The Dangote refinery claims it has dropped the ex-gantry fuel price to N1,200 per litre. The price cut is a N75 decrease from the previous cost of N1,275 per litre.…
President Bola Ahmed Tinubu has approved the expansion of the Presidential Initiative on Compressed Natural Gas (PiCNG) to include electric vehicles, widening the government’s clean transport strategy to cover both…
The Central Bank of Nigeria (CBN) has announced that it has removed the cash pooling requirement for international oil firms (IOCs), allowing them unfettered access to their export revenues. Cash…
Nigeria has shortened the approval period for reactivating dormant oil wells. Eniola Akinkuotu, spokesperson for the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), informed TheCable that the commission is expediting processes…
Nigeria's average crude oil output in 2025 grew to 1.64 million barrels per day (mbpd), a 5.8 percent increase over the same time in 2024, according to the Independent Petroleum…
