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Oil & Gas - Page 96

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

Edo Receives 784,000 Litres Of Fuel As Task Force Set To Begin Monitoring Distribution, Pricing

News·Oil & Gas

Fuel Scarcity: Edo Receives 784,000 Litres Of Petrol, Task Force Set To Monitor Distribution, Pricing

Edo State Government has said it is stepping up efforts to find lasting solutions to distribution challenges and price hikes of petroleum products in the state, noting that the state has received 784,000 litres of fuel, which will be adequately monitored to

February 1, 2023

NCDMB, BOI Launch $50m Fund For Oil Industry Manufacturing

Oil & Gas

NCDMB Pledges Continuous Support To Local Content Development In Africa

The Nigerian Content Development and Monitoring Board (NCDMB) is ever ready to support other African nations in developing and implementing local content policies as a strategy for improving indigenous participation and value optimisation from hydrocarbons and mineral resources. The Executive Secretary, NCDMB,

January 31, 2023

News·Oil & Gas

Fuel Scarcity Protest In Edo Enters Day 2, As Youths Block Benin-Lagos Expressway

Protest over fuel scarcity which started in parts of Edo State on Monday morning, entered Tuesday, with angry youths blocking major roads in the state including the Benin-Lagos Expressway. A video of the protest seen on Twitter shows fire on the road

January 31, 2023

Nigeria Week Ahead: CBN Rate Decision, Inflation & Oil in Focus

Business News·Oil & Gas

Norwegian Oil Firm To Reduce Business In Nigeria, Sell $3.5 billion Oilfield Stake

Investment bank, Standard Chartered, has been hired by Norwegian energy firm, Equinor, to sell its stake in the offshore Agbami oilfield. Equinor opted to sell the stake due to a reduction in production output from the Agbami oilfield, according to a report by

January 27, 2023

FG To Share $800 million Among 50 million Nigerians After Removal Of Fuel Subsidy

Business News·Oil & Gas

Oil Minister Buhari Sets Up Petrol Committee As Litre Price Nears N300

President Muhammadu Buhari, who also doubles as Minister of Petroleum Resources, has created a 14-man Steering Committee on Petroleum Products Supply and Distribution management. Buhari instituted the committee to probe and resolve the current scarcity of Premium Motor Spirit (PMS), according to

January 25, 2023

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

Business News·Oil & Gas

Petrol May Hit N800 Per Litre – Oil Marketers Give Reasons

The Secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN), Abuja-Suleja, Mohammed Shuaibu, has disclosed that the cost of Premium Motor Spirit (PMS) could rise to N800/litre even as petrol scarcity persists. According to Shuaibu, the removal of the fuel subsidy will cause

January 23, 2023

How Strong Competitive Market Will Stabilise Fuel Price In Nigeria

Business News·FEATURES·Insights·Oil & Gas

Top Five Nigerian Oil Companies By Revenue Market Share

Despite the scarcity of Premium Motor Spirit (PMS) in 2022, which led to some retailers shutting down their outlets, the revenue generated by the oil sector grew by 32.61 per cent. According to the financial statements of six oil companies analysed by

January 23, 2023

Business News·Oil & Gas

Oil Marketers Complain Of NNPC’s Handling Of Fuel Supply, As Petrol Hits N300 Per Litre

The Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abuja-Suleja, Mohammed Shuaibu, has revealed that the Nigerian National Petroleum Company (NNPC) Limited is yet to respond to their request for Premium Motor Spirit (PMS) supply. According to Shuaibu, all depots

January 20, 2023

Business News·Oil & Gas

Finance Minister Reveals Why Buhari Is Handing Fuel Subsidy To Peter Obi, Others

The Minister of Finance, Zainab Ahmed, has revealed why the administration of President Muhammadu Buhari chose to delay the removal of fuel subsidy until the next administration. President Buhari had scheduled fuel subsidy removal for January 2022, but it was later postponed

January 18, 2023

Aliko Dangote Spent $18.5 billion To Build Refinery, Owes $2.7 billion Debt

Business News·Oil & Gas

Dangote Refinery Gets New Operational Date After 5 Years Postponement

Africa’s richest man, Aliko Dangote, will have his Dangote Oil Refinery commissioned on January 24, 2023, after operation on the refinery was postponed for six years. The refinery was initially scheduled to become operational in 2018. According to a report by Nairametrics,

January 13, 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 96

Uganda Targets First Pearl Sweet Crude Export in December

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

Fuel Scarcity: Edo Receives 784,000 Litres Of Petrol, Task Force Set To Monitor Distribution, Pricing

NCDMB Pledges Continuous Support To Local Content Development In Africa

Fuel Scarcity Protest In Edo Enters Day 2, As Youths Block Benin-Lagos Expressway

Norwegian Oil Firm To Reduce Business In Nigeria, Sell $3.5 billion Oilfield Stake

Oil Minister Buhari Sets Up Petrol Committee As Litre Price Nears N300

Petrol May Hit N800 Per Litre – Oil Marketers Give Reasons

Top Five Nigerian Oil Companies By Revenue Market Share

Oil Marketers Complain Of NNPC’s Handling Of Fuel Supply, As Petrol Hits N300 Per Litre

Finance Minister Reveals Why Buhari Is Handing Fuel Subsidy To Peter Obi, Others

Dangote Refinery Gets New Operational Date After 5 Years Postponement

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