Oil and Gas

Oil prices sink 5% as Israel-Iran ceasefire takes effect

Oil prices tumbled sharply Tuesday after Israel agreed to a United States-brokered ceasefire with Iran, easing fears of prolonged Middle…

NNPC, marketers hike petrol price in Abuja

The Nigerian National Petroleum Company Limited and other fuel marketers increased petrol pump prices in Abuja on Monday, citing rising…

POS transactions surge to N223tn in 2024 as ATM usage declines

The use of Point of Sale terminals in Nigeria has seen a dramatic rise, handling transactions valued at N223.27 trillion…

Latest Oil and Gas

Nigeria’s Bonny Light crude rises to $76.60 amid Israel-Iran tensions

The price of Nigeria's Bonny Light crude oil rose to $76.60 per…

FG secures extra 20mscf gas supply to boost CNG-powered vehicles

The Federal Government announced on Monday that it has reached an agreement…

Isreal-Iran: Oil prices hit $77/b, surpass Nigeria’s benchmark

Global oil prices surged past Nigeria’s 2025 budget benchmark of $75 per…

VIDEO: Dangote’s 4,000 CNG trucks arrive Nigeria

Dangote Petroleum Refinery has taken delivery of 4,000 brand-new Compressed Natural Gas-powered…

Oil prices fall amid Israel-Iran war, gold price surges

Oil prices fell on Monday as market concerns about a widening Middle…

ECOWAS hails Dangote refinery as Africa’s industrial beacon

The President of the ECOWAS Commission, Dr. Omar Alieu Touray, has described…

Nigeria to leverage 209trl gas reserves for energy transition – Presidency

The Nigerian government has identified its massive 209 trillion cubic feet of…

IOCs not leaving Nigeria, only rebalancing operations — Presidency

The Presidency says contrary to views in certain quarters, the International Oil…

Dangote refinery announces fresh petrol price slash nationwide

The Dangote Petroleum Refinery has implemented a new nationwide reduction in the…

Nigeria’s crude oil output rises in April

Nigeria’s crude oil output, including condensate, rises month-on-month to 1.486 million barrels…

NNPC slashes petrol price to N910 in Abuja

The Nigerian National Petroleum Company Limited has reduced the pump price of…

Nigeria needs global support to achieve net-zero emissions by 2060 — Bagudu

Nigeria’s Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, has…

Ojulari reshuffles NNPCL, fires MDs of PH, Warri, Kaduna refineries

The new management of the Nigerian National Petroleum Company Limited has dismissed…

FG vows to stop pipe importation, pledges local content support

The Federal Government has reiterated its commitment to deepen local content in…

Fuel imports dropped 67% over eight months — NMDPRA

Nigeria has recorded a significant 67 per cent drop in its daily…