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
Oil Sector
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
Breaking News
Nigeria’s Oil and Gas Sector Attracted $17 Billion in Foreign Investment in 2024 – NNPC
Nigeria’s oil and gas sector secured $17 billion in foreign investment in 2024, due to regulatory reforms signed by President Tinubu.
13 March 2025
Breaking News
NNPCL Clarifies Crude Oil Sales Agreement with Dangote Refinery
NNPCL denies reports of terminating its crude oil sales deal with Dangote Refinery, confirming ongoing discussions for a new contract.
11 March 2025
Breaking News
NNPC Reduces Petrol Price to N860 Per Litre
Nigerian National Petroleum Company (NNPC) has slashed its petrol pump price to N860 per litre, matching Dangote Refinery
4 March 2025
Breaking News
Dangote Refinery Boosts Production to 85%, Aims for Full Capacity in 30 Days
Dangote Refinery increases output to 85% of its 650,000 bpd capacity, targeting full production within 30 days.
11 February 2025
Breaking News
NNPCL Flags Off Construction of Five Mini LNG Plants in Ajaokuta
Nigerian National Petroleum Company Limited (NNPCL) has launched the construction of five mini Liquefied Natural Gas (LNG) plants in Ajaokuta
31 January 2025
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
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
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