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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Oil Host Communities Urge NNPC Trading To Sustain Reforms, Accountability
The national leadership of the Host Communities Producing Oil, Gas and Pipeline-Impacted States Youth Council of Nigeria (HOSTCON Youth Council) has urged the management of NNPC Trading Limited to sustain ongoing reforms and uphold…
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FG Targets 6,000MW Electricity By December
Keypoints
The Federal Government says it aims to generate and wheel 6,000MW of electricity before December 2026.
Current generation is around 5,000MW, while the Transmission Company of Nigeria has about 8,500MW of wheeling…
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Why Nigeria’s Refineries Keep Failing Despite Huge Investments — PENGASSAN
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has explained why Nigeria’s government-owned refineries have continued to struggle despite billions of naira spent on their rehabilitation, blaming the…
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PETROAN Demands Guaranteed Crude Oil Supply Before Port Harcourt, Warri Restart
The planned revival of Nigeria’s Port Harcourt and Warri refineries could face a critical test beyond rehabilitation and technical completion, as the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has…
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Domestic Debt: Rising Fiscal Deficit Fuels Borrowing Surge
Nigeria’s widening fiscal pressures are forcing the Federal Government to deepen its reliance on domestic borrowing, with its domestic debt stock rising to N82.9 trillion at the end of the first quarter of 2026, heightening concerns…
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EITI Mission Lauds NEITI, Urges Nigeria To Sustain Transparency Reforms
The global Extractive Industries Transparency Initiative (EITI) has lauded the Nigeria Extractive Industries Transparency Initiative (NEITI) for improvements in its disclosure practices, even as it urged the country to sustain the…
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I’ll Put Nigeria’s Interests at Centre of Global Energy Engagement – Wunti
The pioneer Chief Executive Officer of the World Energy Council Nigeria, Mr. Bala Maijama’a Wunti, has pledged to ensure that Nigeria’s interests remain central to his engagement with the global energy community.
Wunti made the…
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EFCC Recovers US$60m In Ongoing Nestoil Investigation
The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Olanipekun Olukoyede, has led a major breakthrough in the Commission’s ongoing investigation into the alleged criminal aspects of transactions involving Nestoil…
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NNPC GCEO has no statutory role in licensing
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), Mr. Bayo Ojulari, has no statutory role in licensing and award of oil block, officials of the oil giant said at the weekend.
Claims…
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Stock Exchange begins new share pricing rule
The Nigerian stock market will today begin implementation of a new pricing methodology under which the market price of a particular share will determine the number of shares needed to effect movement in the share price.
The new…
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