Oil & Gas
Dangote Refinery to Withdraw Lawsuit Against NMDPRA Over Petroleum Import Licences
The Dangote Group has announced that its subsidiary, Dangote Petroleum Refinery and Petrochemicals, plans to withdraw its lawsuit against the...
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TotalEnergies to Invest in Bonga North Offshore Project, Expanding Nigerian Offshore Operations
TotalEnergies has secured board approval for a major investment in Nigeria's Bonga North Offshore project, reinforcing its commitment to expanding...
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Nigeria Launches Export Skills Acquisition Centre to Boost Fashion E-commerce and Non-Oil Exports
The Federal Government has unveiled the Export Skills Acquisition Centre (ESAC) in Apapa, Lagos, aimed at positioning Nigeria to capitalize...
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Oil Prices Drop 2% as OPEC Lowers Demand Forecast for 2024
Oil prices fell by 2% on Monday after the Organisation of the Petroleum Exporting Countries (OPEC) revised its global oil...
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Nigerian Government Unveils ‘Buy Now, Pay Later’ Scheme to Promote CNG Adoption
The Nigerian government has introduced a "Buy Now, Pay Later" initiative to accelerate the adoption of Compressed Natural Gas (CNG)...
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Nigeria’s Oil and Gas Industry Owes $6.07bn and N66.4bn in Outstanding Revenues – NEITI Report
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that outstanding revenues owed to the Federal Government by the oil...
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CBN Allocates $2.97 Billion for Fuel Imports Amid Dangote Refinery Controversy
The Central Bank of Nigeria (CBN) has disbursed $2.97 billion to oil industry players for the importation of petroleum products...
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Nigerian Finance Minister Inaugurates Committee to Facilitate Crude Oil Sales to Local Refineries in Naira
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has inaugurated a technical sub-committee to develop a...
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NNPC to Boost Crude Oil Production to Two Million Barrels Per Day
The Nigerian National Petroleum Company Limited (NNPC) has announced its goal to increase crude oil production to two million barrels...
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Federal Executive Council Directs NNPC to Supply Crude Oil to Local Refineries
The Federal Executive Council has mandated the Nigerian National Petroleum Corporation (NNPC) to sell crude oil to local refineries, including...
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