Browsing Tag
Oil and Gas
34 posts
Daily Petrol Usage Drops by 600,000 Litres
Nigeria's daily petrol consumption fell to 47.4 million litres in June 2026, marking a 600,000-litre daily decrease compared to the previous year as market deregulation continues to influence demand.
EFCC Recovers N115 Billion in Unpaid NDDC Levies from Oil Firms
The EFCC has recovered N115 billion in unpaid NDDC levies from oil companies following an investigation based on 2021-2023 NEITI audit findings.
EFCC Recovers N115 Billion for NDDC Following NEITI Audit Review
The EFCC has recovered over N115 billion in unpaid NDDC levies from oil companies following an investigation into the 2021–2023 NEITI audit report.
Dangote Refinery Stresses Need for Accessible and Fairly Priced Local Crude
Dangote Refinery clarifies that while it supports sourcing local crude, supplies must be both physically available and priced at competitive market levels to remain viable for domestic operations.
Senate Orders Four Oil Firms to Answer NEITI Audit Queries Within 48 Hours
The Senate Public Accounts Committee has granted four oil companies 48 hours to address audit queries from NEITI or face potential legislative sanctions.
President Tinubu Authorizes New Strategy to Secure $50 Billion in Offshore Oil Investment
President Tinubu has enacted a new policy framework aimed at attracting $50 billion in investment to Nigeria's offshore oil sector by replacing project-specific negotiations with standardized rules.
Senate Issues 48-Hour Deadline to Four Oil Firms Over NEITI Audit Reports
Four oil companies have been ordered by the Senate to appear within 48 hours to explain findings in recent NEITI audit reports, while Dubri Oil disputes its own debt assessment.
Nigeria records 148% surge in foreign investment amid regional downturn
Nigeria saw a 148% increase in foreign direct investment in 2025, reaching $4.01 billion, driven primarily by energy sector deals despite a continental decline in investment.
President Tinubu Announces Plans for NNPCL Stock Exchange Listing
President Bola Tinubu confirmed that the NNPCL will be listed on the Nigerian Exchange Limited as part of broader efforts to reform and modernize the nation's oil sector.
Dangote Refinery Remains Europe’s Primary Jet Fuel Source for Second Straight Month
Dangote Refinery has maintained its lead over the United States as Europe's primary jet fuel supplier for the second month, supplying nearly 20 percent of the continent's imports in July.