Oil

The Nigerian National Petroleum Company Limited (NNPCL) has raised the pump price of petrol at its retail stations, with Abuja residents now paying N955 per litre, up from N890. This marks a N65 increase, even as the company has yet to…
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Confusion continues to swirl around the leadership of the Nigerian National Petroleum Company Limited following rumours that its Group Chief Executive Officer, Bayo Ojulari, has stepped down under pressure. The Economic and Financial…
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The Dangote Petroleum Refinery and Petrochemicals has appointed David Bird as its new Chief Executive Officer as it looks to boost production and extend its footprint across Africa. Bird, who previously led Oman’s Duqm Refinery and…
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The Nigerian Navy has dismantled 10 illegal refineries in the creeks of the Niger Delta, as part of its renewed push to curb crude oil theft and sabotage. The operation was carried out by personnel from Forward Operating Base (FOB)…
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The Nigerian National Petroleum Company Limited has confirmed it will not sell the Port Harcourt Refinery, ending speculation that followed earlier comments suggesting a possible change in the refinery’s future. This announcement was…
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The Nigerian Senate has passed a bill to establish a federal oil and gas hospital in Benikrukru, Delta State. The move aims to improve healthcare for oil and gas workers as well as residents of host communities affected by the…
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Two fuel-loading terminals in Lagos have been shut down by the Nigerian Maritime Administration and Safety Agency for failing to meet international safety standards. The terminals, ShellPlux and TMDK, are located in the Ijegun-Egba…
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