OIL AND GAS

The Permanent Secretary, Ministry of Petroleum Resources, Dr. Emeka Vitalis Obi, has reaffirmed Federal Government’s commitment to strengthening Nigeria’s fiscal and energy frameworks through sustained collaboration with international development partners. Dr. Obi stated this in Abuja during a joint engagement between the Ministry, its regulatory agencies, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the…

THE Nigeria Liquefied Natural Gas Limited, NLNG has announced a new addition to its line-up of prestigious national awards — The Nigeria Prize for Creative Arts, a $20,000 prize dedicated to celebrating excellence in documentary filmmaking. The initiative, unveiled at a press conference in Lagos on October 31st, 2025, marks a significant milestone in NLNG’s…

One hundred young graduates of diverse academic disciplines on Thursday began a Graduate Internship Programme jointly sponsored by the Nigerian Content Development and Monitoring Board (NCDMB), Renaissance Africa Energy Company (RAEC) Limited, and the Petroleum Technology Association of Nigeria (PETAN) as part of a collaborative initiative to provide youths with critical skills, exposure and practical…

President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imports into Nigeria. The initiative is aimed at protecting local refineries and stabilising the downstream market, but it is likely to raise pump prices. In a letter dated October 21, 2025, reported publicly on October 30,…

Following President Bola Tinubu’s approval of a 15 per cent import tariff on fuel, Petroleum marketers have warned that the pump price of Premium Motor Spirit, popularly called petrol, could exceed N1,000 per litre The new policy, which takes effect after a 30-day transition period expected to end on 21 November 2025, is part of…

The Federal High Court in Abuja, on Wednesday, adjourned a suit filed by Dangote Petroleum Refinery and Petrochemicals FZE against Nigeria National Petroleum Company, NNPC, Limited and others over oil import licence dispute until November 5 for hearing. The matter, which was earlier fixed for today for hearing, could not proceed due to the absence…

The Major Energy Marketers Association of Nigeria (MEMAN) says the removal of fuel subsidy has ushered in a new era of deregulation in the downstream sector, paving the way for innovative business models such as Energy-as-a-Service (EaaS), integrated multi-energy hubs, Virtual Power Plants (VPPs), and peer-to-peer (P2P) energy trading. The association has therefore urged industry…

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has urged government to address the nation’s aging pipelines, inefficient ports, and infrastructure gaps. DAPPMAN Chairperson, Mrs Moroti Adedoyin-Adeyinka, made the appeal on Wednesday during the OTL Africa Downstream Week 2025 in Lagos. She was represented by Mrs Ngozi Ekeoma, Group Managing Director of Nepal…