The Nigerian Content Development and Monitoring Board (NCDMB) has sealed a deal to acquire 20 per cent equity in a 100,000 barrels per day (bpd) refinery project being established by African Refinery ...
The decision, which took immediate effect, has sparked discussions about its implications for Nigeria’s energy sector and the broader economy. The naira-for-crude arrangement, introduced on October 1 ...
The latest data from the foreign trade statistics report of the National Bureau of Statistics showed that the cost of petrol imports rose by 105.3 per cent to N15.42tn in 2024 from the N7.51tn recorde...
Despite possessing over 200 trillion cubic feet (Tcf) of proven natural gas reserves, Nigeria continues to struggle with underutilisation, infrastructure deficits, and investment roadblocks in its gas...
Nigeria’s 650,000 barrels per day Dangote refinery has bought its first cargo of Algeria’s light sweet Saharan Blend crude, according to market sources quoted by Argus Media, a leading independent pro...
According to local media reports, Oando defeated Trinidad’s CRO Consortium and INCA Energy, an American company to win the lease of the refinery. The country’s Minister of Energy, Stuart Young, announ...
Nigeria’s expected dividends from its natural gas company are expected to drop after a London court ordered the payment of $380m to Vitol and Glencore for a contract breach. Nigerian Liquefi...
This was disclosed on Wednesday by the management of the refinery. According to the refinery, the price adjustment was designed to provide essential relief to Nigerians in anticipation of the upcoming...
The Managing Director and Chief Executive Officer of Nigeria Liquefied Natural Gas Limited, Dr Philip Mshelbila, has revealed that only two of the company’s six gas trains are currently operational, a...
Global energy research body, Wood Mackenzie, has said Brent crude oil prices will average $73 per barrel this year, about $2 below Nigeria’s ambitious $75 per barrel projection in the 2025 budget whic...
