Oil & gas

Shock as Fuel Price Drop in Nigeria After Dangote Refinery Move

Petrol prices have dropped across Nigeria after marketers reduced pump rates following Dangote Refinery’s cut in its petrol gantry price, easing pressure on motorists and businesses. Marketers Slash Pump Prices...

Africa’s largest Bank backs Dangote refinery IPO

Africa’s largest financial institution, Standard Bank Group, has reaffirmed its commitment to support the growth of Dangote Industries...

Why Nigeria, UAE’s non-oil trade hit $5bn in 2025

Non-oil trade between Nigeria and the United Arab Emirates (UAE) increased to $5 billion in 2025. A statement signed...

Dangote Refinery IPO Set for September as Demand Hits $2bn

Aliko Dangote has confirmed that the Dangote Refinery Initial Public Offering (IPO) will launch in September after attracting...

Dangote Refinery files suit against FG, NNPCL, Oil marketers

Dangote Petroleum Refinery has moved to halt the continued importation of petrol into the country through a...
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Russia bans gasoline exports for 6 months from March

MOSCOW, Feb. 27, 2024 (Reuters) - Russia on Tuesday ordered a six-month ban on gasoline exports from March 1 to keep prices stable amid...

Fuel pump price up to N617 per litre

The Price of Petroleum Motor Spirit (PMS), otherwise known as petrol or fuel, has increased to about N617 per litre across filling stations.

Why petrol scarcity will end Wednesday – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has promised to resolve the current petrol scarcity by Wednesday. Olufemi Soneye, its Chief Corporate Communications Officer, made...

NNPCL blames market forces for new increase of petrol price

Mele Kyari, the Group Chief Executive Officer (GCEO) of the NNPCL, has blamed market forces for the new hile in price of petrol.

Seplat, NNPC empower science teachers, inspectors in Edo, Delta

Benin, Nigeria - The Management of Seplat Energy JV, in collaboration with NNPC E&P Ltd., on Thursday graduated 327 Science, Technology, Engineering, Arts, and...

I’ve come with one agenda, to increase oil production – Minister

Sen. Heineken Lokpobiri, Minister of State (Oil) Petroleum Resources, has assured Nigerians of increased oil production on a sustainable basis.
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