Petrol Price Chaos: Nigerians Face Fresh Burden
By Gideon Osaka
In May 2023 when the multibillion-dollar Dangote Refinery was officially commissioned, it was hailed as a national pride and a monumental achievement for Nigeria’s petroleum sector. The 650,000 barrels per day (bpd)…
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US hails Dangote refinery as Nigeria’s petroleum exports surge seven times
Nigeria’s seaborne petroleum product exports have risen seven-fold since 2023, driven largely by increased production from the Dangote Petroleum Refinery, the United States Energy Information Administration (EIA) has said.
The EIA…
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Canada hits US with retaliatory tariffs
...Prime Minister Mark Carney previously vowed to match Donald Trump’s tariffs “dollar for dollar”
The Canadian government has announced that it will impose retaliatory tariffs of up to 50% on around 700 American products, after US…
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Dangote, Others Raise Petrol To N1,200/L Amid Crude Price Decline
Dangote refinery
Dangote Petroleum Refinery and Petrochemicals FZE has raised the minimum price of Premium Motor Spirit (petrol) from N1,185 to N1,200 per liter, starting August 26, 2026.
In a formal message to customers on Tuesday,…
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NCDMB Awards GeoPredict AI N25m As TIC 2026 Winner
GeoPredict AI has emerged winner of the Nigerian Content Development and Monitoring Board (NCDMB) maiden Technology Innovation Challenge (TIC) 2026, earning a N25 million prize for its artificial intelligence-driven solution for…
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Bonga South-West Aparo Project: NNPC, OML 118 Contractor Parties Execute PSC, DSA Addenda
...Project to Attract $15-21bn Investment, to Become Nigeria's Largest Deepwater Devt
The Nigerian National Petroleum Company Limited (NNPC) Ltd, and the OML 118 Contractor Parties — Shell Nigeria Exploration and Production Company…
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Many Taxes Now Being Enforced Have Long Existed But Were Dormant — Dare
Special Adviser to President Bola Tinubu on Media and Public Communications, Chief Sunday Dare, has said many of the taxes currently being enforced by the Federal Government are not new, but levies that had existed for years without…
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Nigeria’s Oil Output Wobbles After 10 Years Of Increase In Rigs
Output drops 20.8% in five mature assets — Report lNigeria’s influence within OPEC+ declines lWe are committed to optimising output — Renaissance, Eni lBad omen requiring urgent steps — Experts
There are indications that increased…
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14 Years After Oronsaye Report, Bloated Agencies Cost Nigeria N1trn In 2026
• Tinubu reneges on earlier promise, continues big government programme• Scrapped on paper, NPC gets N110.7b allocation• ‘Government should focus on reducing overlapping functions, not agencies’• Affected offices hang on to unattended…
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Nigeria’s $50bn Oil , Gas Investment Target Faces Local Financing Structure Challenges
Industry analyst has identified some challenges that could hinder anticipated growth in the country’s oil and gas investment strategy.
According to the analyst weak financing for deep offshore and onshore oil and gas projects in…
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World Cup Final Breaches: FIFA Fines Argentina $321,000, Hands Paredes 10-Match Ban
The Argentina Football Association (AFA) has been fined $321,000 (£238,000) by FIFA for disciplinary breaches arising from the World Cup final, with midfielder Leandro Paredes handed a 10-match suspension.
FIFA’s Disciplinary…
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