Entries by AllAfrica News: Petroleum

Nigeria: Dangote Reduces Petrol Price Again /in /by

[Daily Trust] Dangote Petroleum Refinery and Petrochemicals has announced another reduction of N15 in the price of its high-quality Premium Motor Spirit (PMS), popularly known as petrol.

Nigeria: Assessing Nigeria’s Shifting Oil, Gas Landscape /in /by

[This Day] On May 29, President Bola Tinubu will mark the halfway point into his tenure. Midway into his first term, Nigeria's oil and gas sector, a long-standing cornerstone of the nation's economy, stands at a critical juncture.

Nigeria: Adeniyi – NCS Enforcing Fiscal Measures That Promote Shift From Fossil Fuel /in /by

[This Day] The Comptroller General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has said the service is committed to enforcing fiscal measures that will promote a shift away from fossil fuel dependency in line with the country's goal in achie...

Nigeria: Oil Theft – Nigeria Losing More Barrels of Crude Oil Than Some Opec Members Produce – Senator /in /by

[Premium Times] "Nigeria loses billions of dollars annually to crude oil theft. This is severely undermining our economy, weakening the Naira, and depriving the nation of vital revenue needed for infrastructure, healthcare, education, and social develo...

Nigeria: World Bank’s Call for NNPCL Audit Raises Questions On Nigeria’s Sovereignty /in /by

[Leadership] The World Bank's recent call for a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL) has sparked debate over the institution's role in Nigeria's economic affairs. While the Bank cites concerns over transparency and ...

Nigeria: Problems, Prospects, Solutions of Oil Block Development in Nigeria /in /by

[Premium Times] Two main players typically drive the development of oil blocks in Nigeria: International Oil Companies (IOCs) and National Oil Companies (NOCs).

West Africa: Nigeria Underproduces Crude By 46.4m Barrels in 4 Months in Threat to 2025 Budget /in /by

[This Day] Abuja -- Nigeria's crude oil production slumped by an estimated 46.4 million barrels in the first four months of 2025, spanning January to April, a development seen as a key threat to the country's 2025 budget.

Nigeria: NUPRC Excited As Conoil Lifts First Cargo of Obodo Oil Blend /in /by

[This Day] The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has congratulated Conoil Producing Limited on the successful shipment of the first cargo of the Obodo crude blend.

Nigeria: Gov Mbah Demands Enugu’s Share of 13 Percent Oil Derivation Fund /in /by

[Premium Times] The Nigerian government, in December 2022, recognised Enugu as an oil producing state which ultimately makes the South-eastern state eligible to receive 13% oil revenue.

Nigeria: Dangote Refinery Pledges Stability Amidst Oil Price Fluctuations /in /by

[Premium Times] According to the company, the decision reflects its unwavering commitment to supporting the Nigerian economy and alleviating the burden of fuel costs on consumers.