Entries by AllAfrica News: Petroleum

Nigeria: World Bank Urges Full Transfer of Subsidy Removal Revenues to Federation Account /in /by

[This Day] The World Bank has called for the complete transfer of revenue gains from the total removal of fuel subsidy into the Federation Account. It said despite the full subsidy removal in October 2024, Nigerian National Petroleum Company Limited (N...

Nigeria: NNPCL to Resume Kolmani Drilling in Northeast /in /by

[Daily Trust] Two years after the launch of crude oil drilling at the border of Bauchi and Gombe states, the new head of Nigeria's National Petroleum Company Limited (NNPCL), Bayo Ojulari, has announced plans to resume operations.

Nigeria: NNPC to Resume Oil Drilling in Northern Nigeria, Speaks On Feud With Dangote Refinery /in /by

[Premium Times] Mr Ojulari also said the NNPC has resolved the feud between the NNPC and the Dangote refinery.

Nigeria: Despite Mounting NPLS, Nine Banks’ Exposure to Oil & Gas Increase to N15.6trn /in /by

[This Day] Amid growing Non-Performing Loans (NPL) and unstable global oil prices, a total of nine banks' exposure to the Oil & gas sector increased to N15.6 trillion in 2024, representing about 94.4per cent increase from N10.17 trillion repor...

Nigeria: Govt Warns Fuel Stations Against Cheating /in /by

[Vanguard] The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPR) has urged filling stations to follow regulations and avoid shortchanging customers by under-dispensing fuel.

Nigeria: AT – 13.20 Percent, NGX Oil & Gas Index Remain Worst Performing Indicator /in /by

[This Day] For closing at -13.20 per cent in the first four months of 2025, the Nigerian Exchange Limited (NGX) Oil & Gas Index has maintained its position as the worst performing indicator on the bourse amid the overall stock market growth in...

South Africa: African Coastal Livelihoods Deserve To Be Protected! /in /by

[The Green Connection] As court hearings unfold this week in the Western Cape High Court, small-scale fishers and coastal communities from across the Northern and Western Cape have united with civil society organisations The Green Connection and Natura...

Nigeria: NNPCL Ordered to Raise Oil Output to 2.5m Bpd By 2026 /in /by

[Vanguard] The Federal Government on Wednesday directed the management of the Nigerian National Petroleum Company Ltd. (NNPCL) to increase oil production beyond current levels by the end of the year.