Oil and Gas
Experts Warn World Bank Fuel Import Advice Could Undermine Nigeria’s Energy Independence
Energy experts have strongly criticised recent recommendations by the World Bank urging Nigeria to deepen fuel importation and fully liberalise its downstream petroleum...
Dangote Refinery Blames Global Crude Market for High Petrol Prices in Nigeria
Management of the Dangote Refinery has attributed the persistent high cost of petrol in Nigeria to global market forces, despite the country’s growing...
CBN Removes Cash Pool Rule for Oil Companies to Boost Forex Market
The Central Bank of Nigeria has officially removed the cash pool requirement previously imposed on export proceeds of International Oil Companies, marking a...
President Tinubu to Flag Off Niger Delta Investment and Economic Summit in Port Harcourt
President Bola Ahmed Tinubu is set to lead a gathering of dignitaries, investors, and industry leaders at the Niger Delta Investment and Economic...
Commitment Key to Niger Delta Development Ogbuku Tells Stakeholders
The Managing Director of the Niger Delta Development Commission NDDC Samuel Ogbuku has said that the Niger Delta region possesses the financial strength...
Otedola Hails Dangote as Refinery Hits 650000 Barrels Per Day Capacity
Billionaire businessman and philanthropist Femi Otedola has congratulated the President of the Dangote Group, Aliko Dangote, following the Dangote Petroleum Refinery’s attainment of...
Port Harcourt Refinery 90 Percent Ready, Could Resume Within a Week – PENGASSAN
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has revealed that the old Port Harcourt Refinery has been rehabilitated to...
Africa Must Shift Global Energy Dialogue to Inclusive Energy Mix – Minister Lokpobiri
Minister of State for Petroleum Resources, Heineken Lokpobiri, has called on African countries to advocate for a global energy conversation that prioritises a...
NNPC Spent N13.2tn on State Refineries Despite Mounting Losses
The Nigerian National Petroleum Company Limited injected an estimated N13.2 trillion into the country’s three state owned refineries between 2023 and 2024, despite...
NNPC Plans Equity Partnerships to Revive State Refineries as Dangote Offers Supply Relief
Nigeria’s long troubled state owned refineries with a combined capacity of 445000 barrels per day may be headed for a reset as the...
