Tag: Nigerian Oil Sector

Nigeria Fuel Imports Surge Despite Dangote Refinery Capacity Claims

Business Damilola Bayonle -
Fresh Petrol Imports Deepen Questions Over Nigeria’s Refining Independence Nigeria is receiving another large wave of imported fuel cargoes despite...

Nigeria suspends petrol import licences as Dangote refinery boosts local fuel supply

Business Damilola Bayonle -
Nigeria’s downstream petroleum market is undergoing a significant shift as regulators move to prioritise locally refined fuel over imported...

Tinubu approves incentives to revive $20bn Bonga offshore oil project after 20-year delay

Business Damilola Bayonle -
Nigeria’s oil and gas sector could be on the verge of a major investment revival following a new policy...

Dangote refinery deal backfires: Fuel imports skyrocket, marketers abandon ship

Business Damilola Bayonle -
Nigeria’s downstream petroleum sector has been thrown into fresh uncertainty following the breakdown of a high-profile fuel supply arrangement...

Timipre Sylva EFCC probe: Former minister declared wanted over $14.8m Allegation

Business Damilola Bayonle -
The Economic and Financial Crimes Commission (EFCC) has officially declared former Minister of State for Petroleum Resources, Timipre Sylva,...

Dangote refinery redeploys sacked engineers, backs PIA amendment to boost local refining

Business Damilola Bayonle -
Dangote Refinery Redeploys Sacked Engineers Amid Labour Dispute The management of the Dangote Refinery has redeployed several engineers who were...

Tinubu to commission $400m Otakikpo Crude oil terminal

Business Damilola Bayonle -
Otakikpo Crude Oil Terminal Marks Nigeria’s First Indigenous Export Facility in 50 Years President Bola Tinubu will on October 8,...

PENGASSAN and NUPENG reject Govt’s plan to sell assets, earn of economic crisis

Business Damilola Bayonle -
Two of Nigeria’s most powerful oil unions, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and...

Fierce clash: NUPENG vs Dangote sparks fuel scarcity fear

Business Damilola Bayonle -
Nigeria is bracing for possible fuel scarcity beginning next week following threats by tanker drivers under the Petroleum Tanker...

FG Under Pressure as NNPC Acknowledges Non-Functional Refineries

Business Damilola Bayonle -
The Federal Government is facing a barrage of criticism after the Nigerian National Petroleum Company Limited (NNPCL) confirmed that...

‘NNPC Refineries May Never Work Again’ — Dangote Drops Bombshell

Business Damilola Bayonle -
Africa’s richest man and President of the Dangote Group, Alhaji Aliko Dangote, has cast serious doubt over the future...

NUPRC Generates ₦28bn from Oil Licensing Fees

Business Damilola Bayonle -
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has generated a total of ₦28.11 billion from miscellaneous oil revenues, primarily...