The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production increased significantly to 1.53 million barrels per day (bpd) in January. The count...
The federal government on Wednesday said it was mulling a ban on petroleum trucks with 60,000 litres capacity, following the incessant deaths resulting from petrol tanker accidents, which have claimed...
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Dangote Petroleum Refinery & Petrochemicals has announced a reduction in the gantry price of its diesel product by N55, from N1,075 per litre to N1,020 per litre. According to a statement signed b...
The Africa Energy Bank aims to finance oil and gas projects while supporting Africa’s energy transition, with an ambitious target of reaching a $120 billion asset base. Initially expected to commence ...
The United States is expected to boost coal exports to India after China imposed tariffs on energy imports from the U.S., five industry officials said, potentially eroding Australia and Russia’s...
The Dangote Oil Refinery, with a capacity of 650,000 barrels per day, is set to achieve full operation within the next 30 days. According to Edwin Devakumar, the refinery’s head, the facility ca...
Oando Plc, one of Africa’s leading indigenous energy provider’s has seen its finance costs become elevated due to the central bank’s rate-hike campaign amid a weak profit margin. And perhaps more worr...
Oando is rewarding its shareholders by giving them 1.28 billion additional shares in the form of a stock dividend. This means shareholders will get more shares added to their investment portfolios at ...
Two cargoes of jet fuel, averaging about 130 million litres, have been exported from Nigeria to Saudi Arabia by the Dangote Petroleum Refinery. Coming on the backdrop of projection by the Organis...
