Oil & Gas
10,000 Oil Marketers May Shut Over Soaring Fuel Prices
Nigeria’s fuel consumption has dropped drastically, with oil marketers facing immense losses and nearly 10,000 dealers on the brink of...
Read more
Nigeria Government to Ban Export of Cooking Gas, Check Why
The Federal Government of Nigeria has announced an immediate halt to the export of locally produced Liquefied Petroleum Gas...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
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)...
Read more
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...
Read more
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...
Read more
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...
Read more