Oil and Gas
Diesel price stands at N1341.16 in March 2024 – NBS
The National Bureau of Statistics (NBS) has said that the average retail price of a litre of diesel increased from...
Minister says FG to revoke unused oil well licences
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said the federal government is considering the revocation of...
Dangote reduces diesel price to N1,000/litre
Dangote Petroleum Refinery has announced a further reduction of the price of diesel from N1200 to N1,000 per litre. The...
NUPRC says oil reserves rose to 37.5bn barrels in January
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that the country’s oil and condensate reserves increased to 37.50 billion...
OPEC woos Namibia as country set to produce from 2030
The OPEC+ oil producer’s group, is eyeing Namibia for possible membership as it sets up what could be Africa’s fourth-largest...
FG approves naira payment for crude from Dangote, modular refineries
The federal government has given approval for indigenous refineries, including Dangote Refinery to buy crude oil in naira. The refineries,...
Nigeria’s crude oil production drops to 1.23mbpd for March
The Organisation of Petroleum Exporting Countries (OPEC) has said that Nigeria’s crude oil production for March dropped to 1.23 million...
NNPC chief emphasizes gas role in driving economic growth
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Mr. Mele Kyari, has reiterated...
Dangote Refinery to begin PMS supply in May – Report
Dangote Refinery is set to begin the supply of Premium Motor Spirit (PMS) popularly known as petrol to marketers next...
Price of crude oil exceeds budget benchmark, now $92pb
The price of crude oil has risen to $92 per barrel, a figure hugher than the $77.96 per barrel the...