Oyedele proposes $1trn capital market, calls for NNPC, NLNG listings
Finance Minister Taiwo Oyedele urges the federal government to list NNPC and NLNG as part of a proposal to grow Nigeria’s capital market to $1 trillion. Taiwo Oyedele, minister of…
OIL
Oil prices hit $110 for first time since May as middle east tensions escalate
Brent crude hits $110 for the first time since May as Middle East tensions threaten global oil supplies, raising fresh concerns over petrol prices in Nigeria. Brent crude oil touched…
NNPC begins emergency response after Rivers gas pipeline explosion injures 20
NNPC has isolated a gas pipeline after an explosion in Rivers State reportedly injured 20 people and damaged about 50 houses as investigations begin. The Nigerian National Petroleum Company (NNPC)…
NNPC records N431bn August profit as crude oil production hits 1.69m bpd
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…
Cars queue to buy petrol at the NNPC Mega petrol station in Abuja, Nigeria March 19, 2020. REUTERS/Afolabi Sotunde
Presidency: NNPC to forgo retail profit in 30-Day petrol deal
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…
FG offers 30-Day petrol discount at NNPC stations to ease fuel costs
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 offers 40 oil, gas blocks in 2026 licensing round
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 spent N11.2tn protecting Nigeria’s oil assets in 2025
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…
NMDPRA sets 2028 deadline to end domestic gas price regulation
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 | CEO-Dangote Group
Dangote Refinery IPO to open within 10-–12 Days
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)…
