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Amidst new tariff on petrol import, Dangote refinery says it has enough for Nigerians

Nigeria, Nov. 1 -- As Nigerians continue to debate the potential impact of a recent 15 per cent tariff on imported petrol and diesel, Dangote refinery, the largest oil refiner in the West African coun... Read More


Oando's profit surges 164% to N210 billion in nine months

Nigeria, Oct. 31 -- Oando Plc reported an increase of 164 per cent in profit after tax from N76 billion to N210 billion in the first nine months of the year, according to its unaudited financial state... Read More


NNPC Limited seeks partnership to revamp struggling refineries

Nigeria, Oct. 31 -- The Nigerian National Petroleum Company Limited (NNPC Ltd) has initiated a comprehensive technical and commercial review of its three refineries to ensure optimal performance and s... Read More


Tinubu approves 15% import duty on petrol, diesel

Nigeria, Oct. 30 -- President Bola Tinubu has approved a 15 per cent import duty on petrol and diesel, a controversial move the government says is aimed at supporting local refining and boosting energ... Read More


Nestoil Group speaks on asset seizure, says operations unaffected

Nigeria, Oct. 29 -- Nestoil Group has reassured stakeholders that its operations remain unaffected in spite of the seizure of its Lagos headquarters by armed police officers on Tuesday. PREMIUM TIMES... Read More


NUPRC seeks Bank of America's support for investment in Nigeria's oil production

Nigeria, Oct. 29 -- The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is turning to the Bank of America for increased investment in oil production in the country. The regulator's CEO, Gbe... Read More


Nigerian Government signs $400 million deal with Stellar Steel to boost steel production

Nigeria, Oct. 29 -- The Nigerian Government has inked a deal of $400 million with Stellar Steel Company Limited, a Chinese-backed firm, to establish a modern steel plant in Ewekoro, Ogun State. The p... Read More


Nigerian Government seeks partnership to harness 10GW stranded electricity generation capacity

Nigeria, Oct. 29 -- The Nigerian Government is open to strategic partnerships to harness over 10 gigawatts (gw) of stranded electricity generation capacity in the country, Minister of Power Adebayo Ad... Read More


NNPC Limited unveils plans to revamp existing downstream assets

Nigeria, Oct. 28 -- The Nigerian National Petroleum Company Limited (NNPC Limited) has announced it will deploy more infrastructure across the oil and gas value chain, and also overhaul existing downs... Read More


Why it's too early to amend 2023 Electricity Act - Former NERC chairman

Nigeria, Oct. 28 -- A former chairman of the Nigerian Electricity Regulatory Commission (NERC), Sam Amadi, has warned against amending the 2023 Electricity Act, emphasising that Nigeria's power sector... Read More