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Nigeria oil and gas updates

Tinubu Announces Resolution of OPL 245 Dispute, Paves Way for Deepwater Oil Investment

President Tinubu has announced the resolution of the long-running dispute over Oil Prospecting Licence (OPL) 245, clearing the path for the development of one of Nigeria’s most commercially promising deepwater oil blocks. The settlement, signed in Abuja, involves the Federal Government of

March 6, 2026

News·Oil & Gas

NCDMB Joins Forces With Waltersmith Refinery On Oil Industry Training For Graduates

The Nigerian Content Development and Monitoring Board (NCDMB) has partnered with Waltersmith Refining and Petrochemical Company Limited to offer young university graduates remedial training on oil and gas industry operations. The 12-month Nigerian Content NC-Remedial Training Programme kicked off on Friday, in

September 30, 2023

Business·News

Fuel Subsidy: Marketers Promise To Provide 100 Gas-powered Mass Transit Buses

As a way of supporting the Federal Government in surmounting the challenges posed by the removal of subsidy on petrol, the Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN), has promised to Provide between 50 and 100 mass transit buses that

June 8, 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·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

Jigawa Residents Spent More On Petrol In June

Business·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

Business·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

Business·Oil & Gas

Dangote Refinery, Game Changer For Nigeria’s Economy – Buhari

President Muhammadu Buhari has described the Dangote Petroleum Refinery as a game-changer for Nigeria’s economy. The president stated this on Monday, 22 May 2023, while commissioning the refinery located in Ibeju-Lekki, Lagos. The refinery, estimated to have the capacity to process about

May 22, 2023

Flood: SERAP Gives Presidency 7 Days To Recover Missing Ecological Funds

News·Oil & Gas

Investigate ‘Missing’ 149m Barrels Of Crude Oil, SERAP Urges Buhari

Socio-Economic Rights and Accountability Project (SERAP) has tasked President Muhammadu Buhari to set up a presidential panel of inquiry to probe the allegations that over 149 million barrels of crude oil are missing. SERAP’s demand is coming on the heels of a

April 24, 2023

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Nigeria oil and gas updates

Tinubu Announces Resolution of OPL 245 Dispute, Paves Way for Deepwater Oil Investment

NCDMB Joins Forces With Waltersmith Refinery On Oil Industry Training For Graduates

Fuel Subsidy: Marketers Promise To Provide 100 Gas-powered Mass Transit Buses

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

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

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

Dangote Refinery, Game Changer For Nigeria’s Economy – Buhari

Investigate ‘Missing’ 149m Barrels Of Crude Oil, SERAP Urges Buhari

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Appeal Court Dismisses Turaki Faction’s Appeal, Upholds Suspension of Anyanwu, Three Others in PDP Crisis

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CBN and Interest Rate Dynamics

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Appeal Court Dismisses Turaki Faction’s Appeal, Upholds Suspension of Anyanwu, Three Others in PDP Crisis

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