Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts
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...
Tuesday, April 8, 2025

Nigerian troops arrest dozens in week-long oil theft crackdown

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Nigerian troops arrested 43 suspected oil thieves and seized more than 254,000 litres of stolen fuel in a series of operations across the oi...
Wednesday, April 2, 2025

Ex-Shell chief now heads Nigeria’s NNPC

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President Bola Tinubu on Wednesday sacked the board of the state-oil firm, NNPC , including its Group Chief Executive Officer (GCED), Mele K...
Tuesday, April 1, 2025

Nigerian Government, Dangote Could Begin Talks Over Naira-for-Crude Deal Renewal

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The Nigerian government could reopen discussions with Dangote Petroleum Refinery on the naira-for-crude deal, as uncertainty lingers over it...
Friday, March 21, 2025

Video - Nigeria's petrol import expenditure soars to all-time high in 2024

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Nigeria spent $9.64 billion on petrol imports in 2024, a 105 percent increase from 2023. This sharp rise underscores the country’s contin...

Nigerian lawmakers back president's emergency rule in oil-rich state

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Nigerian lawmakers approved on Thursday President Bola Tinubu's state of emergency measures and suspension of an opposition governor in...
Wednesday, March 19, 2025

Bid by Nigeria's NNPC to halt Dangote refinery lawsuit rejected by judge

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A Nigerian judge on Tuesday dismissed state oil company NNPC Ltd's objection to its inclusion in a lawsuit brought by Dangote Oil Refine...

President Tinubu suspends the governor of an oil-rich state in rare emergency rule

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Nigeria’s leader declared an emergency in oil-rich Rivers state and suspended its governor and lawmakers Tuesday over a political crisis and...

Nigeria declares state of emergency in Rivers State over pipeline vandalism

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Nigerian President Bola Tinubu declared a state of emergency on Tuesday in oil-producing Rivers State and suspended the state governor, his ...