A Landmark Shift in Fuel Supply NIGERIA’S downstream petroleum landscape is set for a major overhaul as the Dangote Petroleum Refinery prepares to supply up to 65 million litres of petrol daily to the domestic market. Speaking in Lagos, Aliko Dangote, President of the Dangote Group, confirmed that a comprehensive offtake framework has been agreed […]
By ESTHER McWILLIS-IKHIDE New Grade to Strengthen Nigeria’s Oil Recovery THE Nigerian National Petroleum Company Limited (NNPC) is set to begin export of a new light, sweet crude grade known as Cawthorne in March 2026, marking another step in Nigeria’s ongoing efforts to consolidate its oil production recovery. According to a Reuters report, an NNPC […]
By ESTHER McWILLIS-IKHIDE Uncertainty Trails Presidential Revenue Directive FRESH uncertainty has gripped Nigeria’s oil and gas sector following President Bola Tinubu’s executive order mandating the immediate remittance of oil and gas revenues to the Federation Account for distribution among the three tiers of government. The directive, which reinforces Section 162 of the Constitution, halts the […]
By NINI NDUONOFIT-AKOH Oil Dispute Reignites Between Neighbouring States THE protracted dispute over offshore oil wells between Akwa Ibom State and Cross River State has resurfaced, with both governments restating sharply divergent legal and political positions. While Akwa Ibom authorities insist no oil wells have been reallocated, Cross River Governor Bassey Otu says “fairness must […]
Governor Highlights Power of Education DELTA State Governor, Sheriff Oborevwori, has described education as one of the most powerful instruments for societal transformation, urging sustained collaboration between government and the private sector to secure the future of the state. The governor made the remarks on Thursday at Government House, Asaba, while receiving the Managing Director […]
Executive Order Targets Revenue Leakages PRESIDENT Bola Tinubu has signed an Executive Order mandating the direct remittance of oil and gas revenues into the Federation Account, in a sweeping move to plug leakages and strengthen public finances. The directive, announced in Abuja through a statement by Presidential Spokesperson Bayo Onanuga, is anchored on Section 5 […]
By ESTHER McWILLIS-IKHIDE NNPC, China Gas, PCCS Seal Tripartite Deal NNPC Limited has entered into a tripartite Memorandum of Understanding (MoU) with China Gas Holdings Limited and Peiyang Chemical Singapore PTE Ltd (PCCS) to advance Nigeria’s natural gas infrastructure and deepen collaboration across the gas value chain. The agreement was signed at NNPC’s headquarters in […]
By ESTHER McWILLIS-IKHIDE DANGOTE Petroleum Refinery has reduced its ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly known as petrol, by ₦25 per litre. The refinery announced on Tuesday that the price had been cut from ₦799 per litre to ₦774 per litre, with the new rate taking immediate effect nationwide. The adjustment was […]
By ESTHER McWILLIS-IKHIDE THE Federal Government may soon resume the issuance of petrol and diesel import permits, as regulators move to head off potential supply shortages following a temporary suspension earlier this year. Industry sources say the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is expected to begin approving new import licences later in […]
NUPRC, NNPC Commit to Stronger Collaboration THE Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian National Petroleum Company Limited (NNPC) have pledged to strengthen collaboration aimed at improving efficiency, lowering operating costs, and enhancing Nigeria’s competitiveness in the global oil and gas industry. This commitment followed a high-level meeting between the management teams of […]