Group Chief Executive Officer of NNPC Limited, Bayo Ojulari, has described the Dangote Refinery as a world-class facility equipped with modern technology and capable of making significant impact on Nigeria’s economy and the global energy market. Ojulari made the remarks while addressing journalists after inspecting several sections of the refinery, including the master control room,…
Nigerian National Petroleum Company Limited (NNPC Ltd) has announced plans to increase gas supply by an additional 1.8 billion cubic feet per day (bcf/d) in 2026 to meet growing domestic demand The company disclosed this in Abuja while hosting members of the Nigeria Guild of Editors, stating that its subsidiaries—NNPC Upstream Investment Management Services (NUIMS)…
The Managing Director, TotalEnergies EP Nigeria Limited, Mathieu Bouyer, has reaffirmed the company’s commitment to expanding Nigeria’s energy supply while reducing the carbon intensity of its operations. Mr Bouyer made the remarks during a panel session titled “Capitalising on Africa’s Global Upstream Momentum” at the 9th Nigeria International Energy Summit (NIES 2026), held on Wednesday,…
The world’s richest black person, Aliko Dangote, has appointed her daughters to major positions in the multi-billion global business group. Halima Aliko Dangote was appointed Group Executive Director, Dangote Family Office & International Offices (Dubai & London). Halima will continue to lead the establishment and maturation of the Dangote Family Office in Dubai, ensuring the…
The Dangote Refinery did not meet its projected domestic supply target of 50 million litres of Premium Motor Spirit, PMS, per day in January 2026, according to figures released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA. Data in the regulator’s January 2026 industry report showed that the 650,000-barrel-per-day facility delivered an average…
reducing Nigeria’s dependence on imported PMS. In December 2025, the refinery projected it could supply up to 50 million litres of PMS daily between December 2025 and January 2026. Management has optimized its Crude Distillation Unit and Motor Spirit production block, stabilizing steady-state operations. A 72-hour performance test run is underway with technology licensor UOP…
Nigeria failed to meet its crude oil production quota of 1.5 million barrels per day approved by the Organisation of the Petroleum Exporting Countries in the first month of 2026, extending its streak of underperformance to six consecutive months. According to OPEC’s Monthly Oil Market Report, Nigeria produced about 1.46 million barrels of crude oil…
The Dangote Petroleum Refinery has reached its full nameplate capacity of 650,000 barrels per day following the restoration and optimisation of its Crude Distillation Unit and Motor Spirit production block, marking what the company describes as a global first for a single-train refinery of its scale. In a statement on Wednesday, the firm said the…
Nigeria’s state oil firm NNPC booked after-tax profits of 5.760 trillion naira ($4.26 billion) last year, it said, as Africa’s biggest oil producer recorded average crude and condensate output of 1.62 million barrels per day. Total revenue was 60.517 trillion naira, with statutory payments to government agencies and partners amounting to 14.706 trillion naira for…
The Nigerian National Petroleum Company Limited has announced that its joint venture partner, Seplat Energy Plc, will shut down its gas production facilities for four days for routine maintenance, a development expected to temporarily reduce gas supply to power generation companies and moderately impact electricity output nationwide. In a statement issued on Thursday by the…
