The Nigeria Union of Petroleum and Natural Gas Workers has insisted it is embarking on strike action on Monday, September 8, 2025, accusing management of Dangote Refinery of attempting to bring back slavery into Nigeria’s workforce. The union made this known in a statement by its President and General Secretary, Williams Akporeha and Afolabi Olufemi….
A ₦4 trillion bond program aimed at clearing debts owed to power generation companies (GENCOs) was announced by President Bola Tinubu, who appealed to the power companies to grant the federal government more time to complete the verification and validation of the longstanding debts. Bayo Onanuga, Presidential Spokesman, in a statement, said the President made…
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Tuesday inspected the ongoing training of 305 youths in specialised oil and gas industry skills at the Centre for Marine and Offshore Technology Development (CMOTD), Rivers State University (RSU). This was contained in a statement by the GM…
The Nigerian National Petroleum Company Limited says it generated a total revenue of N4.571tn in June 2025, sustaining its upward earnings momentum as crude oil and gas production recorded notable increases, the latest data from the national oil company has revealed. This is part of the NNPC Limited Monthly Report Summary for June released on…
The Seplat Energy’s Chief Executive Officer, Mr. Roger Brown, says indigenous oil companies have demonstrated the capacity and financial strength to take over and manage asset of multinational oil companies. This was contained in a statement signed by Stanley Opara, Manager, Corporate Communications, External Affairs & Social Performance, Seplat Energy Plc. Brown represented by the…
President of the Dangote Group, Alhaji Aliko Dangote, has announced plans to reduce the price of Liquefied Petroleum Gas, also known as cooking gas. He also promised to start direct sales of the product to consumers should the existing distributors fail to allow the price crash in cooking gas. However, operators in the sector have…
Africa and Nigeria’s richest man, Aliko Dangote, is taking another major step in the expansion of his industrial empire with plans to construct a deep seaport near his existing fertilizer and oil refinery plants. The initiative is aimed at boosting export capacity and strengthening the Dangote Group’s logistics operations. Speaking in a recent interview in…
The Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, has said the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s commitment to competitiveness has contributed to petroleum product price reduction in the country. The Executive Secretary of DAPPMAN, Olufemi Adewole, disclosed this in a recent statement, lauding the Farouk Ahmed-led NMDPRA reforms in Nigeria’s downstream…
More than 2,000 people have benefitted from the healthcare outreach organised in Lagos as part of the Vision First initiative of the Nigerian National Petroleum Company Ltd (NNPC) and Shell Nigeria Exploration and Production Company Ltd (SNEPCo). Some of the participants testified how their long age eye problems have been cured while others who came…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has stated that the sale of the country’s non-performing refineries, including those in Warri, Port Harcourt, and Kaduna, remains a possibility as the company undertakes a full review of its downstream operations. Ojulari made this known in an interview on…
