Nigeria: NNPC Paid N5.58tr to Government in 4 Months - Report

The Nigerian National Petroleum Company Limited (NNPCL) has stated that it made N5.58tr statutory payment to the federal government from January to April, 2025. Read more »

Nigeria: Why Nigeria's Oil Production Level Stagnated in Past One Year - Minister

The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has decried the lack of significant increase in Nigeria's crude oil production in the past one year. Read more »

Nigeria: FG Moves to Enforce $300 Helicopter Levy As IOCs Get 7-Day Ultimatum

There is an imminent showdown between the federal government and international oil companies (IOCs) and the operators of floating production storage and offloading (FPSO) in… Read more »

Nigeria: Cautious Optimism As Crude Oil Prices Drop Below $70 After Iran-Israel Ceasefire

Oil prices dropped dramatically yesterday after a ceasefire was agreed between Israel and Iran, putting a pause to 12 days of tension in the Middle East. Read more »

Nigeria: Iran-Israel War - Petrol Nears N1,000/L in Nigeria, Marketers Predict Further Hike

From Abdullateef Aliyu and Dotun Omisakin, Lagos; Faruk Shuaibu; Ahmad Datti and Salim Umar Ibrahim, Kano Read more »

Nigeria: NNPCL Adjusts Petrol Price From N910 to N945 in Abuja

The Nigerian National Petroleum Company Limited (NNPCL) has increased prices of fuel from N910 to N945 in Abuja. Read more »

Nigeria: Reactions As Dangote Deploys 4,000 Trucks for Fuel Supply

The deployment of 4,000 trucks by the Dangote Petroleum Refinery to enhance fuel distribution across Nigeria has sparked a nationwide debate, drawing praise and skepticism from… Read more »

Nigeria: NUPRC to Begin Tracking of Crude Oil Cargoes

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the release of new guidelines for the advanced cargo declaration regime, a move aimed at enhancing… Read more »

Nigeria: What Hike in Oil Prices Means for Nigeria - Analysts

Oil prices have sustained an upward rally as Brent Crude hit $76.10 per barrel, raising hope for higher reserves accretion, stable naira and elevated dollar liquidity, Daily Trust… Read more »

Nigeria: Marketers Kick Over Dangote's Fuel Distribution Plan

The announcement by Dangote Refinery and Petrochemical Limited to commence fuel distribution directly to marketers, filling stations nationwide is causing disquiet in the oil and… Read more »

Nigeria: Lagos Govt, Marketers' Dispute Threatens Fuel Distribution Nationwide

There is an imminent disruption in fuel supply following the failure of petroleum marketers and truck owners to lift products at Dangote Refinery and Lekki Seaport, Daily Trust can… Read more »

Nigeria: Experts Task NNPCL On Transparency in Oil, Gas Sector

Following the release of its April operational report, stakeholders and experts have emphasised the need for the Nigerian National Petroleum Company Limited (NNPCL) to go beyond… Read more »

Nigeria: Navy Destroys 5 Illegal Refining Sites, 50,000 Litres of Stolen Crude in Rivers

Operatives of the Nigerian Navy Ship (NNS Pathfinder) have deactivated five illegal refining sites and 50,000 litres of stolen crude at Ogba/Egbema/Ndoni Local Government Area of… Read more »

Nigeria: Dangote Refinery to Begin Nationwide Distribution of PMs, Diesel

The Dangote Petroleum Refinery has announced that it will begin distribution of Premium Motor Spirit (PMS) and diesel nationwide. Read more »

Nigeria: FG Intervenes in Sterling Oil, Pengassan Dispute

The federal government has intervened in the industrial dispute between Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) and the Petroleum and Natural Gas… Read more »

Nigeria: No Final Decision Made On $5bn Aramco Oil-Swap Deal - Govt

The Federal Government yesterday clarified that it has not taken a final decision on the $5bn forward sale of crude oil involving the Nigerian National Petroleum Company Limited… Read more »

Nigeria: Nigeria Moves to Produce Marine Fuel, Others - Govt

The Minister of Innovation, Science and Technology, Chief Geoffrey Uche Nnaji, has said Nigeria is currently developing a robust Green Methanol Industrial Complex, the highest in… Read more »

Nigeria: One Third of Dangote Refinery Crude Purchased From U.S. - Report

Nigeria, Africa's leading producer of crude oil, has increased its imports of U.S. WTI crude due to the Dangote Oil Refinery's growing appetite for the hydrocarbon, according to a… Read more »

Nigeria: Govts, IOCs Should Invest in New Oil & Gas Researchers - Expert

The Federal and State government, international oil companies, and corporate citizens have been urged to invest in a new generation of researchers and manpower in the oil and gas… Read more »

Nigeria: Controversy Rages Over $300 Helicopter Landing Levy for Oil Companies

There is no end in sight to the controversy generated by the introduction of a $300 helicopter landing levy for oil and gas companies, Daily Trust can report. Read more »

Nigeria: Questions Over P/Harcourt Refinery Shutdown After $1.5bn Rehabilitation

The announcement of the shutdown of the Port Harcourt Refining Company (PHRC) otherwise known as Port Harcourt Refinery by the Nigerian National Petroleum Company Limited (NNPCL)… Read more »

Nigeria: NAF Airstrikes Destroy 100 Illegal Refining Sites in 5 Months

The Nigerian Air Force (NAF) says the Air Component of Operation Delta Safe, has between January and May, destroyed more than 100 illegal refining sites through airstrikes in the… Read more »

Nigeria: Dangote Reduces Petrol Price Again

Dangote Petroleum Refinery and Petrochemicals has announced another reduction of N15 in the price of its high-quality Premium Motor Spirit (PMS), popularly known as petrol. Read more »

Nigeria: NNPCL to Resume Kolmani Drilling in Northeast

Two years after the launch of crude oil drilling at the border of Bauchi and Gombe states, the new head of Nigeria's National Petroleum Company Limited (NNPCL), Bayo Ojulari, has… Read more »

West Africa: The Terrorist Threat Spills Beyond the Sahel - Benin Sounds the Alarm

The recent terrorist attacks in Benin have become a troubling signal: the threat of terrorism is no longer confined to the Sahel region. Jihadist groups are expanding their reach… Read more »