Oil

Atiku Criticizes Tinubu's Refinery Bill Former Vice President Atiku Abubakar has criticised spending on Nigeria’s refineries, saying the Nigerian National Petroleum Company Limited’s admission on the Port Harcourt Refinery backs his…
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Ex Petroleum Minister Denies Charges In Court Who appeared in court was former Nigerian petroleum minister Diezani Alison-Madueke, who on Tuesday pleaded not guilty to several bribery charges as her trial began at Southwark Crown Court…
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Tinubu Consents To Oil Drilling In Ogun President Bola Tinubu has approved commercial oil drilling in Ogun State, opening a new chapter for the state’s role in Nigeria’s energy sector. The decision came after geological surveys and…
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Ex Petroleum Minister Faces £100,000 Bribery Case A former Nigerian petroleum minister, Diezani Alison-Madueke, appeared before a London court over allegations linked to a £100,000 bribery case, reopening international scrutiny around…
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The price war in Nigeria’s downstream oil sector has intensified, with some filling stations now selling petrol below the N739 per litre benchmark set by the Dangote Petroleum Refinery. This follows Dangote’s December price cut, which…
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Aliko Dangote, President of Dangote Industries Limited, has formally petitioned the Economic and Financial Crimes Commission (EFCC) over alleged corruption by Farouk Ahmed, former CEO of the Nigerian Midstream Downstream Petroleum…
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Dangote Petroleum Refinery says it is still operating and has not shut down, countering claims making the rounds about a halt in production at the facility. The company made this known after reports suggested the refinery had stopped…
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A Federal High Court in Abuja has ordered the temporary takeover of N30.7 million linked to an alleged fraud case involving officials of the Nigerian National Petroleum Company Limited. The order was granted on Monday by Justice Emeka…
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President Bola Tinubu has forwarded the names of 21 nominees to the Senate for confirmation as board members of Nigeria’s key oil and gas regulatory bodies. The nominations cover the Nigerian Upstream Petroleum Regulatory Commission and…
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The African Democratic Congress has accused President Bola Tinubu of acting beyond his powers by approving the cancellation of debts owed by the Nigerian National Petroleum Company Limited to the federation account. The party reacted on…
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