Dangote Says Nigeria Should Not Be Importing Fuel, We Have

… seeks legislative backing for Nigeria First Policy President/Chief Executive, Dangote Industries Limited, Aliko Dangote, has criticised the crude supply practices of international oil companies, insisting that Nigeria has no justification for importing crude or refined petroleum products if existing laws are properly enforced.  Speaking during a visit by the South South Development Commission (SSDC) […]Read More

Iraq’s Largest Gas Field Resumes Operations After Drone Attack

December 01, 2025 Iraq’s Khor Mor gas field, the country’s largest non-associated gas field, has resumed operations after it shut down following a recent drone attack. Last week, a rocket struck a storage tank at the Khor Mor site, stopping production and triggering widespread power outages. The drone attack was one of the largest since terrorist […]Read More

Nigeria’s 2025 Oil Licensing Round: NUPRC Opens Portal For Prospective

December 1, 2025 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the official commencement of the Nigeria’s 2025 oil licensing round has officially commenced with the opening of the portal for prospective investors to bid. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced this today, with assurance of transparency in the process. The bid […]Read More

TotalEnergies Expands Chevron Partnership With Nigeria Offshore Deal

December 01, 2025 TotalEnergies SE (TTE) is expanding its global exploration partnership with Chevron, signing a farmout deal that hands the U.S. major a 40% stake in two offshore Nigeria licenses—PPL 2000 and PPL 2001—while retaining operatorship. The licenses, covering roughly 2,000 square kilometers in the West Delta basin, were awarded in Nigeria’s 2024 Exploration Round to […]Read More

Dangote Refinery Affirms 1.5bn Litres of Petrol Monthly

December 1, 2025 Dangote Petroleum Refinery has announced plans to supply one billion, five hundred million litres of Premium Motor Spirit (PMS) monthly to the Nigerian market in December 2025 and January 2026, a move aimed at ensuring uninterrupted nationwide fuel availability through the festive season and into the New Year. President and Chief Executive […]Read More

OPEC+ Holds Output Steady, Approves New Capacity Framework Through 2026

November 30, 2025 OPEC and its allies agreed on Sunday to keep oil output levels unchanged through the end of 2026, reaffirming their production control framework amid mounting concerns over a looming supply glut and weakening prices. The decision came at the 40th OPEC and non-OPEC Ministerial Meeting, where members endorsed a new mechanism to assess national […]Read More

Sahara Group Deepens Reforestation with Gelegele Forest Reserve

November 30, 2025 Sahara Group has expanded its environmental sustainability agenda through a strategic partnership between its flagship Adopt-A-Forest Initiative and the Gelegele Forest Reserve in Edo State, Nigeria. The collaboration, which kicks off with the planting of 20,000 tree seedlings, is aimed at regenerating degraded areas of the reserve and reinforcing Sahara’s long-term commitment […]Read More

Oil Prices Headed for Fourth Monthly Loss as Glitch Halts

November 28, 2025 Oil prices were headed for a fourth consecutive monthly loss early on Friday as a data center glitch forced CME Group to halt trading in futures and options, disrupting oil futures trades as well as equities, bonds, and foreign exchange. “Due to a cooling issue at CyrusOne data centers, our markets are […]Read More

President Tinubu Approves National Tax Policy Implementation Committee (NTPIC) to

November 28, 2025 President Bola Ahmed Tinubu has approved the establishment of the National Tax Policy Implementation Committee (NTPIC). The committee, which Mr Joseph Tegbe chairs, will ensure the implementation of the administration’s landmark tax reforms in line with the economic aspirations of the government and the people of Nigeria. Minister of Finance and Coordinating […]Read More

Saudi Arabia Set to Slash Oil Prices to Asia for

November 28, 2025 Saudi Arabia is expected to slash the prices for its crude bound for Asia in January to the lowest premium to benchmarks in five years, as the world’s largest crude exporter looks to preserve market share amid ample supply and falling spot Middle East benchmarks.  Saudi oil giant Aramco will likely reduce […]Read More

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