• April 23, 2025
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Nigeria Set to Become Petroleum Exporting Nation by 2027, Says PETROAN

Nigeria Set to Become Petroleum Exporting Nation by 2027, Says

April 22, 2025

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has forecast that Nigeria will emerge as a full-fledged petroleum exporting country within the next two years. This optimistic projection comes in the wake of the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) announcement of a significant milestone—the licensing of 83 refineries nationwide, boasting […]Read More

Naira-for-crude Deal ‘Remains In Effect’ – FG

Naira-for-crude Deal ‘Remains In Effect’ – FG

April 9, 2025

The Federal Government, through the Ministry of Finance, has confirmed that the Naira-for-crude arrangement with local refiners, including the Dangote Refinery, is still in place. The Technical Sub-Committee on the Crude and Refined Product Sales in Naira initiative convened an update meeting on Tuesday to review progress and address ongoing implementation matters. In a statement […]Read More

Tinubu Sacks Mele Kyari, Appoints Bayo Ojulari As NNPC Boss In Sweeping Shake-Up

Tinubu Sacks Mele Kyari, Appoints Bayo Ojulari As NNPC Boss

April 2, 2025

President Bola Tinubu has sacked Mele Kyari as Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited and appointed Bashir Bayo Ojulari as his replacement in a sweeping overhaul of the state-owned oil company.  In a related move, Tinubu also dissolved the NNPC Limited Board, removing Chairman Pius Akinyelure and all board […]Read More

Crude Oil Prices Hit Three-Week High Amid Supply Tightness, Sanctions

Crude Oil Prices Hit Three-Week High Amid Supply Tightness, Sanctions

March 26, 2025

Crude oil prices surged to a three-week high earlier today, driven by the latest U.S. oil inventory data from the American Petroleum Institute (API) and expectations of a tighter market due to Washington’s intensified sanctions on Iran and Venezuela. At the time of writing, Brent crude was trading at $73.13 per barrel, while West Texas […]Read More

Shell Refinery Closure, Low Water Levels Drive Up Freight Costs on the Rhine

Shell Refinery Closure, Low Water Levels Drive Up Freight Costs

March 24, 2025

The shutdown of Shell’s 147,000 barrels per day Wesseling refinery, coupled with a power unit failure at the Miro refinery, has intensified demand for oil product barges on the Rhine this week. However, low water levels have significantly increased freight rates. Heating oil prices in the Cologne region have been on the rise since mid-March, […]Read More

NLNG TO IMPROVE OPERATIOAL EFFICIENCY OF DOMESTIC LPG SUPPLY IN NIGERIA

NLNG TO IMPROVE OPERATIOAL EFFICIENCY OF DOMESTIC LPG SUPPLY IN

March 24, 2025

Lagos, March 23, 2025. NLNG: The Nigerian Liquified & Natural Gas says it is committed to working with its stakeholders to improve operational efficiency in its domestic Liquefied Petroleum Gas (DLPG) supply. The reaffirmed commitment is contained in a statement issued at the weekend by Dr Sophia Horsfall, General Manager, External Relations and Sustainable Development. At […]Read More

The Imperative of Emergency Rule in Rivers – Tunde Rahman 

The Imperative of Emergency Rule in Rivers – Tunde Rahman 

March 22, 2025

Emergency rule is highly imperative as the leadership crisis rocking Rivers State escalated into the destruction of vital oil and gas infrastructure amid looming impeachment threats against Governor Siminalayi Fubara and his deputy Ngozi Odu, President Bola Tinubu wielded the big stick last Tuesday imposing a state of emergency on the oil rich state. On […]Read More

Dangote Refinery Poised to Process Over 100 Various Crude Oil

Dangote Refinery Poised to Process Over 100 Various Crude Oil

March 21, 2025

Dangote refinery is repositioning to sustain production capacity and process over 100 various types of crude oil despite shortage of Nigerian crude oil. The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, spoke on this when he received a delegation of Harvard Kennedy School scholars. He said the ingenuity involved in constructing a world-class refinery, which […]Read More

Tony Elumelu Foundation to unveil 2025 Cohort of Entrepreneurship Programme

Tony Elumelu Foundation to unveil 2025 Cohort of Entrepreneurship Programme

March 17, 2025

Lagos, Nigeria – March 17, 2025 – The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy empowering entrepreneurs is set to announce the 11th cohort of the TEF Entrepreneurship Programme on Saturday, March 22, 2025. The Foundation’s 2025 announcement comes at a critical time, as Africa’s entrepreneurship ecosystem faces funding constraints and global economic headwinds. TEF […]Read More

FG desirous investment increase in oil and gas sector-Lokpobiri

FG desirous investment increase in oil and gas sector-Lokpobiri

March 16, 2025

The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri on Wednesday March 12, 2025, toured the TotalEnergies’ offshore fields of Ofon and Egina as part of a one-day familiarization visit. Lokpobiri’s remarks The visit was intended to intimate the Minister with TotalEnergies’ investment plans, ongoing projects and challenges faced by the company in the […]Read More

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