December 07, 2023
Nigeria: Dangote Refinery Set to Commence Fuel Production As First Crude Oil Shipment From Agbami Arrives Facility
Africa's largest oil refinery and the world's biggest single-train refiner, Dangote Refinery, is set to begin fuel production as the first crude oil shipment from Agbami arrives at… Read more »
Nigeria: Former NUPENG General Secretary, Frank Kokori, Dies At 80
A foremost trade unionist and former General Secretary of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), Chief Frank Kokori, has died. Read more »
December 04, 2023
Nigeria: No Worries, Nigeria Will Surpass Opec's 1.5m Bpd Oil Quota in 2024 - Govt
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said at the weekend that Nigeria remains on track to surpass the crude oil production quota handed… Read more »
November 19, 2023
Nigeria: To Ramp Up Oil Production, Govt Moves to Resolve Dispute Over Sale of $1.3bn ExxonMobil's Assets
The federal government has met with a team from Seplat Energy, to resolve the stalemate arising from the proposed $1.3 billion ExxonMobil's oil asset sale which has now been held… Read more »
November 06, 2023
Nigeria: Lokpobiri - We'll Hold NNPCL Accountable for Complete Rehabilitation of All Refineries By 2024
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has declared that the federal government would hold the Nigerian National Petroleum Company Limited (NNPCL)… Read more »
November 03, 2023
Nigeria: Dangote Refinery Begins Test Run with Domestic Crude
The Nigerian National Petroleum Company Limited (NNPC) will supply the new 650,000 barrel-per-day Dangote oil refinery with up to six million barrels of crude oil in December, to… Read more »
October 29, 2023
Nigeria: NUPRC Moves to Enforce Domestic Crude Oil Supply Obligation to Feed Emerging Refineries
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said it was taking all necessary steps within the provisions of the Petroleum Industry Act (2021) to ensure… Read more »
October 15, 2023
Nigeria: NNPC Jettisons Oil Swap Deals, Pays Cash for Fuel Imports
The Nigerian National Petroleum Company Limited (NNPC) has begun buying petrol via cash tenders, rather than oil swaps, for the first time in nearly a decade, four sources familiar… Read more »
October 05, 2023
Nigeria: Nigeria Must Break Shackles of Over-Reliance On Oil, Harness Non-Oil Potential for Export - Shettima
Vice President Kashim Shettima, yesterday said the country must take urgent steps to drastically reduce its over-dependence on oil and focus more on harnessing the untapped… Read more »
Nigeria: Niger Bans Export of Liquefied Petroleum Gas, Nigeria Impacted
Niger has banned all exports of liquefied petroleum gas (LPG) until further notice, the government said in a statement on Tuesday, a decision that will impact Nigeria which gets… Read more »
October 02, 2023
Nigeria: Oil Communities Call for Forensic Audit of Niger Delta Ministry, Seek Increased Funding for NDDC
Oil bearing communities in the Niger Delta region have called on President Bola Ahmed Tinubu, to institute a forensic team to audit activities of the Niger Delta Affairs Ministry… Read more »
September 21, 2023
Nigeria: NNPC Ready to Supply Our Refinery With Crude Oil in Few Weeks - Dangote
The President of the Dangote Group, Aliko Dangote, has risen in defense of the Nigerian National Petroleum Company Limited (NNPC) against the purported denial of crude oil supply… Read more »
Nigeria: Naira Weakens to 990/$1 On Parallel Market As Dollar Demand Overwhelms Supply
The naira came under intense pressure yesterday, leading to a significant depreciation as it fell to N990 to a dollar at the parallel market segment of the foreign exchange market,… Read more »
August 14, 2023
Nigeria: NLC Threatens to Embark On Strike Without Notice If Govt Increases Fuel Price Again
The Nigeria Labour Congress (NLC) has warned that its members will commence a nationwide strike without any formal notice if the Federal Government approves another increase in the… Read more »
August 13, 2023
Nigeria: Nigeria's Oil Output Slumps to 3-Month Low On Forcados Leak, Crude Theft
There appears to be no relief for Nigeria's struggling oil and gas industry as the country's crude production shrank to a three-month low of 1.081 million barrels per day in July,… Read more »
July 12, 2023
Nigeria: Tinubu Writes House, Seeks N500bn From 2022 Supplementary Budget for Subsidy Palliatives
President Bola Tinubu has requested the House of Representatives to amend the 2022 Supplementary Appropriation Act for subsidy palliatives. Read more »
June 16, 2023
Nigeria: Oil Marketers Demand Full Payment for Outstanding Petrol Equalisation Arrears
Petrol marketers, under the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA), have demanded full payment of arrears owed by the federal government under the now… Read more »
June 09, 2023
Nigeria: ExxonMobil President Visits Tinubu Amid Lingering Stalemate Over $1.3bn Oil Assets Sale
President Bola Tinubu yesterday pledged to ensure competition in the oil and gas industry in the country, following a visit by officials of ExxonMobil Nigeria, to the State House… Read more »
June 05, 2023
Nigeria: NNPC Ends Crude Swap Contracts With Foreign Refiners
Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, says the company has terminated its crude-for-petrol swap deal, otherwise… Read more »
June 01, 2023
Nigeria: Tinubu Has Directed Palliatives to Be Put in Place to Cushion Effects of Fuel Subsidy Removal, Says Kyari
Group Managing Director of Nigerian National Petroleum Corporation Limited (NNPCL), Mele Kyari has revealed that President Bola Tinubu has directed that some palliatives be put in… Read more »
Nigeria: With End of Subsidy, NNPC Raises Petrol Price to Between N488 and N557 Per Litre
Nigerian National Petroleum Company (NNPC) Limited, yesterday, adjusted the pump price of petrol by nearly 200 per cent, from N195 per litre to between N488 and N557 nationwide. Read more »
May 31, 2023
Nigeria: NNPC Raises Petrol Price to Between N488-N557 After Subsidy Removal
The Nigerian National Petroleum Company Limited (NNPC) has adjusted the pump price of petrol by nearly 200% to between N488 and N557 nationwide. Read more »
May 30, 2023
Nigeria: Tinubu - Subsidy Is Gone, Can No Longer Justify Ever Increasing Costs
President Bola Tinubu, yesterday, took the oath of office in Abuja as Nigeria's 16th president, and immediately swung into action, announcing, in his inaugural speech, an end to… Read more »
Nigeria: Dangote Refinery Will Bring Relief, Address Domestic Demands On Petroleum Products
The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday said it welcomed with high expectations the completion and commissioning of the multibillion dollars… Read more »
Nigeria: Shell Earmarks $56.13m for Host Community Devt in Bayelsa
The Shell Petroleum Development Company (SPDC), operator of the SPDC joint venture, has unveiled eight Host Community Development Trusts (HCDTs) in Bayelsa State, a critical step… Read more »