Oil

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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State governments across Nigeria are now receiving far more money following the removal of fuel subsidy, according to the Minister of the Federal Capital Territory, Nyesom Wike, who spoke during an end-of-year media briefing in Port…
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Nigerians are demanding answers after the Socio-Economic Rights and Accountability Project took all 36 state governors and the Federal Capital Territory minister, Nyesom Wike, to court over unaccounted fuel subsidy savings running into…
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The Petroleum Products Retail Outlets Owners Association of Nigeria is urging the Federal Government to sell Nigeria’s four state-owned refineries operated by NNPC Limited to private investors. The call was made this week as PETROAN…
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Nigerians are set to pay less for petrol as Dangote Petroleum Refinery rolls out a new pump price of ₦739 per litre across the country through MRS Oil filling stations. The price cut was announced by Dangote Refinery, which is supplying…
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Nigeria’s state oil firm, NNPC Limited, has reduced the pump price of petrol to ₦835 per litre across its retail outlets, responding to changing conditions in the downstream market. The price cut took effect this week at NNPC filling…
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Independent petroleum marketers in Nigeria have announced plans to move into refinery ownership while directing their members to buy fuel from the Dangote Petroleum Refinery as part of efforts to strengthen local refining. The plan was…
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President Bola Tinubu has moved to replace the leadership of the Nigerian Upstream Petroleum Regulatory Commission following the resignation of its chief executive, Gbenga Komolafe. Komolafe stepped down from his position as head of the…
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