Oil & Gas
-
Oil price falls below 2026 budget benchmark, down to $60 per barrel
Oil prices dropped yesterday as the market reacted to United States President Donald Trump’s announcement that the U.S. had secured…
Read More » -
Fuel price may soon jump to N1,400 a litre — Dangote
•Dangote Petroleum Refining Company Dangote Refinery, the world’s largest single-train refinery, has warned that gasoline prices could jump to…
Read More » -
Pandemonium as another truck catches fire on Lagos bridge
•A truck fire incident in Lagos A containerised vehicle caught fire on the Ojota Bridge near the Old Toll…
Read More » -
Dangote Refinery dismisses shutdown claims, maintains 50 million litres PMS daily output
Dangote Petroleum Refinery has categorically rejected a circulating report claiming the refinery is shutting down for maintenance, describing the story…
Read More » -
Oil production peaks at 1.7 million barrels per day, says NNPCL CEO Ojulari
•Bayo Ojulari The Group Chief Executive Officer of NNPC Limited, Bayo Ojulari, has given the current output of oil…
Read More » -
N739 per litre price spikes queues at MRS
•Motorists queue up at an MRS petrol station Motorists are besieging the MRS petrol stations following the crash of…
Read More » -
Dangote crashes fuel price nationwide, announces sales outlets
•Dangote Petroleum Refining Company Dangote Petroleum Refinery has commenced nationwide sales of Premium Motor Spirit (PMS) at a pump price…
Read More » -
BREAKING: NMDPRA CEO, Farouk Ahmed resigns amid corruption allegations by Dangote
Farouk Ahmed, the Chief Executive officer of Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA has tendered his resignation. …
Read More » -
Crude oil price hits four-year low at $58 per barrel
Global oil prices fell sharply on Tuesday, sinking to their lowest levels in four years. Brent crude, the international…
Read More » -
Petrol Price Battle: Dangote, importers lock horns in brutal price war
Nigeria’s downstream petroleum sector has descended into what industry players describe as a full-blown price war following the decision by…
Read More »