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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Italy Court Closes Another Chapter In Nigeria’s $1.3 billion Oil scandal
Italy’s highest court has acquitted two prosecutors who led the failed corruption case against energy giants Eni and Shell over Nigeria’s controversial OPL 245 oil block, closing another chapter in one of Africa’s biggest and…
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AEC Affirms Nigeria’s Indigenous Companies’ Capacity To Create Value From Oil Production
The African Energy Chamber (AEC), has said as foreign operators continue to reduce their onshore exposure, Nigerian indigenous oil firms are stepping in to fill the gap, with local firms now accounting for more than half of the…
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Nigeria Cuts Petrol Import Bill To Below N90bn Q1 – Verheijen
Nigeria has reduced its petrol import bill drastically to under N90 billion in the first quarter of 2026 following an increase in local refining of petroleum products the special adviser to the President on Oil and Gas, Olu Arowolo…
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New CBN Rule: Banks, Fintechs Will Benefit From Data Localisation, Lower Forex Dependence – Telcos
Association of Licensed Telecom Operators of Nigeria (ALTON), Chairman Engr. Gbenga Adebayo
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has thrown its weight behind the Central Bank of Nigeria’s (CBN)…
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Aradel Holdings Plc Announces FY 2025 Audited Results
Landmark acquisitions and strong financial growth reinforce Aradel Holdings’ position as a large-scale integrated energy platform.
Aradel Holdings Plc ("Aradel", "Aradel Holdings", "the Company" or "the Group"), Nigeria's leading…
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Sierra Leone signs $225m offshore oil exploration deal with Nigerian firm
Sierra Leone signed a petroleum licence agreement with Nigeria-based Marginal Energy Limited, granting the company rights to explore and produce oil and gas offshore as the country steps up efforts to attract investment into its…
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‘Even The Minister Cannot Ask Me Such Question’ – PTDF Boss Sparks FOI…
Professor Shu'aibu Shehu Aliyu, ES
A recent engagement between representatives of host communities around the College of Petroleum and Energy Studies, Kaduna (CPESK) and the management of the Petroleum Technology Development Fund…
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PTDF Welcomes new Executive Secretary
Professor Shu'aibu Shehu Aliyu
The Petroleum Technology Development Fund (PTDF) officially welcomed Professor Shu'aibu Shehu Aliyu as its new Executive Secretary. He was appointed by President Bola Ahmed Tinubu to lead the agency in…
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Uncertainty as FG shifts electricity burden to states
Following the federal government’s decisive withdrawal as the sole bearer of electricity subsidies, a profound wave of fiscal realignment and economic anxiety has begun rippling across the country.
By mandating that the 36…
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Shareholders of TotalEnergies fall victims of petrol price war
•Wipes out profit, dividend
The company reported a loss after tax of N13.853 billion in 2025, reversing the N27.496 billion profit recorded in 2024, as intense price competition and market instability significantly impacted its…
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