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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AEW 2026 to Explore Africa’s Shift from Local Content Participation to Industrialization
As Africa develops its estimated 125.3 billion barrels of crude oil and 620 trillion cubic feet of natural gas to strengthen energy security and expand local economies, local-content frameworks are entering a new phase.
Governments!-->!-->!-->!-->!-->…
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Shell reinforces safety commitment at CEO Contractors Forum
Shell leaders and Contractor CEOs at the Annual Shell Leadership and Contractor CEO Conference, reaffirming their shared commitment to collaboration, operational excellence, alignment on strategic priorities, and sustainable business!-->…
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Reintroducing Government-Controlled Fuel Prices Would Reverse This Policy Direction – Wike
Nyeson Wike, FCT Minister
According to a report by Punch Newspaper on Thursday, August 20, 2026, Nyesom Wike, the Minister of the Federal Capital Territory, has defended the Federal Government’s decision to remove fuel subsidy, accusing!-->!-->!-->…
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PENGASSAN Queries Frequent Alterations To PIA Law
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised concerns over alleged alterations to the Petroleum Industry Act, citing the removal of some fiscal provisions and moving them to the Nigeria!-->!-->!-->…
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Nigeria’s Energy Paradox Deepens: Dangote Exports Jet Fuel As Airlines Struggle
Nigeria’s energy sector is entering another decisive phase, marked by a striking contradiction: the country is increasingly capable of producing energy commodities for international markets, yet domestic businesses and consumers!-->!-->!-->…
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Reforms saved Nigeria from N3,000/litre petrol, 30 states’ salary crisis — FG
Minister of Finance and Coordinating Minister of the Economy Taiwo Oyedele
The Federal Government has said the economic reforms introduced by the administration of President Bola Tinubu saved Nigeria from a possible petrol price of!-->!-->!-->…
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Oil prices rise as Iran keeps Strait of Hormuz closed
Key Points
Iran says it will keep the Strait of Hormuz closed until the United States fulfils conditions under their June memorandum
Brent crude rises to around $91.72 per barrel while West Texas Intermediate (WTI) trades at!-->!-->!-->!-->!-->!-->!-->!-->…
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With Sights Restored, NNPC/Shell Vision First Outreach Makes Mark In Badagry
Nearly 3,000 people in Badagry Local Government Area of Lagos State benefitted from the latest edition of the Vision First initiative of the Nigerian National Petroleum Company Limited (NNPC) and Shell Nigeria Exploration and!-->!-->!-->…
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EFCC Recovers N4.4bn Stolen Diesel From Lagos Company
The Economic and Financial Crimes Commission (EFCC) has recovered 2.3 million litres of diesel worth about N4.485 billion from a Lagos-based oil company.
The diesel was allegedly taken from Prudent Energy and Services Limited and!-->!-->!-->!-->!-->…
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Dangote Refinery Secures $1 Billion Backing Ahead Of Planned IPO
The Dangote Petroleum Refinery and Petrochemicals (DPRP) has secured a US$1 billion underwriting programme ahead of its planned Initial Public Offering (IPO), marking a major step toward broadening investment in one of Africa’s most!-->!-->!-->…
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