Entries by AllAfrica News: Petroleum

Nigeria: Panic As Tanker Explodes On Epe-Ijebu Ode Expressway /in /by

[Vanguard] A fuel tanker explosion near the Old Toll Gate in Mojoda Community, Epe Local Government Area, Lagos State, has caused widespread disruption on the Epe-Ijebu Ode Expressway.

East Africa: Rwanda Announces Potential Oil Deposits in Lake Kivu /in /by

[Capital FM] Nairobi -- Rwanda now says that its oil and gas exploration in Lake Kivu has shown a promising potential for hydrocarbon resources in the area.

Ethiopia: Addis Abeba Trade Bureau Targets Fuel Stations Causing ‘Unnecessary Queues,’ Warns of Legal Action for Noncompliance /in /by

[Addis Standard] Addis Abeba -- The Addis Abeba Trade Bureau has issued a warning that it will take action against fuel stations responsible for creating unnecessary queues, following the recently approved proclamation by the parliament with the aim of...

Nigeria: Closing 2024 At 160.01 Percent, Oil & Gas Leads Others As Best Performing Stocks On Nigerian Exchange /in /by

[This Day] As the Nigerian stock market closed the 2024 financial year with a gain of 37.65 per cent on investors' return, the stocks of the oil and gas sector emerged as the best-performing index on the Exchange, an analysis of the market performance ...

Nigeria: Opec Quota Eludes Nigeria Amid Rising Oil Output /in /by

[Vanguard] Nigeria's daily average oil production rose by 7.38 percent year-on-year in December 2024 to 1.667 million barrels per day, bpd from 1.552 million bpd, including condensate, recorded over the corresponding period in 2023.

Nigeria: Why Freezing Order Against My Accounts Is Abuse of Court Process – Nduka Obaigbena /in /by

[Premium Times] First Bank had obtained a court order restraining banks in Nigeria from dealing in all monies and assets due to Mr Obaigbena.

Nigeria: Court Blocks Nduka Obaigbena’s Accounts Over $225.8 Million First Bank Debt /in /by

[Premium Times] The court forbids all banks from dealing in all monies and assets belonging to Mr Obaigbena and General Hydrocarbons Limited.

Nigeria: Nigeria Ranks 6th African Country With Cheap Fuel Prices /in /by

[Leadership] Fuel prices across Africa in 2025 reflect a diverse energy environment influenced by local production, subsidies, and imports.

Nigeria: As We Ramp Up Petrol Supply, We Must Address Infrastructure Deficit /in /by

[Daily Trust] Nigeria in December 2024 broke an age-long jinx of perennial end-of-year shortage of petroleum products. It had become an albatross that hung on the nation over decades, usually destabilising economic and social activities. Long queues at...

West Africa: Nigeria Finally Meets Opec Quota, Lokpobiri Credits Tinubu for Increased Oil Output /in /by

[This Day] ·Minister says current govt raised production by 800,000 bpd in 18 months