Pertamina Eyes Nigeria’s 2026 Licensing Round as NUPRC Woos Foreign Capital
Indonesia’s state-owned oil company, Pertamina, is considering investment in Nigeria’s upstream oil and gas sector,…
NMDPRA threatens to revoke licences of filling stations tampering with pumps
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it has observed incidents of under-dispensing of petroleum products at retail outlets nationwide. In a statement on Tuesday, it said it views the action as a serious breach of consumer trust that will not be tolerated. To safeguard the interests of consumers, all retail outlet…
Dangote Cuts Petrol Price to N1,325 Per Litre, Nine Days After N85 Hike
Dangote Petroleum Refinery has cut the ex-gantry price of Premium Motor Spirit by N25 per litre, bringing its new rate to N1,325. The reduction comes just nine days after the refinery raised the price by N85. On September 12, 2026, Dangote moved its price from N1,265 to N1,350 per litre. The latest cut reverses part…
Pertamina Eyes Nigeria’s 2026 Licensing Round as NUPRC Woos Foreign Capital
Indonesia’s state-owned oil company, Pertamina, is considering investment in Nigeria’s upstream oil and gas sector, including producing assets and projects nearing final investment decisions. The interest came as the Nigerian Upstream Petroleum Regulatory Commission opened talks with Indonesia on petroleum investments and signalled Pertamina’s interest in the upcoming 2026 licensing round. The discussions involved NUPRC…
Tinubu’s Oil Reforms Attracting Ready Investors- Lokpobiri
Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, says the reforms in Nigeria’s oil sector are attracting investors with the financial and technical capacity to develop the country’s petroleum assets. Lokpobiri spoke in Yenagoa when the management of Highban Resources Limited visited him with its Chinese investment partners, Manshi Group and Richland SG…
Oil Prices Slip as Middle East Crude Flows Stay ‘Surprisingly Strong’
Oil prices fell on Monday as traders watched for a recovery in shipments from Saudi Arabia, even after weekend attacks by Iran-backed Houthis with missiles and drones. Brent crude futures for November delivery dropped 1.71% to $102.09 a barrel as of 2:53 a.m. ET, while U.S. West Texas Intermediate futures for October shed 1.96% to…
Nigeria’s $300m Renewable Energy Fund Moves from Structuring to Deployment
Nigeria’s $300 million Distributed Renewable Energy Fund has been commercially launched, moving the initiative from its structuring phase into capital deployment. The Nigeria Sovereign Investment Authority (NSIA) announced the launch on Monday. The fund pools public and private capital to finance distributed renewable energy projects and widen access to reliable electricity across the country. The…
Nigeria’s gas export earnings rise 4.2% to $6.22 billion in H1 2026
Nigeria earned $6.22 billion from gas exports in the first half of 2026, a 4.2% rise from $5.97 billion in the same period of 2025. The increase was driven almost entirely by a strong second quarter, according to an analysis of the Central Bank of Nigeria’s Balance of Payments Highlights for the first and second…
Nigeria’s refined petroleum exports hit $3.94bn in Q2 2026, up 148%
Nigeria’s refined petroleum product exports rose to $3.94 billion in the second quarter of 2026, up 148% from $1.59 billion in the same period of 2025. The figure was also 66.2% higher than the $2.37 billion recorded in the first quarter of 2026. The data is based on the Central Bank of Nigeria’s Balance of…
FG, NNPCL Urged to Restart Port Harcourt and Warri Refineries as Petrol Prices Rise
Dr Joseph Obele, National Public Relations Officer of the Petroleum Products Retail Outlets Owners, has called on the Federal Government and NNPCL to restart Nigeria’s government-owned refineries to boost local fuel supply and reduce dependence on imports Obele in a statement said reviving the refineries could help ease rising petroleum prices and reduce inflationary pressure…
FG Moves to Probe Petrol Prices as Dangote Refinery Adds N85 Per Litre
The Federal Competition and Consumer Protection Commission (FCCPC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have signed a Memorandum of Understanding in Abuja to tighten oversight of the deregulated petrol market. The move follows a fresh price adjustment by Dangote Petroleum Refinery that has pushed pump prices higher across the country. Dangote…
