NNPC
NNPCL, Heirs Energies Deliver Healthcare Support to Communities
The Nigerian National Petroleum Company Limited (NNPCL) and Heirs Energies, under the NNPC/Heirs Energies Joint Venture for OML 17, have commenced a large-scale medical outreach programme across host communities in Port Harcourt, Rivers State. The initiative, spearheaded by the OML 17 Host Communities Development Trust (HCDT), is being executed across 15 community centres, targeting an […]
S’Africa Tops Africa’s Fuel Import Chart, Edges Out Nigeria – Report
Nigeria has officially lost its long-standing title as Africa’s largest importer of refined petroleum products to South Africa, marking a historic shift in the continent’s energy trade landscape, according to a new report released by CITAC, an energy consultancy firm. The development comes as the Dangote Petrochemical Refinery, located near Lagos, ramps up operations, reshaping […]
Marketers Import N436bn Petrol as Rift with Dangote Deepens
Nigeria’s downstream petroleum sector is gripped by a new wave of tension as independent oil marketers have resumed large-scale petrol importation, sidelining the $20bn Dangote Petroleum Refinery despite its growing production output. In just nine days, over 496 million litres of Premium Motor Spirit (PMS) valued at approximately N436.37bn were imported into the country, reinforcing […]
Fuel Ban Fears Spark Dangote, Marketers Clash
The looming possibility of a fuel import ban in Nigeria has reignited tensions between the Dangote Petroleum Refinery and key petroleum marketers, sparking fears that petrol prices could skyrocket to N1,500 per litre if importation is halted. This warning came from the Independent Petroleum Marketers Association of Nigeria (IPMAN), which urged President Bola Tinubu to […]
Oil Drilling Set to Resume in Northern Nigeria, Announces NNPC
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the resumption of oil drilling in the Kolmani field, located on the boundary of Bauchi and Gombe states. The move, slated to begin in June 2025, marks a significant development in the country’s ongoing effort to tap into its vast energy resources in the northern […]
FG Hails Progress in Naira-for-Crude Deal
The Federal Government has hailed the recent milestones recorded under the revived naira-for-crude oil initiative, a bold economic strategy aimed at strengthening the Nigerian naira, enhancing local refining capacity, and boosting energy security. This naira-for-crude oil policy commendation came at a strategic follow-up session of the Technical Sub-Committee on Crude and Refined Product Sales in […]
Substandard Crude Oil: PETROAN Accuses Local Refineries
A shocking revelation has rocked the Nigerian oil and gas industry. The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) makes a serious allegation. They claim that some local refineries are importing substandard crude oil into the country. According to PETROAN, this substandard crude is being imported to cut costs. The importation follows the […]
FG Cracks Down on Dormant Oil Blocks
The Federal Government of Nigeria has issued a stern warning to operators. It threatens to revoke their licences if they fail to meet the required production targets. This move is part of the government’s efforts to boost oil production, increase revenue, and stimulate economic growth. Nigeria’s oil and gas sector has faced the issue of […]
Naira-for-Crude Program: FG, Dangote Refinery Engage in Talks
The Federal Government and Dangote Refinery are set to engage in talks over the renewal of the Naira-for-Crude deal, which expired on March 31, 2025. The development comes as the refinery imported approximately 12.6 million barrels of crude oil in the first quarter of 2025, according to a report by S&P Global. The Naira-for-Crude deal […]
Naira-for-Crude contract with Dangote Refinery Clarified by NNPC
NNPC has made over 48 million barrels of crude oil available to Dangote Refinery since October 2024. The Nigerian National Petroleum Company Limited (NNPC) and the federal government announced yesterday that there are no intentions to cancel the Naira-for-crude contract with local oil refineries. This includes the Dangote refinery in Lagos, which has a capacity […]