Breaking News
No Competition Between Dangote Refinery And NNPC – Dangote
Aliko Dangote says Dangote Refinery is not competing with NNPC, as both firms agree to deepen collaboration for Nigeria’s energy security.
9 May 2025
Oil Sector
Business
ExxonMobil Commits $1.5 Billion to Nigeria’s Deepwater Oil Projects
ExxonMobil commits $1.5 billion to Nigeria’s deepwater oil projects, reinforcing confidence in the upstream sector
7 May 2025
Business
Seplat Energy Records N1.23 Trillion Revenue in Q1 2025
Seplat Energy reports a massive jump in Q1 2025 revenue to N1.228 trillion, driven by production growth, Mobil acquisition, and strong financial performance.
29 April 2025
Breaking News
Federal Executive Council Orders Full Implementation of Naira-for-Crude Policy
Federal Executive Council reinstates the Naira-for-Crude initiative, mandating crude oil sales to local refineries in naira to support local refining
10 April 2025
Breaking News
NIPSS Predicts Drop in Petrol Prices To As Low As ₦750 Before Year End
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.
1 April 2025
Breaking News
FG’s Naira-for-Crude Policy May Continue as Talks with Dangote Refinery Continues
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
1 April 2025
Breaking News
Dangote Refinery Suspends Naira Sales of Petrol
Nigerians may face increased fuel prices as Dangote Refinery halts petroleum product sales in Naira, citing crude purchase obligations in US dollars.
20 March 2025
Breaking News
Trans-Niger Pipeline Resumes Operations Amidst Rivers State Crisis
Nigeria’s Trans-Niger Pipeline resumes operations after an explosion disrupted oil exports, amid state of emergency in Rivers State.
19 March 2025
Breaking News
FG Approves Modular Refinery in Abia
Federal Government has approved a modular refinery in Abia State, to be built by H.I.S. Refinery and Petrochemical Company
17 March 2025
Business
Renaissance Completes Deal to Acquire Shell Assets for $2.4 Billion
Renaissance completes deal to buy-off of Shell Assets in Nigeria following delayed approval from the Federal Government.
14 March 2025
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