Petrol Price Chaos: Nigerians Face Fresh Burden
By Gideon Osaka
In May 2023 when the multibillion-dollar Dangote Refinery was officially commissioned, it was hailed as a national pride and a monumental achievement for Nigeria’s petroleum sector. The 650,000 barrels per day (bpd)!-->!-->!-->!-->!-->…
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EFCC Recovers US$60m In Ongoing Nestoil Investigation
The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Olanipekun Olukoyede, has led a major breakthrough in the Commission’s ongoing investigation into the alleged criminal aspects of transactions involving Nestoil!-->!-->!-->…
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NNPC GCEO has no statutory role in licensing
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), Mr. Bayo Ojulari, has no statutory role in licensing and award of oil block, officials of the oil giant said at the weekend.
Claims!-->!-->!-->!-->!-->…
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Stock Exchange begins new share pricing rule
The Nigerian stock market will today begin implementation of a new pricing methodology under which the market price of a particular share will determine the number of shares needed to effect movement in the share price.
The new!-->!-->!-->!-->!-->…
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$25bn Nigeria-Morocco gas pipeline dream drags
$25bn Nigeria-Morocco gas pipeline dream drags
The much-touted multi-billion-dollar Nigeria-Morocco Gas Pipeline is yet to take off owing to the alleged ‘lukewarm’ attitude of Nigerian authorities, Daily Trust learnt from credible!-->!-->!-->…
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FG warned against importation of refined petroleum products
The Federal Government has been warned against importing refined petroleum products when local refineries can fill the gap.
Giving the warning, a former General Manager of Corporate Planning and Business Development, Nigerian!-->!-->!-->!-->!-->…
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NNPC, Seplat discuss plans to raise oil production
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and Seplat Energy Plc have held discussions on plans to increase oil and gas production across their jointly held assets.
The meeting took place when the Group Chief!-->!-->!-->!-->!-->…
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Nigeria: NNPC, Exxonmobil Meet As Usan Infill Work Begins On ML 138
The Nigerian National Petroleum Company Limited (NNPC Limited) has engaged ExxonMobil on boosting deepwater output and pursuing further offshore investments, weeks after work began on the US$1 billion Usan Infill Project in Oil Mining!-->!-->!-->…
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Niger Delta community contactors reject NCDMB’s 1% remittance
Community contractors in the Niger Delta have rejected a new directive by the Nigerian Content Development and Monitoring Board, NCDMB, over the 1% remittance, noting it is already taken by the International Oil Companies, IOC.
They!-->!-->!-->!-->!-->…
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Nigerian Stocks Lose N3.8 Trillion As Selloff Stretches To Fifth Session
…Insurance stocks lead declines as Dangote Sugar, ETI weigh on blue chips
The Nigerian equities market extended its sell-off on Friday, August 14, 2026, shedding N3.8 trillion in the week after closing lower for a fifth consecutive!-->!-->!-->!-->!-->…
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JEX Market Positions To Fix Nigeria’s Gas Market Risk, Pricing Gap
In a strategic move to bridge the structural gap between Nigeria’s vast natural gas reserves and a fully functioning domestic market, JEX Markets has unveiled plans to build a regulated trading exchange aimed at curbing counterparty!-->!-->!-->…
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