of the conditions is the payment of $5,000 as an application fee.

June 26, 2025

Business·Oil & Gas·Top Stories

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

Nigeria is facing renewed economic pressure as a fresh increase in petrol prices has sparked concerns over another wave of inflation. Analysts have attributed the latest petrol price increase to the recent surge in crude oil prices in the international market following

June 23, 2025

Business·Oil & Gas

Dangote Refinery Increases Petrol Ex-Depot Price To N880/litre

Dangote Petroleum Refinery has increased its ex-depot price of Premium Motor Spirit (PMS), also known as petrol, to N880 per litre. This reflects a N55 hike from the previous price of N825 per litre. The new ex-depot price was confirmed by petroleumprice.ng,

June 22, 2025

Business·Oil & Gas

Dangote’s Petrol Distribution Plan Favourable To Us – IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) applauded the plan by Dangote Refinery to begin the distribution of petrol and diesel free of charge to marketers nationwide. IPMAN’s National Publicity Secretary, Chinedu Ukadike, said the plan is “very favourable to independent

June 21, 2025

Business·Oil & Gas

Why We Resort To Importing Crude From U.S. – Dangote

President of Dangote Group, Alhaji Aliko Dangote, has said his $20 billion refinery resorted to importing more crude oil from the United States due to insufficient supply from domestic sources. The management of the 650,000-barrel capacity refinery had, since the commencement of

June 20, 2025

Business·Oil & Gas

NUPRC’s New Guidelines On Crude Exports Tackle Oil Theft, Boost Revenue Generation

In its quest to tackle oil theft and other illicit activities in crude oil movements and exports, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has introduced new guidelines to enhance the monitoring of crude oil exports in the country. The move aims to improve transparency, curb theft, and

June 20, 2025

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Oil & Gas - Page 9

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

NUPRC’s Revenue Rises By 176.7% To ₦12.2trn In 2024

NUPRC Opens Up On Failure Of Oil Producers To Supply Crude To Dangote Refinery

Dangote Refinery Reduces Petrol Ex-depot Price To ₦840 Per Litre

Dangote Refinery: Petrol Distribution Will Save Nigeria N1.7trn Annually

NUPRC Mandates Oil Licence Holders To Pay $5,000 For Extension

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

Dangote Refinery Increases Petrol Ex-Depot Price To N880/litre

Dangote’s Petrol Distribution Plan Favourable To Us – IPMAN

Why We Resort To Importing Crude From U.S. – Dangote

NUPRC’s New Guidelines On Crude Exports Tackle Oil Theft, Boost Revenue Generation

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