Oil & gas

Dangote Refinery reduces petrol price to N1,200/litre

Dangote Refinery has rolled back its recent hike in fuel prices, reducing the ex-gantry cost of Premium Motor Spirit (PMS) by N75 to N1,200 per litre, according to industry...

Oil prices may hit $200 as Trump targets Iran

Oil prices jumped and global markets fell after U.S. President Donald Trump said the United States might seize...

Fresh lawsuit exposes Tinubu government’s propaganda…

The Atiku Media Office notes with grave concern the latest development in the long-running OPL 245 dispute, which...

Association urges reliable crude supply for local refinery

The Nigeria Auto Journalists Association (NAJA has urged Federal government to strengthen local refinery capacity through reliable crude...

Dangote Refinery Hikes Petrol Price to N1,175/Litre

Nigeria's fuel market reels from a brutal price swing. The Dangote Petroleum Refinery has slammed the brakes on...
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Energy transition in Africa: Lessons from South Africa, Senegal

By NJ Ayuk (Executive Chairman, African Energy Chamber) Just Energy Transition Partnerships (JETP) have been introduced in recent years to provide financial support to developing...

Nigerians face difficulty in purchase of cooking gas as prices soar

The scarcity of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has spread across several Nigerian cities, with residents of Lagos, Ogun, Ibadan,...

FG, NLC meeting on fuel subsidy removal ends in deadlock

The meeting between the Federal Government and the Nigerian Labour Congress (NLC) over fuel subsidy removal has ended without a consensus.

Gaza ceasefire halts the oil price rally

Oil prices have stopped rallying as a ceasefire agreement between Israel and Hamas could lead to the end of the Houthi bombardments of the...

Why Nigeria’s oil rigs rise by 762% to 69 in 4 years — NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that the oil rig count in the country rose from eight in 2021 to 69...

Why Goldman Sachs worry over Wagner’s threat to oil prices

Goldman Sachs, a leading global investment bank, has expressed concerns about the potential impact of the rise of the mercenary group, Wagner, on the global oil market.
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