Tag: Nigeria oil sector

Chinese stake in Port Harcourt, Warri refineries signals major shift in Nigeria’s oil sector

Business Damilola Bayonle -
Nigeria’s state-owned oil company, Nigerian National Petroleum Company Limited, is considering a deal that could hand Chinese investors majority...

Dangote aviation fuel export to UK signals Nigeria’s rising role in global energy market

Business Damilola Bayonle -
Nigeria is fast positioning itself as a strategic supplier in the global energy market following fresh disruptions in aviation...

NUPRC signs major offshore exploration deal to unlock Nigeria’s deepwater oil potential

Business Damilola Bayonle -
NUPRC seals new offshore deal to boost Nigeria’s exploration data assets Nigeria’s upstream oil and gas regulator has taken a...

Dangote refinery exports massive fuel cargoes across Africa as global supply crisis deepens

Business Damilola Bayonle -
Nigeria’s refining landscape is undergoing a significant transformation as the Dangote Petroleum Refinery deepens its footprint across Africa, exporting...

Africa turns to Dangote refinery as fuel crisis deepens amid global supply disruptions

Business Damilola Bayonle -
African economies are increasingly pivoting toward local refining capacity as global supply disruptions reshape fuel sourcing dynamics, with the...

FG seeks foreign crude for Dangote refinery as petrol prices climb above N1,000 per litre

Business Damilola Bayonle -
Nigeria’s Federal Government is exploring new measures to stabilise domestic fuel production by facilitating additional crude oil supply for...

Tinubu ends 15-Year OPL 245 dispute, unlocks massive deepwater oil investment for Nigeria

Business Damilola Bayonle -
Nigeria’s oil and gas sector may be entering a new phase of investor confidence following the Tinubu OPL 245...

PENGASSAN engages presidential committee over Tinubu’s oil revenue executive order

Business Damilola Bayonle -
Tinubu’s oil revenue executive order: PENGASSAN meets presidential committee Wednesday The Petroleum and Natural Gas Senior Staff Association of Nigeria...

PENGASSAN challenges 30% oil revenue deduction, demands urgent review of PIA

Business Damilola Bayonle -
PENGASSAN faults 30% oil revenue claim, demands review of Petroleum Industry Act The President of the Petroleum and Natural Gas...

Nigeria’s oil firms struggle to stay afloat as profits shrink to $7 per barrel

Business Damilola Bayonle -
Nigeria’s oil firms survive on $7 per barrel despite $70 crude prices Nigeria’s upstream oil producers are operating under intense...

Nigeria launches first oil metering facility to tackle crude theft, boost revenue transparency

Business Damilola Bayonle -
NUPRC moves to end crude theft with first oil metering facility Nigeria’s upstream oil regulator has taken a decisive step...

NNPC eyes foreign partners to revive refineries as Dangote Refinery stabilizes fuel supply

Business Damilola Bayonle -
Nigeria’s state-owned refineries, long plagued by inefficiency and low output, may finally be on the path to revitalization. The...