NNPC Ltd Faces ₦8.07 Trillion Crude-Backed Debt Mountain as Forward-Sale Obligations Mount
The Nigerian National Petroleum Company Limited (NNPC Ltd) ended 2024 carrying at least ₦8.07 trillion in outstanding obligations tied to...
NNPC Ltd Posts Record N5.4 Trillion Profit in 2024, Sets Sights on 3 Million Barrels Per Day by 2030
The Nigerian National Petroleum Company Limited (NNPC Ltd) has declared an unprecedented Profit After Tax of N5.4 trillion for the...
Dangote Refinery Denies Involvement in Motorcycle Petrol Delivery Scheme
Dangote Petroleum Refinery has firmly rejected a circulating online video that portrays a partnership for delivering gasoline via motorcycle dispatch...
Nigeria to Roll Out Equity Fund for Local Oil Firms in December Boost
The Nigerian Content Development and Monitoring Board (NCDMB) has revealed plans for a dedicated equity financing vehicle aimed at injecting...
Nigeria Halts 15% Import Levy on Petrol and Diesel, Vows Steady Fuel Supply
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has officially canceled plans for a 15 percent ad-valorem duty on...
Nigeria Halts 15% Import Levy on Petrol and Diesel
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has officially scrapped plans for a 15% ad-valorem duty on imported...
OPEC Urges Nigeria to Halt Crude Exports, Build Local Refining Empire
Nigeria must stop shipping raw crude overseas and instead refine it at home to fuel industrial expansion and economic stability,...
Nigeria’s New 15% Petrol Import Tariff to Add Nearly N1 Trillion to Annual Fuel Costs
Nigerians face an extra financial burden of approximately N974 billion each year on gasoline purchases due to the Federal Government's...
Dangote Rejects NNPC Refinery Purchase, Urges DAPPMAN and Others to Invest
Alhaji Aliko Dangote, President of the Dangote Group, has firmly dismissed proposals to acquire any of the idle state-owned refineries...
Nigeria Faces $6.8bn Oil Revenue Gap from 93.74m Barrel Shortfall in First Eight Months of 2025
Nigeria’s crude oil output fell short by approximately 93.74 million barrels from January to August 2025, resulting in a revenue...
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