Federal Executive Council reinstates the Naira-for-Crude initiative, mandating crude oil sales to local refineries in naira to support local refining
The National Institute for Policy and Strategic Studies (NIPSS) predicts that petrol prices in Nigeria will drop to ₦750 per litre by year-end as the Dangote Refinery and others begin operations.
The Federal Government may extend its naira-for-crude policy as talks with Dangote Refinery and NNPC loom as initial deal ended on March 31
Nigerians may face increased fuel prices as Dangote Refinery halts petroleum product sales in Naira, citing crude purchase obligations in US dollars.
Nigeria’s Trans-Niger Pipeline resumes operations after an explosion disrupted oil exports, amid state of emergency in Rivers State.
Federal Government has approved a modular refinery in Abia State, to be built by H.I.S. Refinery and Petrochemical Company
Renaissance completes deal to buy-off of Shell Assets in Nigeria following delayed approval from the Federal Government.
Nigeria’s oil and gas sector secured $17 billion in foreign investment in 2024, due to regulatory reforms signed by President Tinubu.
NNPCL denies reports of terminating its crude oil sales deal with Dangote Refinery, confirming ongoing discussions for a new contract.
Nigerian National Petroleum Company (NNPC) has slashed its petrol pump price to N860 per litre, matching Dangote Refinery
