NNPC Reports Nigeria’s Crude Production At 1.821 Million Bpd
The Nigerian National Petroleum Company (NNPC) Limited said on Thursday that crude oil production has…
NNPC Reports Nigeria’s Crude Production At 1.821 Million Bpd
The Nigerian National Petroleum Company (NNPC) Limited said on Thursday that crude oil production has risen to 1.8 million barrels per day in the last month. Group Chief Executive Officer Bayo Ojulari put the figure at 1.821 million barrels per day (bpd), including condensates. He said the increase reflects improved regulations and upstream activities. Ojulari…
FG warns petrol subsidy return could push petrol to N2,000, naira to N3,000/$
The Federal Government has warned that returning petrol subsidy could push the pump price of petrol to at least N2,000 per litre and weaken the naira to about N3,000 per dollar within months. Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, gave the projection on Thursday during a press briefing on…
Petrol Depot Prices Drop to N1,350 as FG Proposes Price Ceiling
Petrol depot prices in Lagos, Port Harcourt and Calabar fell to N1,350 per litre on Friday, October 9, after the Federal Government proposed a ceiling on landing and ex-gantry costs. Several depots in Warri, however, held on to higher rates. Price data collected across major depot locations showed Nipco, Honeywell, Ardova and Prudent depots in…
FG Courts Investors, Targets Accelerated Metering and Enhanced Gas Supply to Unlock Power Sector Value
The Federal Government is courting investors for the next phase of Nigeria’s power sector reform, with accelerated metering and enhanced gas supply at the centre of efforts to turn existing assets into electricity delivered and paid for. The position was set out at the NAEC Energy Conference 2026 in Lagos, organised by the Association of…
FG offers petrol at N1,350 for next 30 days.
The Federal Government, yesterday, said it would offer a discount on petrol dispensed at the filling stations of the Nigerian National Petroleum Company, NNPC, Limited for the next 30 days. It said the designated NNPC stations will sell petrol at N1,350, a price that would be reviewed every month. Meanwhile, the Presidency, yesterday explained that…
NAEC 2026: FG seeks infrastructure, capital to unlock 215trn scf gas reserves
The Federal Government has called for greater access to infrastructure, capital, markets and predictable regulation to unlock the value of Nigeria’s estimated 215 trillion cubic feet of proven gas reserves.The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, said access to gas assets should go beyond licences and acreage, as investors could…
NAEC 2026: Indigenous firms must consolidate to win bigger oil projects-PETAN
The Chairman of the Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsaya, has called on indigenous oil and gas companies to consolidate their technical and financial capacities to compete for bigger projects and take advantage of opportunities arising from the divestment of oil and gas assets. Ogunsaya said Nigerian companies could not continue to…
NAEC 2026: FG seeks infrastructure, capital to unlock 215trn scf gas reserves
The Federal Government has called for greater access to infrastructure, capital, markets and predictable regulation to unlock the value of Nigeria’s estimated 215 trillion cubic feet of proven gas reserves.The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, said access to gas assets should go beyond licences and acreage, as investors could…
*NAEC 2026: Heritage Energy Says Value Creation Beyond Asset Access, Canvasses Collaboration For Growth*
Heritage Energy Operational Services Limited (HEOSL) has said access to assets in Nigeria’s oil and gas industry must go beyond physical resources to include access to capital, technology, markets and regulatory certainty to unlock investment and boost energy security. The company stated this in a goodwill message at the 2026 National Association of Energy Correspondents…
NAEC 2026:Asset ownership alone won’t drive energy growth- kola Adesina.
Chairman of Sahara Group, Kola Adeshina, has said ownership of oil and gas assets alone will not drive growth in Nigeria’s energy sector, stressing the need for technical capacity, financing and innovation to translate assets into economic value. Adeshina, represented by Head of Corporate Communications, Sahara Group, Bethel Obioma, stated this at the 2026 Energy…
