By MELVIN KOFFA NIGERIA’S vast natural gas reserves will play a central role in powering the country’s ambitious 4,000km high-speed rail project, capable of reaching speeds up to 350 km/h, the Minister of State for Petroleum Resources (Gas), Dr. Ekperikpe Ekpo, has said. Speaking at the International Railway Conference 2025 in Abuja, Ekpo described the […]
NIGERIA has marked a historic turning point in its oil and gas sector with the completion of the $400 million Otakikpo Terminal in Rivers State by Green Energy International Limited (GEIL)—the country’s first fully indigenous crude oil export facility. For over 50 years, Nigeria’s crude exports have been funneled through foreign-built terminals owned and operated […]
THE Dangote Petroleum Refinery has announced a significant step in reshaping Nigeria’s fuel supply chain, revealing a new pricing structure for Premium Motor Spirit (PMS) and plans to commence direct distribution of petrol to filling stations nationwide from Monday 15 September 2025. In a statement released Thursday, the refinery confirmed that the gantry price has […]
NIGERIA’S upstream oil industry has achieved a major milestone, with crude oil losses from theft and metering challenges falling to their lowest level in nearly 16 years. The latest Nigerian Upstream Petroleum Regulatory Commission (NUPRC) report, tracking crude oil losses up to July 2025, revealed that daily losses averaged just 9,600 barrels per day (bpd)—a […]
NIGERIA Liquefied Natural Gas Limited (NLNG) says it is harnessing Artificial Intelligence (AI) to improve efficiency, safety, and productivity across its operations, while boosting domestic gas supply and exports. Olakunle Osobu, NLNG’s Deputy Managing Director, made this known during a panel session at the ongoing Gastech Exhibition and Conference in Milan, Italy. The session, themed […]
THE Federal Government of Nigeria has unveiled an ambitious plan to boost the country’s industrial sector. The goal is to increase the industry’s contribution to the Gross Domestic Product (GDP) from the current 10 percent to 25 percent by 2035. Minister of State for Industry, Senator John Owan, announced this during a panel session at […]
THE NNPC Foundation, the Corporate Social Responsibility arm of NNPC Limited, has extended its Vulnerable Farmers Training Programme to Northern Nigeria.This marks the second phase of the project aimed at empowering rural farmers and improving food security. Mr. Andy Odeh, Chief Corporate Communications Officer of NNPC Ltd., said the initiative supports national development by promoting […]
THE federal government has reiterated its target of producing 10 billion standard cubic feet (SCF) of gas per day by 2030, with fresh assurances that ongoing reforms are designed to position Nigeria as a global energy hub. This commitment was made yesterday in Abuja by the Minister of Finance and Coordinating Minister of the Economy, […]
NIGERIA, Africa’s largest oil producer, has announced a 5% tax on all fossil fuel sales as part of its new tax law that goes into effect in January 2026. According to this new tax regulation, Nigerians are now expected to pay a “5% surcharge that is chargeable on fossil fuel products provided or produced in […]
I built everything, didn’t inherit my father’s wealth, says Dangote THE Dangote Refinery has exported its first gasoline cargo to the United States (U.S.).The development, which marks a new milestone for the facility’s growing global footprint, was not immediately confirmed when The Guardian contacted the company’s Group Chief Branding and Communications Officer, Anthony Chiejina. Argus […]