Oil & gas

Train Commercial Divers For Maritime, Oil Sectors, Stakeholders Urge A’Ibom Govt

By Dianabasi Effiong Stakeholders in the oil and gas and blue economy sectors have called on the Akwa Ibom State Government to take deliberate steps to develop a pool of...

Oil prices drop after US, Iran pause fighting over weekend

Oil prices tumbled more than 5% on Monday after the U.S. and Iran paused strikes over the...

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...

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...
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IOC’s divestment: We facilitate, not hinder process – NNPC Ltd

The Nigerian National Petroleum Company Limited (NNPC Ltd), as the largest partner to all the oil producing companies in Nigeria, has assured that its...

NNPC Ltd, partners launch 5LNG plants in Ajaokuta

PRESS RELEASE In furtherance of its efforts to deepen domestic gas utilization, in line with the Federal Government’s Gas Revolution Agenda, the NNPC Ltd and its partners...

NNPC denies reports of N3.3trn inflated subsidy claims

Abuja, June 10, 2024 – The Nigerian National Petroleum Company Limited (NNPCL) has denied reports of inflated subsidy claims to the tune of N3.3 trillion. Olufemi...

Why Nigeria will stop importing petrol this year – Kyari

Mele Kyari, the Group Chief Executive Officer, Nigerian National Petroleum Corporation (NNPC), says Nigeria will stop consuming imported Petrol by the end of 2024. “We...

Canada to collaborate with Nigeria on gas infrastructure development – Aduda

The Permanent Secretary, Ministry of Petroleum Resources, Mr Gabriel Aduda, says Canada has pledged to collaborate with Nigeria on developing a robust gas infrastructure network.

Petrol marketers threaten withdrawal of services

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has threatened to cripple the supply of Premium Motor Spirit (PMS), also known as petrol, over...
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