NNPC Retail Offers N66 Per Litre Petrol Discount, N30,000 Giveaway
NNPC Retail is offering a N66 discount on every litre of petrol bought at participating…
NLNG, strengthens partnership with Colman
The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Mr. Adeleye Falade, has pledged to strengthen the company’s partnership with Coleman Technical Industries Limited, particularly in local content development and the expansion of Nigerian manufacturing capacity. Falade made the commitment during a tour of Coleman’s manufacturing facilities in Sagamu and Arepo, Ogun…
Dangote Refinery IPO: Diaspora Investors Stuck at Verification as 13 October Deadline Nears
Nigerians living abroad are keen to buy into Dangote Refinery’s N2.15 trillion public offer, Africa’s largest ever, but many are stalling at identity and address verification, according to Chidozie David Okonkwo, founder and chief executive of Zinnc, a platform that connects diaspora investors to Nigeria’s regulated capital market. The offer is due to close on…
NNPC Retail Offers N66 Per Litre Petrol Discount, N30,000 Giveaway
NNPC Retail is offering a N66 discount on every litre of petrol bought at participating NNPC Retail stations until October 7. The company is also giving N30,000 each to 50 winners through their NNPC Fuel App wallets. The promotions are tied to Nigeria’s 66th Independence Day and are designed to push customers onto the company’s…
G7 Plans 100 Million-Barrel bel Hits N1,800
G7 nations and their partners have agreed to release as much as 100 million barrels of emergency crude oil and diesel stocks to ease tight fuel supplies and bring down elevated diesel prices. French President Emmanuel Macron announced the agreement on Friday, October 2. The release will be coordinated through the International Energy Agency (IEA)…
Seplat Energy Calls for Accelerated Investment to Position Nigeria as Africa’s Global Gas Powerhouse
Seplat Energy Plc has called for increased investment across Nigeria’s gas value chain to unlock the country’s vast natural gas resources, strengthen energy security, drive industrialisation, and position Nigeria as Africa’s leading gas powerhouse. Speaking at the Gas Investment Forum (GIF) 2026 in Lagos, Seplat Energy’s Chief Executive Officer, Engr. Effiong Okon, represented by Mr….
NNPC says no fixed date yet for proposed IPO
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said it does not have a fixed date for its proposed Initial Public Offering (IPO), noting that the final decision to proceed rests with its shareholders. Bayo Ojulari, Group Chief Executive Officer of NNPC Ltd., disclosed this on Tuesday in Abuja at a news conference on…
NNPC posts N7.2tn profit for 2025, remits N22.3tn to government.
NNPC Ltd recorded a profit after tax of N7.2 trillion in 2025, a 33% rise from the N5.4 trillion posted in 2024. Group Chief Executive Officer Bayo Ojulari announced the results on Tuesday, September 29, in Abuja. Revenue for the year stood at N34.5 trillion, even as lower international crude oil prices and a drop…
The Energy Zones plan follows the government’s broader focus on stabilising the electricity value chain while improving supply and market discipline.
Tegbe recently said the Federal Government had no immediate plan to increase electricity tariffs as the administration prioritises these objectives. In December, the Federal Government issued the first bond under the Presidential Power Sector Debt Reduction Programme, marking a major step toward resolving payment arrears in Nigeria’s electricity industry. The government plans to issue up…
NNPCL Cuts Petrol Price in Lagos and Abuja After Dangote Refinery Move
The Nigerian National Petroleum Company Limited has reduced petrol pump prices at select filling stations in Lagos and Abuja, with cuts of up to N25 per litre. The adjustments followed Dangote Petroleum Refinery’s decision to lower its petrol gantry price by N25 to N1,325 per litre from N1,350, creating room for marketers and retailers to…
NMDPRA proposes ban on fuel price fixing, opens depots and pipelines to third parties
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has proposed new rules to ban fuel price fixing, hidden charges and other anti-competitive practices in the petroleum industry. The draft regulations would also force owners of pipelines, depots, jetties and storage terminals to grant qualified third parties fair access. The framework was presented at a…
