Oil

Gas Problem Hits National Grid Nigeria’s national electricity grid has traced the country’s erratic power supply to a shortfall in gas deliveries to thermal power stations. Grid managers said the drop in fuel supply has slowed…
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Tinubu Sets New Rule On Oil Income Leakages President Bola Tinubu has signed a new Executive Order directing that all revenues from Nigeria’s oil and gas sector be paid straight into the Federation Account. The decision was taken in…
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Dangote Restarts PMS Distribution Under New Law Dangote Refinery has resumed the sale of Premium Motor Spirit to major marketers and depot owners after a fresh distribution plan received approval from the Nigerian Midstream and…
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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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