[Daily Trust] States governments under the Federal Account Allocation Committee (FAAC) Postmortem Sub-Committee have expressed concern on the growing scale of deductions from federation revenues, including power-related subsidy obligations, debt write-offs, and operational costs deducted at source.
[Daily Maverick] A rare rebuke from the Foreign Relations Committee elevates years of quiet prospecting into a test of whether the US will enforce a ban it helped to write.
[Scrolla] South African drivers could face petrol increases of up to R8 per litre in April after the rand price of Brent crude oil jumped sharply in one week. Analysts warn oil prices could climb above 100 dollars per barrel as conflict near the Strait of Hormuz disrupts a route carrying about 20 percent of global oil supplies.
[Liberian Investigator] The Government of Liberia must take decisive steps to ensure strong monitoring and strict enforcement of laws against the hoarding of petroleum products, particularly diesel fuel and gasoline. The ongoing developments surrounding global tensions in, particularly in the Middle East, and their potential impact on fuel prices present a moment that demands vigilance, transparency, and firm action from authorities.
[Daily Maverick] The Petroleum Agency of South Africa's dual role as promoter and licensor of oil and gas entrenches a conflict of interest that sidelines communities, undermines constitutional rights and deepens the climate crisis.
[allAfrica]
[Premium Times] The presidency said the agreement paves the way for a development that could add approximately 150,000 barrels per day to the country's production capacity.
[Premium Times] The Dangote Petroleum Refinery says the recent N100 increase in its petrol ex-depot price was driven by rising global crude oil prices and supply disruptions linked to geopolitical tensions in the Middle East.
[This Day] The Dangote Petroleum Refinery and Petrochemicals has reassured Nigerians of its commitment to stabilising the domestic petroleum market following recent disruptions in the global oil industry triggered by tensions in the Middle East.
[This Day] President Bola Tinubu on Thursday presided over the successful conclusion of a historic settlement agreement between the Federal Government of Nigeria, ENI, and Nigerian Agip Exploration Limited (NAEL).
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