Oil

Dangote Refinery Pauses Operations The Dangote Petroleum Refinery has suspended the loading of petrol at its facility until further notice, bringing operations at the loading gantry to a temporary halt. The development forced tanker…
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Tinubu Acts On Power Grid Bola Ahmed Tinubu has approved the creation of a special committee to address ongoing problems affecting Nigeria’s power grid. The move is aimed at improving electricity stability and reducing frequent…
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Power Crisis Deepens Nationwide Electricity generation in Nigeria has dropped sharply to 3,940 megawatts after several power plants shut down due to disruptions in gas supply. The fall in output occurred as gas shortages forced a…
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Dangote Refinery Promises Steady Petrol Supply Dangote Petroleum Refinery & Petrochemicals has assured Nigerians that petrol supply will remain stable despite recent turbulence in the global oil market. The company said it has…
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NNPC Raises Petrol Price The Nigerian National Petroleum Company Limited (NNPC) has increased the pump price of petrol at its retail stations in Lagos and Abuja. Checks on Wednesday showed the national oil company now sells petrol at…
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Cooking Gas Prices Rise Across Nigeria Depot owners nationwide have raised the price of liquefied petroleum gas (LPG), commonly known as cooking gas, by around N100 per kilogramme. This increase comes amid recent global crude oil…
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NNPCL, Marketers Raise Petrol Price The Nigerian National Petroleum Company Limited (NNPCL) and several other filling stations have increased the pump price of Premium Motor Spirit (petrol). In Abuja, the price has risen to as high…
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Tinubu’s Oil Revenue Reform Gets Governors Support The 36 state governors under the Nigeria Governors’ Forum have backed President Bola Tinubu’s directive that oil and gas revenues be paid directly into the Federation Account. In a…
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Tinubu Moves To Tighten Oil Cash Flow President Bola Tinubu’s government has cleared a transition window for oil firms to start paying petroleum earnings straight into the Federation Account after the rollout of Executive Order 9. …
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Tinubu Speaks on Fuel Subsidy Removal President Bola Tinubu has said public anxiety over the removal of fuel subsidy has eased. He made this known while assessing the impact of the government’s economic reforms and the mood across…
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