Tag: NNPC

Oil Prices Today: Brent Crude Drops 3% as Middle East Ceasefire Eases Hormuz Fears

Business Damilola Bayonle -
Oil prices fell sharply on Thursday after investors reacted to signs of easing tensions in the Middle East, raising...

Petrol price falls below ₦1,300 as Dangote cuts prices, refinery battles government over crude supply

Business Damilola Bayonle -
IBADAN, Nigeria — Petrol prices fell below ₦1,300 per litre at several filling stations in Ibadan, Lagos and Ogun...

NNPC Boosts Crude Supply to Dangote Refinery as Nigeria Targets Fuel Stability and Exports

Business Damilola Bayonle -
Nigeria’s drive to strengthen local refining capacity gained momentum in March, as NNPC crude supply to Dangote refinery increased...

NNPC unveils $60bn gas investment plan to boost Nigeria’s reserves to 600tcf

News Damilola Bayonle -
Nigeria’s state-owned energy giant, the Nigerian National Petroleum Company Limited, has unveiled an ambitious roadmap to transform the country’s...

Dangote-NNPC deal in crisis as $5bn crude shortfall disrupts refinery operations

Business Damilola Bayonle -
Dangote-NNPC Deal Hits Turbulence Over Crude Shortfall Nigeria’s ambition to strengthen domestic refining capacity is facing a significant setback as...

NNPC unveils bold energy security strategy to attract global investors and stabilise Nigeria’s oil sector

Business Damilola Bayonle -
Nigeria’s oil sector is undergoing a strategic recalibration as the Nigerian National Petroleum Company Limited intensifies efforts to reposition...

NNPC moves to stabilise fuel supply as Dangote Refinery faces crude supply shortfall amid global oil surge

Business Damilola Bayonle -
NNPC boosts crude supply to Dangote amid price surge Nigeria’s energy landscape is undergoing a critical stress test as global...

Dangote Refinery partners marketers to secure fuel supply as global oil prices fluctuate

Business Damilola Bayonle -
Nigeria’s downstream petroleum sector is witnessing a strategic realignment as industry players intensify collaboration to ensure stable fuel distribution...

Reps launch probe into Ogun–Ondo clash over oil-bearing Eba Island

Business Damilola Bayonle -
Nigeria’s lawmakers have stepped into the growing controversy surrounding the Eba Island oil well dispute as the House of...

Petrol marketers retain old prices despite N95 Gantry reduction by Dangote Refinery

Business Damilola Bayonle -
The Nigerian fuel market is experiencing a striking disparity as petrol marketers retain old prices, even after a significant...

Crude-backed loans gulped N8.36tn of Nigeria’s 2025 oil revenue as 14% of output went to debt servicing

Business Damilola Bayonle -
Crude-backed loans gulped N8.36tn of 2025 revenue as Nigeria commits 213,000bpd to debt servicing Nigeria’s oil-dependent fiscal structure came under...

Nigeria crude eyes $80 as US-Iran tensions shake global oil supply routes

Business Damilola Bayonle -
Nigeria crude eyes $80 as US Iran standoff rattles global supply Nigeria’s oil market is bracing for a potential revenue...