NMDPRA reaffirms FG’s commitment to steady fuel supply, distribution
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reiterated the federal government’s commitment to ensuring a steady supply and smooth distribution of petroleum products across the country.
Speaking!-->!-->!-->!-->!-->…
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Modular Refineries Decry Exclusion from Naira-for-Crude Deal
Modular refinery operators in Nigeria have expressed frustration over their exclusion from the federal government's naira-for-crude oil initiative, a policy designed to bolster local refining by allowing domestic crude purchases in the!-->!-->!-->…
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AEC warns Nigeria’s oil sector risks setbacks from endless probes
The African Energy Council (AEC) has raised concerns that the continued wave of media trials, investigations, and public scrutiny in Nigeria’s oil and gas industry is doing more harm than good, warning that such patterns are hampering!-->!-->!-->…
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Africa CEO Forum 2025: Private Sector Champions Economic Integration, Growth
At the 2025 Africa CEO Forum, influential leaders from across the continent united to advocate for private sector-led growth as the cornerstone of Africa’s economic integration and transformation.
The session, titled “Fast-tracking!-->!-->!-->!-->!-->…
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Nigeria Secures $8 Billion Investment In Deepwater And Gas Projects
Nigeria has secured over $8 billion (approximately ₦12.8 trillion) in investments in deepwater and gas projects over the past year, according to the Presidency. Olu Verheijen, Special Adviser on Energy to President Bola Tinubu,!-->!-->!-->…
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NNPC didn’t remit N500bn revenue in 2024 – World Bank
Nigerian National Petroleum Company Limited
The World Bank has revealed that the Nigerian National Petroleum Company Limited has only been remitting 50 per cent of revenue gains from the removal of the Premium Motor Spirit subsidy to!-->!-->!-->…
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‘Lifting import ban will raise Nigeria’s customs revenue by 66%’
The World Bank says Nigeria could boost its customs revenue by 66 percent if the federal government eliminates arbitrary tariff deviations and import bans.
In its Nigeria Development Update (May 2025 edition), the World Bank warned!-->!-->!-->!-->!-->…
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Lokpobiri, Ojulari meet ExxonMobil boss towards higher oil output
*Heineken Lokpobiri with Shane Harris.
In a renewed push to ramp up Nigeria’s oil production and attract fresh capital into the sector, the Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has declared that!-->!-->!-->…
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Nigeria’s new crude blend, Obodo, enters market
The Nigerian Upstream Petroleum Regulatory Commission says the first cargo of the new Obodo crude blend has been shipped.
In a statement by the NUPRC Chief Executive, Gbenga Komolafe, he congratulated Conoil Producing Limited on the!-->!-->!-->!-->!-->…
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Dangote Refinery cancels June maintenance – Report
The 650,000 barrels per day Dangote Petroleum Refinery has reportedly cancelled its scheduled maintenance for June at its 204,000 barrels per day gasoline-producing unit, following the completion of critical works during an unplanned!-->!-->!-->…
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