The Nigerian National Petroleum Company Limited (NNPCL) has reported a 91.3 percent surge in its monthly profit, rising to N539 billion in August 2025 from N185 billion in July. According to its Monthly Report Summary for August 2025, the company’s revenue also climbed to N4.655 trillion, compared to N4.406 trillion recorded in July. The report…
A war of words has erupted between the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, and the management of Dangote Refinery over allegations of mass sack of Nigerian workers and their replacement with foreigners. PENGASSAN, in a statement by its General Secretary, Lumumba Okugbawa, accused the refinery of terminating the employment of…
The re-entry into Ogoniland marks a historic turning point for Nigeria — not just in terms of oil production, but more broadly, this milestone reflects the spirit of President Bola Ahmed Tinubu’s Renewed Hope Agenda, which commits to building a stronger country, attracting responsible investment, and ensuring that community development is at the heart of…
A fresh crisis brews in Nigeria’s oil sector as the President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Festus Osifo, has confirmed that Dangote Refinery sacked all its Nigerian workers after they joined the union. He made this known in an exclusive interview with on Friday. This comes after the…
Nigeria’s oil regulator has approved a $510 million deal by TotalEnergies (TTEF.PA), to sell its entire 12.5% interest in oil mining lease (OML) 118, which hosts the offshore Bonga oilfield, to the field’s operator Shell (SHEL.L), and Agip (ENI.MI).The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said TotalEnergies will transfer 10% of its interest to Shell…
-DAPPMAN to Dangote Refinery. The Depot and Petroleum Products Marketers Association of Nigeria has called on the Dangote Refinery to make its fuel supply more accessible to marketers and sell products at affordable rates. The spokesperson for the association, Ikem Ohia, said that closer collaboration with the refinery would ensure steady supply and end fuel…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refuted a report which alleged oil theft worth N8.41 trillion. It said the report was based on a misinterpretation of crude loss statistics between 2021 and July 2025 which had been released by the NUPRC in the spirit of transparency and in line with the Petroleum Industry…
The Petroleum and Natural Gas Senior Staff Association of Nigeria, as well as the Nigeria Union of Petroleum and Natural Gas Workers, have rejected announced plans by the Federal Government to divest significant stakes in Joint Venture assets, managed by the Nigerian National Petroleum Company Limited. The two unions warned that the move to allegedly…
The Nigerian National Petroleum Company Limited has requested that petroleum marketers who applied to purchase fuel through its online portal top up their payments in line with current prices, or risk forfeiting their allocations. Spokesman, Andy Odeh, explained that marketers who cannot meet the new ex-depot rates may instead apply for refunds. He noted that…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has explained that unscheduled maintenance at a refinery facility made Nigeria’s crude oil production drop on a month-on-month basis in August. This comes as Nigeria’s crude oil production dropped to 1.63 million barrels per day month-on-month in August, down from 1.71 million bopd in July. NUPRC disclosed this…
