Oil

Dangote Rejects NNPC Stake Increase President of the Dangote Group, Aliko Dangote, has revealed that his company turned down attempts by the Nigerian National Petroleum Company Limited to increase its ownership in the Dangote Petroleum…
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FCCPC Supports Lagos Billing Reform The Federal Competition and Consumer Protection Commission has supported Lagos State’s plan to remove estimated billing in the electricity sector. It also called on other states in Nigeria to…
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NNPC Sends Oil Billions To FG The Nigerian National Petroleum Company Limited and the Nigerian Upstream Petroleum Regulatory Commission remitted more than N322bn and $116.9m into the Federation Account within two months after President…
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Dangote Picks Kenya Over Tanzania For Africa Refinery African billionaire Aliko Dangote is considering Kenya as the preferred location for a proposed $17 billion oil refinery planned for East Africa. The refinery, expected to…
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NNPCL Moves To Revive Refineries The Nigerian National Petroleum Company Limited has signed a Memorandum of Understanding with two Chinese firms to revive and expand the Warri and Port Harcourt refineries. The move is part of…
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Abuja Drivers Park Cars Over Petrol Price Residents in Abuja have begun abandoning their private cars as fuel prices rise, forcing many to rely on public transport to cope with daily movement across the city. The shift has become…
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Tinubu Sacks NMDPRA CEO Bola Tinubu has removed Saidu Mohammed as head of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and named Rabiu Abdullahi Umar as his replacement. The change was announced on…
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Refinery Cushions Petrol, Diesel Prices - Dangote Official In Nigeria, a senior official of the Dangote Group has disclosed that its refinery has been cushioning petrol and diesel prices for local buyers. The move comes amid rising…
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NNPC Refineries Are Beyond Repair - Obasanjo In Nigeria, former President Olusegun Obasanjo said the nation’s refineries may never work again, raising concerns about the oil sector. He spoke during a television interview on Saturday…
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Nigeria Fuel Prices Set To Fall The reopening of the Strait of Hormuz on Friday has led to a drop in global crude oil prices, raising expectations of lower petrol costs in Nigeria. The waterway had earlier faced tension linked to…
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