Breaking News
Nigeria’s Petrol Landing Cost Declines to N922.65 Amid Market Adjustments
Nigeria’s petrol landing cost dropped to N922.65 per litre, signaling relief for importers and potential price adjustments.
27 January 2025
Oil Sector
Business
Nigeria’s Crude Oil Production Falls Slightly in December 2024
Nigeria’s daily crude oil production dropped to 1.48mbpd in December 2024, falling short of budget and OPEC targets.
18 January 2025
Breaking News
Petrol Price Surge to N1,150/Litre Amid Dangote Refinery Hike
Petrol prices in Nigeria rise to N1,150/litre following a price hike by Dangote Refinery and rising global crude oil costs.
18 January 2025
Breaking News
Warri Refinery: Petrol Loading Expected by February
The Warri Refining and Petrochemical Company (WRPC) anticipate petrol loading by February 2025 as production of diesel and kerosene resume.
5 January 2025
Breaking News
Federal Government Considers Reducing Crude Allocation to Dangote Refinery
Federal Government may reduce crude oil allocation to Dangote Refinery from 300,000 bpd as Port Harcourt and Warri refineries resume operations
2 January 2025
Breaking News
Warri Refinery Resumes Operations After Years of Inactivity
The Warri Refinery, with a 125,000 bpd capacity, has resumed operations at 60% capacity. This milestone reinforces Nigeria’s energy security
31 December 2024
Business
Olam Group Completes $1.24 Billion Stake Sale to Saudi Arabia’s SALIC
Olam Group sells a 35.43% stake in its agricultural wing to Saudi Arabia’s SALIC for $1.24 billion. The partnership aims to boost food security
27 December 2024
Business
MRS Oil Lowers Petrol Price To N935 Per Litre Across Stations
In the spirit of Yuletide MRS Oil crashes petrol prices across all stations following a new partnership with Dangote refinery.
24 December 2024
Business
Saipem Secures $900 Million Offshore Oil Contract
Saipem, in partnership with AVEON Offshore and KOA Oil & Gas, wins a $900 million contract from Shell for Nigeria’s Bonga North Project
23 December 2024
Business
Oando Reports N3.2 Trillion Revenue Amid Operational Challenges in Q3 2024
Oando PLC shows resilience in Q3 2024, achieving 36% revenue growth despite a 5% production cut due to vandalism.
20 December 2024
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