NNPC reports N431bn profit after tax in August 2026 as revenue rises to N3.73tn and crude oil and condensate production reaches 1.69m bpd. The Nigerian National Petroleum Company (NNPC) Limited…
The Presidency says NNPC will forgo its petrol retail profit margin for 30 days, selling fuel at cost as FG pursues a N1,350-per-litre cost ceiling. The Presidency says the Nigerian…
The Federal Government has announced a 30-day petrol discount at NNPC stations, prioritising public transporters and targeting a N1,350 ex-gantry cost ceiling. The Federal Government has announced a 30-day discount…
NUPRC has launched Nigeria’s 2026 licensing round, offering 40 oil and gas blocks across land, shallow water and deepwater terrains. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has launched its…
NNPC says it incurred N11.2tn in costs to protect Nigeria’s oil and gas assets in 2025, with the federal government expected to reimburse the company. The Nigerian National Petroleum Company…
Nigeria plans to end domestic gas price regulation by September 2028 as NMDPRA targets a fully established willing-buyer, willing-seller gas market. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)…
Aliko Dangote says the Dangote Refinery’s $5bn Pan-African IPO will open within 10 to 12 days as the company plans to double refining capacity. Aliko Dangote, chief executive officer (CEO)…
President Tinubu’s Special Adviser on Oil and Gas, Olu Verheijen, says West Africa must move beyond refining capacity to build the infrastructure, financing systems and transparent markets needed for regional…
NMDPRA chief Rabiu Umar says Nigeria is transitioning from a crude exporter into Africa's refining hub as capacity expands. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria…
US President Donald Trump says Iran will face severe military action if the Strait of Hormuz remains closed, despite ongoing discussions aimed at reopening the strategic waterway. US President Donald…
