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Dangote Refinery denies increase in ex-depot price of petrol

Nigeria, May 6 -- Dangote Petroleum Refinery and Petrochemicals Limited has denied claims that it increased the gantry price of petrol, stating that the ex-depot price of Premium Motor Spirit (PMS), a... Read More


Only 28.5m of 61.9m crude oil barrels reached local refineries in Q1 - NUPRC

Nigeria, May 6 -- Nigeria's domestic refineries received only 28.5 million barrels of crude oil in the first quarter of 2026 despite producers offering 68.7 million barrels, according to new data rele... Read More


South Africa to raise fuel prices from 6 May

Nigeria, May 5 -- South Africa has announced an upward adjustment in fuel prices effective 6 May 2026, citing rising global crude oil prices, higher international petroleum product costs, and supply d... Read More


NNPC posts N276 billion profit in March

Nigeria, May 4 -- The Nigerian National Petroleum Company Limited (NNPCL) posted a profit after tax of N276 billion in March 2026, as the national oil firm sustained growth in gas production and sales... Read More


NNPC signs MoU with Chinese firms to revive Warri, Port Harcourt refineries

Nigeria, May 4 -- The Nigerian National Petroleum Company Limited (NNPCL) has announced that it signed a Memorandum of Understanding (MoU) with two Chinese companies to support the completion, operati... Read More


Dangote denies rift with Tony Elumelu, rejects refinery funding claims

Nigeria, May 4 -- The Dangote Group has dismissed as "false, malicious, and baseless" a publication claiming its President, Aliko Dangote, fell out with Tony Elumelu, after a failed request for financ... Read More


Tinubu appoints new special adviser on power

Nigeria, May 1 -- President Bola Tinubu has appointed Lanre Babalola as the Special Adviser to the President on Power and Chairman of the Presidential Task Force on Power Sector Reset and Restoration.... Read More


OB3 Completion marks major leap in Nigeria's Gas Infrastructure - Minister

Nigeria, April 30 -- Nigeria's Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has commended NNPC Limited for the successful completion of the River Niger crossing on the Obiafu-Obrik... Read More


Tinubu appoints ex-Dangote executive as NMDPRA chief

Nigeria, April 30 -- Many Nigerians, especially stakeholders in the oil and gas industry, were taken by surprise on Wednesday following the announcement that President Bola Tinubu had approved the rem... Read More


JUST IN: Tinubu sacks NMDPRA CEO

Nigeria, April 29 -- President Bola Tinubu has approved the removal of Saidu Mohammed as the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).... Read More