Tag: oil and gas Nigeria

How Naira-for-Crude Deal Is Shielding Nigeria From Global Fuel Shortages

Business Damilola Bayonle -
Naira-for-crude deal fuels supply stability amid global crisis Amid escalating geopolitical tensions disrupting global energy markets, the Federal Government has...

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...

Nigeria cuts petrol import bill by $4bn as Dangote Refinery drives major shift in fuel supply

Business Damilola Bayonle -
Nigeria’s fuel import dynamics are undergoing a structural shift, with fresh data indicating a significant drop in petrol import...

Nigeria’s petrol demand soars 34% to 63.7m litres daily as economic activity rebounds

Business Damilola Bayonle -
Economic expansion fuels 34% jump in Nigeria’s petrol demand Nigeria’s renewed economic momentum is beginning to reflect in energy...

Port Harcourt refinery could restart in days as profitability debate delays decision

Business Damilola Bayonle -
Nigeria’s long-troubled refining sector has returned to the spotlight after the Petroleum and Natural Gas Senior Staff Association of...

CBN projects economy to grow by 4.49% in 2026 on reform gains, investment boost

Business Damilola Bayonle -
Nigeria’s economic outlook for 2026 is expected to consolidate the reform gains recorded in recent years, with stronger investor...

Port Harcourt refinery supplies diesel despite shutdown — NMDPRA reveals losses and delays

Business Damilola Bayonle -
The prolonged shutdown of the Port Harcourt Refining Company has continued to attract fresh scrutiny after new regulatory disclosures...

IPMAN eyes refinery ownership, orders members to buy Dangote fuel to end imports

Business Damilola Bayonle -
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has unveiled an ambitious plan that could significantly reshape Nigeria’s downstream...

Nigerian deep offshore drilling: Minister Lokpobiri highlights capacity gaps in local industry

Business Damilola Bayonle -
No Nigerian Firm Can Handle Deep Offshore Drilling – Minister Lokpobiri Warns The Minister of State for Petroleum Resources (Oil),...

NNPC $3bn loan repayment sparks fresh fears over Nigeria’s oil future

Business Damilola Bayonle -
Understanding the NNPC $3bn Loan Repayment and Its Implications The Nigerian National Petroleum Company Limited (NNPC Ltd.) has again come...

Nigeria’s new oil blocks bid round promises $10bn boost in a game-changing energy push

Business Damilola Bayonle -
The Federal Government has opened a fresh window for energy sector investments with the launch of the Nigeria 2025...

Dangote refinery listing: Dangote plans 10% stake sale on NGX

Business Damilola Bayonle -
The President of Dangote Group, Aliko Dangote, has announced plans to list between five and 10 percent of the...