May 31, 2023
Nigeria: Petrol Subsidy Removal Not Immediate - Presidency Source
The removal of petrol subsidy will no longer be immediate, Vanguard gathered authoritatively last night. Read more »
May 30, 2023
Nigeria: It's Mischievous to Say Tinubu Removed Fuel Subsidy - Keyamo
Former Minister of State for Employment, Festus Keyamo on Tuesday described as mischievous reports published by a section of the media that President Bola Tinubu removed fuel… Read more »
May 31, 2023
Nigeria: Subsidy Removal - Foundation Laments Over PMs Selling N600 Per Litre in Edo
A nonprofit organization, One Love Foundation, OLF, Tuesday, lamented as pump price of Premium Motor Spirit, PMS, now sells for N600 per liter from N190 in Benin City, Capital of… Read more »
Nigeria: Subsidy - Queues Grow Longer Amid Uncertainty Over Take-Off Date
Queues at petrol stations in Abuja grew longer yesterday as consumers continued their effort to obtain the product at old pump price, even as confusion over the take-off date of… Read more »
May 29, 2023
Nigeria: Don't Be in a Hurry to Remove Fuel Subsidy, NUPENG Counsels Tinubu
Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has counseled Asiwaju Bola Tinubu, as he takes over the presidency of the country, not to rush in removing subsidy in… Read more »
May 26, 2023
Nigeria: 48 MIllion Barrels - Alleged Illegal Sale of Crude False, Malami Insists
Minister of Justice and Attorney General of the Federation (AGF), Abubakar Malami (SAN) has insisted that the allegation of illegal sale of 48 million barrels of crude oil valued… Read more »
May 25, 2023
Nigeria: Refinery - We'll Ask Dangote to Sell Forex At Good Rate - Emefiele
With the Dangote Refinery set to deliver its first products in July, the governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele, said yesterday that the refinery would be… Read more »
May 24, 2023
Nigeria: We Found Oil Where Others Ran Away - NNPC
Nigeria's hopes of increasing its crude oil reserves has received a fresh boost as the state-owned oil company, the Nigerian National Petroleum Company Ltd, has commenced an oil… Read more »
May 23, 2023
Nigeria: $21bn Revenue, 100,000 Jobs Coming From Our Refinery - Aliko Dangote
Amid encomiums from eminent personalities, including President Muhammadu Buhari and presidents of five other African countries, founder and President of Dangote Group, Alhaji Aliko… Read more »
May 22, 2023
Nigeria: Buhari Inaugurates Dangote Refinery, Calls It Game Changer for Nigeria's Economy
President Muhammadu Buhari Monday inaugurated Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, which is expected to enable Nigeria to achieve self-sufficiency in refined products… Read more »
May 12, 2023
Angola: Angola Overtakes Nigeria As Top African Crude Oil Producer
Angola has now emerged the topmost crude oil producer in Africa, upstaging Nigeria as the latter's output level hits a new low. Read more »
May 10, 2023
Nigeria: Shell Wins in UK Supreme Court in Nigerian Oil Spill Case
The United Kingdom Supreme Court has ruled in favour of leading British multinational oil and gas company, Shell on Wednesday that it was too late for Nigerian claimants to sue its… Read more »
April 28, 2023
Nigeria: Allegation of Missing 48m Barrels of Crude Baseless, Unfounded - Malami
The Minister of Justice and Attorney-General of the Federation, AGF, Abubakar Malami, SAN, yesterday described as baseless and unfounded allegations that 48 million barrels of… Read more »
April 25, 2023
Nigeria: NNPC Dismisses Reports of Inadequate Funding for AKK Gas Pipeline Project
Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), has dismissed reports claiming that the corporation failed to release funds for the… Read more »
April 19, 2023
Nigeria: Mele Kyari's Matchless Exploits At NNPC
In the tumultuous and often turbulent energy sector, nobody stands taller than Mele Kyari, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC). As the… Read more »
April 17, 2023
Nigeria: Fuel Subsidy - IMF Reluctant to Interfere With Nigeria's Decision
THE International Monetary Fund, IMF, has expressed disapproval of subsidy policies for certain commodities in Nigeria, Kenya and other countries in Sub-Saharan Africa, giving… Read more »
April 14, 2023
Nigeria: No Local Refining, No Subsidy Removal, NUPENG Warns
Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has warned the Federal Government not to contemplate the removal of the subsidy on petrol without local refining… Read more »
April 12, 2023
Nigeria: Oil Market - Nigeria, Russia Account for 440,000 Bpd Drop in Output - Report
The Organisation of Petroleum Exporting Countries, OPEC, and its allies popularly known as OPEC+, recorded a drop of 440,000 barrels per day, bpd oil output in March 2023, due to… Read more »
April 10, 2023
Nigeria: Nigeria's Oil Production Drops 2 Percent to 1.517million Bpd
Nigeria's oil production dropped month-on-month, MoM, by 2 per cent to 1.517 million barrels per day, bpd in March 2023, from 1.547 million bpd recorded in the preceding month of… Read more »
March 29, 2023
Nigeria: Absence of Metering System, Unworkable Security Arrangement, Cause of Oil Theft - Panel
The Special Investigative Panel on Oil Theft/Losses in Nigeria has attributed losses running into billions of US dollars being experienced in the oil industry to the absence of a… Read more »
March 21, 2023
Nigeria: Diesel Price Up 168% to N836.91 As Petrol Rises 54%
At the backdrop of the lingering scarcity of petroleum products, the retail price of diesel rose sharply Year-on-Year, YoY, by 168.26 per cent to N836.91 per liter in February 2023… Read more »
March 16, 2023
Nigeria: Oil Market - Nigeria's Bonny Light Rebounds, Hits $74.35per Barrel
.As OPEC, IEA present positive outlooks Read more »
March 07, 2023
Nigeria: Nigerians Groan Over Fuel Crisis, Queues
Many motorists in the Federal Capital Territory (FCT) have been groaning over the current fuel crisis and continuous queues at the fuel stations. Read more »
March 06, 2023
Nigeria: Oil Marketers, Tanker Drivers Resume Loading At Depots Nationwide - NMDPRA
THE Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, weekend, disclosed that operations in loading depots have resumed nationwide, following the successful… Read more »
March 03, 2023
Nigeria: Many Feared Dead As Explosion Rocks Crude Oil Tapping Point in Rivers
Many persons have been reported killed in an explosion that happened at the crude oil tapping point in a Rivers State Community. Read more »