Monday, April 20, 2026
Fuel price climbs to N1,030 Per Litre as NNPCL terminates exclusive refinery purchase agreement
Business a.m. The Nigerian National Petroleum Company Limited (NNPC) has recently raised the pump price of petrol to N1,030 per...
Read moreDetailsNNPC quits as middleman in purchase of Dangote refinery petrol
Busayo Samuel The Nigerian National Petroleum Company Limited is ending its exclusive purchase agreement with Dangote Refinery, opening up the...
Read moreDetailsAngola’s 15 new oil concessions by year-end unpacks $60bn upstream market by 2030
With 47 blocks since 2019, country clearly leads Africa’s hydrocarbon share Big lesson to Nigeria on contracts renegotiation, Ben...
Read moreDetailsFG halts VAT on diesel, cooking gas to woo investors
Busayo Samuel The Federal Government has introduced new fiscal incentives to boost foreign investments in Nigeria’s oil and gas sector....
Read moreDetailsLocal refineries produced 1.46 billion litres of petrol – Report
Busayo Samuel From 2015 to 2019, Nigeria could only produce 1.46 billion litres of petrol due to low refining capacity...
Read moreDetailsOil companies’ unpaid debts blow hole in Nigeria’s finances as NEITI reports $6bn, N66bn in arrears
Business a.m. The Nigerian Extractive Industries Transparency Initiative (NEITI) has confirmed an unsettling trend in the oil sector, reporting that...
Read moreDetailsLow oil prices to persist through 2025 on oversupply risk, analysis shows
Business a.m. Analysts from Wells Fargo have projected that oil prices will stay relatively low through 2025, citing an elevated...
Read moreDetailsDangote pushes for complete abolishment of Nigeria’s fuel subsidy
Onome Amuge Aliko Dangote, Africa's richest man and CEO of Dangote Group, has appealed to the Nigerian government to put...
Read moreDetailsEmerging economies to drive surge in global energy demand by 2050
PHILLIP ISAKPAÂ Global energy demand is growing faster than projected and a surge in this demand by 2050 is expected...
Read moreDetailsU.S. rate cut buoys oil prices amid weaker Chinese demand
Business a.m. Oil prices ticked upward on Monday, as the after-effects of Hurricane Francine-induced disruptions to U.S. crude supply and...
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