Industry

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has revealed that petrol prices could drop below N600 per liter if the naira strengthens to less than N1,000 per dollar. PENGASSAN President, Comrade…
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The Organisation of the Petroleum Exporting Countries (OPEC) has highlighted how the Dangote Petroleum Refinery is helping reduce Nigeria’s reliance on imported fuel. In its Monthly Oil Market Report released on January 15, 2025,…
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The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has clarified that fluctuations in the pump price of petrol will now be determined by crude oil prices in the international market, following the full…
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A year after an eyewatering slide against the dollar, the naira is enjoying a rare run of stability, and analysts expect it to last. Nigeria’s battered currency has lost 70% against the greenback since foreign exchange controls were…
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NNPC Boss, Mele Kyari The Nigerian National Petroleum Company Limited (NNPC) remitted N10 trillion to the federation account as of September 2024. NNPC’s Group Chief Executive Officer, Malam Mele Kyari, stated that the company…
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…As NCC Okays Disconnection Of Banks From USSD Platforms Barring any changes, customers of nine banks in Nigeria may not be able to re­ceive alerts and perform banking trans­actions using their mobile phones from January 27, 2025,…
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… Lauds Initiatives On Ramping Up Oil Production, Blocking Leakages The Senate has attributed the level of success recorded in the implementation of the 2024 budget to the performance of the Nigerian Upstream Petroleum…
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The Independent Marketers Association of Nigeria (IPMAN) has announced that it will now purchase petroleum products from the Dangote Petroleum Refinery. This decision comes as the depot price of Premium Motor Spirit (PMS), also known…
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*Gbenga Komolafe The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, is set to enhance transparency and accountability in Nigeria’s oil and gas sector through the implementation of the Advance Cargo Declaration Solution and…
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The Central Bank of Nigeria (CBN) has imposed fines of N150 million each on nine Deposit Money Banks (DMBs) for failing to dispense cash via Automated Teller Machines (ATMs) during the festive season. This enforcement action follows…
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