Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts
Wednesday, July 30, 2025

Video - Nigeria’s oil sector faces crisis amid underperformance

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The Nigerian Economic Summit Group warns that aging infrastructure, oil theft, and pipeline vandalism are crippling Nigeria’s oil and gas...

Importers undercut Africa’s richest man as fuel prices in Nigeria get more competitive

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This time, it is not the refinery that is driving the market, but rather the marketers who are lowering prices. According to recent investig...
Monday, July 28, 2025

Dangote Demands Fuel Import Ban to Protect Nigeria’s Refining Future

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  The owner of the biggest refinery in Africa, Aliko Dangote, has urged the government to ban the import of fuels in line with its “Nigeria ...
Friday, July 25, 2025

Video - Nigeria eyes regional role as refined fuel hub

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Nigeria’s oil minister, Heineken Lokpobiri, reaffirmed the country’s ambition to become a regional hub for refined petroleum products. De...
Monday, July 21, 2025

Video - Dangote refinery to provide free fuel distribution to Nigeria’s independent retailers

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The refinery will deliver fuel directly to consumers and independent retailers nationwide at no logistics cost, aiming to slash prices an...
Friday, July 11, 2025

Billions wasted on broken refineries - Africa's richest man tells his side of the story

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Dangote, CEO of the Dangote group recently called into question the likelihood of the state-owned Port Harcourt, Warri, and Kaduna refinerie...
Thursday, July 10, 2025

We’ve uncovered massive fraud in Nigeria’s oil and gas industry – EFCC

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The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, said the agency conducted a preliminary probe into Niger...
Tuesday, June 17, 2025

Fears of a Dangote monopoly spurs backlash against his fuel distribution plan

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  With free logistics provided as a sweetener to improve distribution, the company declared that it would start supplying Premium Motor Spir...
Tuesday, June 10, 2025

Dangote hints at major shake-up in Nigeria’s oil sector after Tinubu’s refinery visit

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Speaking to journalists after President Bola Tinubu’s recent visit to the $20 billion refinery complex in Lekki, Lagos, Dangote described th...
Friday, May 30, 2025

Nigeria offers oil tax relief for cost-cutting measures

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Nigerian President Bola Tinubu has signed an executive order introducing a performance-driven framework for oil sector operators, designed t...
Thursday, May 22, 2025

Dangote could have made $120b from big tech, but he chose to build for Nigeria

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  The Nigerian government has praised billionaire industrialist Aliko Dangote for prioritising national development over potential windfalls...
Wednesday, May 21, 2025

U.S. court dismisses $58 million Nigeria lawsuit in victory for Shell

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Law firm Haynes Boone defended The Shell Petroleum Development Company of Nigeria Limited (SPDC), now known as Renaissance Africa Energy Com...
Tuesday, May 20, 2025

Nigeria seeks to boost cocoa exports as oil falters

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  Almost four decades after Nigeria dispensed with a cocoa-industry regulatory board in 1986, a new executive bill is working its way to the...
Friday, May 16, 2025

Shell paid more taxes to Nigeria than anywhere else in 2024

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Shell paid $5.34 billion to Nigeria in 2024, the highest amount it paid to any country that year. The payments, which include taxes and othe...
Monday, May 12, 2025

Video - Nigeria on edge as falling oil prices raise economic fears

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Nigeria’s economic managers are concerned over the continued drop in global oil prices, warning of potential impacts on the oil-dependent...
Tuesday, May 6, 2025

Top officials barred from travel amid Nigeria's $2.9 billion oil refinery fraud

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In a recent development, the Nigerian Immigration Service confiscated the passports of multiple officials accused of mismanaging funds set a...
Monday, May 5, 2025

Dangote’s fight for Nigeria’s oil future continues as he vows to defeat the cabal

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The Nigerian billionaire, alluded to again, his a fight against some individuals in Nigeria's long-standing oil importation system, who ...
Wednesday, April 30, 2025

Nigerian National Petroleum Company sacks top officials

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The Nigerian National Petroleum Company Limited (NNPC Ltd) has sacked the managing directors of the three state-owned refineries. The compa...
Friday, April 18, 2025

Nigerian navy navy shuts down seven illegal refining sites in Delta

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In support of ongoing efforts to boost Nigeria’s daily crude oil production, Nigerian Navy personnel attached to Forward Operating Base (FOB...
Wednesday, April 16, 2025

Nigeria cuts petrol imports as local production rises

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the importation of premium motor spirit (PMS), also known...