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Nigeria: FG to Sell New Oil Wells in 2025/in /by
[Leadership] The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a 2025 licensing round, activating the 'Drill or Drop' clause from the Petroleum Industry Act (PIA) 2021, which emphasising a three-year deadline for oil operators to commence production or relinquish their licenses.
Nigeria: We Agreed On Sale of 20 Percent Stake At $2.76bn – Dangote Refinery/in /by
[Vanguard] THE Dangote Petroleum Refinery, yesterday, said the initial plan was for the Nigerian National Petroleum Company Limited, NNPCL, to buy 20 per cent stake at the refinery at $2.76 billion.
Nigeria: $1bn Loan – Your Statement Misleading, Dangote Replies NNPCL/in /by
[Daily Trust] The Dangote Petroleum Refinery on Wednesday clarified its partnership with the Nigerian National Petroleum Company Limited (NNPCL), explaining that it agreed on the sale of a 20% stake at a value of $2.76 billion.
Kenya: Detectives Seize Over 12,000 Litres of Ethanol in Busia/in /by
[Capital FM] Nairobi -- Detectives in Busia have seized 12,750 litres of ethanol concealed in a vehicle transporting the substance from a neighboring country.
Nigeria: Dangote Refinery Speaks On NNPC’s $1 Billion Loan/in /by
[Premium Times] The Dangote Refinery said that the NNPC Ltd's $1 billion investment was not made to support the refinery during liquidity challenges, but rather to acquire a 7.24 per cent stake in the refinery.
Angola: Oil Exploration in Cabinda Norte Block Begins in 2025/in /by
[ANGOP] Cabinda -- Onshore oil exploration in the Cabinda Norte Block, Cabinda Province, will begin in 2025, the Operations Director of ACREP-Exportação Petrolífera S.A., Idónio dos Santos, announced on Tuesday.
Nigeria: Lokpobiri – Overhauling Petroleum Industry Act Will Enhance Better Implementation/in /by
[This Day] Abuja -- The Minister of State, Petroleum Resources, (Oil) Senator Heineken Lokpobiri, has stated that the rework of the Petroleum Industry Act (PIA) was critical to Nigeria's monetary and fiscal policy environment and for better implementation of the law.
Nigeria: Buhari Didn’t Remove Fuel Subsidy, He Cared About Nigerians – Femi Adesina/in /by
[Daily Trust] Femi Adesina, the former Special Adviser on Media and Publicity to ex-President Muhammadu Buhari, has described him as a friend of the masses which underscored many of his policies and decisions while in government.
Nigeria: Govt Moves to Avert Repeat of P&ID Saga, Unveils Manual On Contract Mgt, Compliance/in /by
[This Day] Abuja -- The federal government has unveiled a contract management and compliance manual, aimed at avoiding the repeat of the Process and Industrial Development (P&ID) contract that threatened the seizure of Nigeria's assets abroad over alleged breach of contract.
Nigeria: How $1 Billion Loan Helped Dangote Refinery – NNPC/in /by
[Premium Times] Mr Soneye explained that the initiative underscores NNPC's dedication to fostering public-private partnerships that drive national development.