Oil & Gas

Consumer

Nigerian fuel marketers promptly raise petrol prices over Iran war

Plu Team -
Nigerians are paying sharply higher prices for petrol after a spike in global crude...
Commodities

Oil prices surge as Iran war widens across Middle East

Plu Team -
Global oil prices spiked sharply Sunday night after the United States and Israel launched...
Oil & Gas

Tinubu terminates Buhari-era fund for northern and inland oil search

Plu Team -
President Bola Tinubu has dismantled a flagship oil exploration fund created under former President...
Oil & Gas

With executive order, Tinubu alters Nigeria’s oil law, overriding National Assembly

Plu Team -
President Bola Tinubu has moved to rewrite key fiscal provisions of Nigeria’s landmark 2021...
Oil & Gas

Nigeria offers oil blocks in Boko Haram-hit Lake Chad, cuts entry costs to lure investors

Plu Team -
Nigeria has offered oil blocks in the Lake Chad basin, a region that has...
Oil & Gas

Seplat switches on new gas plant, begins sales to Indorama and others

Plu Team -
Seplat Energy Plc has begun supplying natural gas from a major new facility in...
Oil & Gas

Tinubu replaces oil regulators after Dangote clash forces exits

Eric Ojo -
President Bola Tinubu has moved to reset Nigeria’s oil and gas regulation after the...
Oil & Gas

Dangote escalates clash with NMDPRA, petitions ICPC over corruption claims

Plu Team -
Aliko Dangote has taken his dispute with Nigeria’s downstream petroleum regulator to the country’s...
Oil & Gas

TotalEnergies sells 40% stake in Nigerian offshore licenses to Chevron

Plu Team -
TotalEnergies has moved to shed part of its Nigerian offshore portfolio after signing a...
Companies

Honeywell to help Dangote Refinery double capacity, become world’s largest

Plu Team -
Dangote Refinery has sealed a partnership with multinational giant Honeywell to provide services that...
Oil & Gas

NNPC Limited reports ₦5.4 trillion profit for 2024

Plu Team -
NNPC Limited has reported a Profit After Tax of ₦5.4 trillion for 2024 on...
Oil & Gas

Nigeria shelves 15% fuel import tax seen as protecting Dangote Refinery

Plu Team -
The Nigerian government has suspended the planned implementation of a 15% import duty on...
Oil & Gas

Tinubu slaps new tax on fuel imports, a major boost for Dangote Refinery

Eric Ojo -
President Bola Tinubu has approved a 15% import duty on petrol and diesel, a...
Oil & Gas

Oil prices jump after U.S. imposes new sanctions on Russia

Plu Team -
Oil prices surged on Thursday after U.S. President Donald Trump unveiled sweeping sanctions against...
Consumer

Petrol nears ₦1,000 as depot owners exploit Dangote refinery supply glitch

Plu Team -
Nigeria’s long-running battle with fuel scarcity has entered another round, this time, driven not...
Oil & Gas

Nigeria’s lost 16% of oil output during strike over Dangote Refinery job cuts

Plu Team -
Nigeria’s crude and gas production dropped sharply during a short-lived strike by oil workers...
Oil & Gas

PENGASSAN suspends strike as Dangote Refinery agrees to recall workers

Plu Team -
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has suspended its...
Economy

Nigeria moves to rewrite oil law PIA, stripping NNPC of contract control

Plu Team -
The Nigerian government is preparing its first major overhaul of the Petroleum Industry Act...