Pump Prices Rise in Major Cities PETROL prices have surged across parts of Nigeria, with pump prices hitting ₦960 per litre in Abuja and ₦935 per litre in Lagos, following escalating tensions in the Middle East that have disrupted global oil markets. The increase comes days after Dangote Refinery adjusted its ex-depot price by ₦100, […]
Executive Order 9: Stakeholders Demand Clarity, Warn of Legal Fallout THE controversy surrounding President Bola Tinubu’s Executive Order 9 continues to deepen, as oil and gas stakeholders, legal practitioners and policy experts question its legality and implications for Nigeria’s petroleum sector. Signed on 18 February 2026, the directive mandates that all revenues from the oil […]
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 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 […]
Governors Demand Evidence of Presidential Write-Off THE Federation Account Allocation Committee (FAAC) has been thrown into fresh scrutiny after Nigerian governors demanded evidence of President Bola Tinubu’s recent approval to write off $1.42 billion and ₦5.5 trillion in legacy debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd.) to the Federation. The request […]
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 […]
By TAYO TAIWO (T. T.) OLUWOLE NOGIG 2026: 1,200 Athletes Set to Compete Across 13 Sports ABUJA will play host to the 20th edition of the Nigeria Oil and Gas Industry Games (NOGIG) from 8 to 14 February 2026, with over 1,200 athletes from 15 companies expected to participate. The announcement was made […]
By ESTHER McWILLIS-IKHIDE Strategic Gas Partnerships THREE subsidiaries of Dangote Industries Limited have entered into Gas Sales and Purchase Agreements (GSPA) with subsidiaries of the Nigerian National Petroleum Company Limited (NNPC Ltd), in a move expected to strengthen gas supply for industrial expansion and cleaner energy use. The agreements were signed between Dangote Petroleum Refinery, […]
By ESTHER McWILLIS-IKHIDE THE Nigerian National Petroleum Company Limited (NNPCL) has adjusted the pump price of premium motor spirit (PMS), commonly known as petrol, with new rates taking effect in major cities across the country. On Wednesday, NNPCL retail outlets in Lagos confirmed that petrol was selling at ₦835 per litre, while consumers in Abuja […]