Industry

Nigeria may have to devalue its naira again as sliding oil prices triggered by US President Donald Trump’s trade war pressure the budget of Africa’s largest crude producer. “The natural policy response to lower oil prices is a…
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In a move to reinvigorate Nigeria’s oil and gas sector, Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bashir Bayo Ojulari,  has called for strengthened collaboration with critical…
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Petrol prices in Nigeria could fall to about N800/liter in the next weeks as a result of lowering global crude oil prices and the resumption of the naira-for-crude exchange deal with local refiners, as reported. According to…
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Pic 1, L-R:  Managing Director and Chief Executive Officer Renaissance Africa Energy Company, Dr. Tony Attah, Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe and Chairman of…
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In a significant development, Dangote Petroleum Refinery has announced a further reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol. The new price is set at N835 per litre, down from N865 per…
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The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has stated that the inconsistencies in President Donald Trump policies are destabilizing the Nigerian market. …
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The House Committee on Midstream has summoned petroleum depots that failed to meet regulatory standards, instructing them to present comprehensive working documents in Abuja within seven days. This announcement was made on Tuesday…
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The Independent Petroleum Marketers Association of Nigeria has explained that the eventual renewal of the naira-for-crude deal between the Nigerian government, the Dangote Refinery and other refiners could not crash the price of…
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Member, Society of Petroleum Engineers (SPE), Board of Trustees, Felix Chijioke Obike and General Manager, Wells and Geosciences Operations, Shell Nigeria Exploration and Production Company Limited (SNEPCo), Joe Mordi during the 2025 SPE…
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• Demand immediate payment of N4tr debt• Manufacturers may continue to desert grid over collapse, seek fresh subsidies • Metering gap, payment for wire, transformers worsen service delivery One year after increase in…
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