Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Saidu Mohammed, has stated that the country is moving towards ending fuel importation as ongoing reforms, such as deregulation, have brought stability. Mohammed revealed that the cumulative impact of deregulation of the downstream sector and other economic reforms, including foreign exchange harmonisation …
The Dangote Petroleum Refinery has again clarified its operations following allegations that it was importing finished fuel into Nigeria. It dismissed reports claiming that it imports finished petroleum products (petrol, diesel, or aviation fuel), describing them as false and rooted in a misunderstanding of the standard refinery's operations. According to a statement released by the …
Group Chief Executive Officer, Nigeria National Petroleum Company (NNPC) Limited, Bayo Ojulari, has stated that the Company is currently in talks with competent technical partners to revive the state-owned refineries. Ojulari said the focus of the NNPC management is on building sustainable and profitable refineries. He stated this during a fireside chat themed “Securing Nigeria’s …
Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, has reiterated the central role of natural gas in powering Africa's industrial and economic rebirth. Ojulari stated that given Nigeria’s abundance of gas resources (209 trillion cubic feet of proven gas reserves), it has a responsibility to lead the continent out …
Oil and gas operators, led by the Independent Petroleum Producers Group (IPPG) and the Oil Producers Trade Section (OPTS), have called on the Nigerian government to address the burden of multiple fees and charges they face in the industry, warning that the overlapping costs are making Nigeria’s petroleum sector uncompetitive. Chairman of IPPG and Managing …
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has distanced itself from a report which claimed that it accused TotalEnergies Nigeria Limited (I.of maltreating Nigerian workers, harassment by expatriates, violations of the Nigerian Local Content Act, and racism, among other claims. PENGASSAN clarified that it had neither issued any statement on the …
Nigeria’s Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has called for support of the African Energy Bank (AEB), saying it would not only boost energy self-sufficiency but also guarantee economic sovereignty, industrialization, and inclusive growth on the continent. Lokpobiri stressed that for Africa to build its energy future, it must stem from conscious …
Nigeria has officially handed over the headquarters for the Africa Energy Bank (AEB) in Abuja, after completing the construction of the building, paving the way for the institution to begin operations. The handover took place on the sidelines of the 9th Nigeria International Energy Summit (NIES) in Abuja on Monday, February 2, 2026. A statement …
There are concerns that Nigeria may lose about 6.75 million barrels of crude oil in February as Shell Nigeria Exploration and Production Company (SNEPCo) embarks on turnaround maintenance on the Bonga Floating Production Storage and Offloading (FPSO) vessel. In a statement released on Sunday, February 1, Shell said it has commenced turnaround maintenance on the vessel …
While the world moves toward green energy in line with the energy Transition agenda, oil and gas resources remain vital to Africa’s development, says Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan. Mrs Eyesan highlighted the strategic role of hydrocarbons in Africa’s future, while pursuing just energy agenda. The NUPRC …
