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 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…
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…
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…
Dangote Group will break ground on a $17 billion oil refinery in Lamu, Kenya, before the end of September 2026, with completion expected within three years of construction starting. Aliko Dangote, president of Dangote Industries Limited and Africa’s richest man, announced the plan on Monday, September 14, 2026, at the opening of the Dangote Petroleum…
Nigeria’s crude oil and condensate production rose to 1,677,777 barrels per day in August 2026, a 0.4 per cent increase from the 1.67 million barrels per day recorded in July. The Nigerian Upstream Petroleum Regulatory Commission confirmed the figure in a statement issued on Sunday by its Head, Media and Corporate Communications, Eniola Akinkuotu. The…
