KEY POINTS Nigeria’s crude oil production rose to 1.459 million barrels per day in January 2026, according to the latest Monthly Oil Market Report released by the Organization of the …
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In the News
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KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, reported that it remitted N14.706 trillion in statutory payments to the Federal Government of Nigeria between January and December 2025. The …
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KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has announced a temporary reduction in gas supply to some electricity generation companies from February 12 to February 15, 2026. The …
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KEY POINTS The Dangote Petroleum Refinery has attained full operational capacity, with its Crude Distillation Unit and Motor Spirit production block now running at their designed limit of 650,000 barrels …
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In the NewsOil & Gas
Dangote Refinery Cuts Petrol Price by N25, Bringing Gantry Rate to N774 per Litre
KEY POINTS Dangote Reduces Ex-Depot Petrol PriceDangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS) by N25 per litre, lowering the gantry price from N799 to …
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KEY POINTS The Nigerian oil and gas sector has rebounded sharply on the Nigerian Exchange in 2026, climbing more than 31% year-to-date. This performance has outpaced the industrial goods sector, …
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KEY POINTS Nigeria’s benchmark oil, Bonny Light, fell below $69 per barrel during the second trading session of the week. The drop in oil prices comes as escalating tensions between …
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In the NewsOil & Gas
Aiteo Breaks New Ground in Libya as Benedict Peters Expands African Energy Footprint
KEY POINTS Aiteo, one of Africa’s largest privately owned energy companies controlled by Nigerian billionaire Benedict Peters, has secured a rare exploration license in Libya, marking a major milestone both …
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In the NewsOil & Gas
NUPRC Calls on Global Investors to Tap Nigeria’s 2025 Oil and Gas Licensing Opportunities
KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has urged international investors to take advantage of opportunities in Nigeria’s forthcoming 2025 petroleum licensing round. Speaking at the Sub-Saharan Africa …
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KEY POINTS The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, says the old Port Harcourt refinery has reached about 90 percent rehabilitation …