The Nigerian Exchange Limited (NGX), yesterday, extended losses to the third straight session as market capitalisation declined by N288 billion, amid price depreciation in MRS Oil Nigeria Plc, Aradel ...
Checks indicate that the incident, which occurred on Monday night, has raised concerns about potential disruptions to Nigeria’s already struggling oil production. The pipeline, with a capacity to tran...
A Federal High Court in Abuja, on Tuesday, turned down the request of the Nigerian National Petroleum Company Limited (NNPC) to strike out a N100 billion suit instituted by Dangote Refinery and Petroc...
As presently constituted, oil marketers in Nigeria are currently required to pay N797.66 per liter for the landing cost of fuel, despite efforts by oil merchants to buy less fuel so as to minimize los...
Over 400 filling stations of independent oil marketers located at border communities have remained shut since 2019 based on the Federal Government’s directive to halt the smuggling of petrol out of Ni...
Oando Plc has announced that its trading subsidiary, Oando Trading, has been formally selected as the preferred bidder for the lease of Guaracara Refining Company Limited (GRC)’s refinery assets ...
TotalEnergies has said it will continue to partner with Nigeria to develop key oil and gas assets to support the federal government’s revenue generation and community development. The managing directo...
The Dangote Refinery, Africa’s largest oil refinery, is reportedly considering increasing its crude oil imports from Angola and Algeria as discussions continue over the naira-for-crude arrangement wit...
The African Energy Chamber’s State of African Energy 2025 Outlook Report has projected capital expenditure of $43 on oil and gas projects in Africa in the current year. This highlights strong investme...
Major oil marketers in Nigeria have moved to offer a lower price against the gantry loading cost of N825 per litre set by Dangote Petroleum Refinery. This development followed a revelation by marketer...
