Oil & Gas

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC Ltd, recorded a significant drop in revenue in January 2026, with earnings falling by 47 percent to N2.57 trillion, compared with …

KEY POINTS Nigeria’s growing domestic refining capacity may improve energy security and reduce dependence on imports, but it cannot completely shield the country from fluctuations in global fuel prices, according …

KEY POINTS The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has warned that petrol prices in Nigeria could soar to nearly ₦2,000 per litre if the ongoing crisis …

KEY POINTS Socio-cultural groups operating under the umbrella of Ethnic Youth Leaders across Nigeria have assured citizens that the Dangote Refinery has the capacity to meet the country’s petroleum needs …

KEY POINTS Global energy company Shell has signed a series of oil and gas agreements with the Venezuelan government that pave the way for development of the long-delayed Dragon offshore …

KEY POINTS The Nigerian National Petroleum Company Limited, ,NNPCL, has increased its petrol pump price for the second time in less than 24 hours, following a gantry price hike by …

KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has explained that the recent fluctuations in petrol pump prices across Nigeria are the result of market forces under …

KEY POINTS Israeli warplanes on Saturday evening carried out airstrikes on oil storage depots and refining facilities in Iran’s capital, Tehran, according to reports by Israel’s public broadcaster. The attacks …

KEY POINTS The Federal Government, through the Nigerian National Petroleum Company Limited, NNPC, has begun sourcing crude oil from international traders to support operations at the Dangote Petroleum Refinery amid …

KEY POINTS The Dangote Refinery has raised the ex-gantry price of Premium Motor Spirit, petrol, to N995 per litre, marking a N121 increase from its previous rate of N874 per …