KEY POINTS Dangote Petroleum Refinery and Petrochemicals has reduced the price of aviation fuel (Jet A1) from N1,750 to N1,650 per litre in a move designed to ease operational pressures …
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In the News
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KEY POINTS Shell has reported a first-quarter adjusted profit of $6.9 billion, its strongest performance in two years, surpassing analyst expectations of $6.36 billion. The result represents a sharp increase …
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KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has called for stronger collaboration among players in the gas, power, and financial sectors to address persistent challenges in Nigeria’s gas-to-power …
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Pipeline surveillance firm PINL says Nigeria can hit OPEC’s 2.5 million barrels per day target after April production data showed strong gains and zero pipeline disruptions.
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In the NewsOil & Gas
DAPPMAN Rejects Dangote Refinery Lawsuit, Says Import Licences Protect Energy Security
KEY POINTS The Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, has pledged full support for its members in the ongoing legal dispute involving the Dangote Petroleum Refinery and …
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KEY POINTS Nigerians spent an estimated ₦5.43 trillion on petrol, commonly known as petrol, in the first quarter of 2026, amid rising fuel prices and ongoing tensions in the downstream …
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In the NewsMarkets
Seplat Confirms Exchange Rate for ₦68.26 Billion FY2025 Dividend as Profit Surges
KEY POINTS Seplat Energy Plc has confirmed the exchange rate it will use to convert its dollar-denominated dividends for the 2025 financial year, as it prepares to distribute over ₦68 …
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KEY POINTS Ugandan President Yoweri Museveni has expressed strong support for a proposed East African regional oil refinery following discussions with Nigerian billionaire and industrialist Aliko Dangote, signalling renewed momentum …
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Industry leaders, economists and labor unions have backed NNPC’s deal with two Chinese firms to revive Nigeria’s long-idle refineries despite sharp opposition from critics.
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A drone hit an electrical generator near the UAE’s Barakah nuclear plant Sunday, forcing one reactor onto emergency power and raising fears of regional escalation.