Nigeria recorded ₦12.81 trillion as revenue from crude oil exports in the third quarter (Q3) of 2025. This is according to the National Bureau of Statistics (NBS) Foreign Trade Statistics report for Q3 2025, released last week. The report revealed that crude oil exports accounted for 56.14 per cent of total exports. The NBS data …
Nigerian Ports Authority (NPA) has reported a dramatic 1,085 per cent year-on-year surge in export-laden containers during the third quarter (Q3) of 2025. The latest operational data released by the NPA on Monday, December 15, shows that export-laden containers rose from 5,812 Twenty-foot Equivalent Units (TEUs) in Q3 2024 to 69,039 TEUs in Q3 2025. This is …
President of the Dangote Group, Aliko Dangote, has said the pump price of premium motor spirit (PMS), also known as petrol, will come down to N740 per litre at filling stations across the country. Dangote, who spoke during a media briefing in Lagos on Sunday, said the new price will take effect on Tuesday, December …
As the festive season approaches, Nigerians travelling to various parts of the country are trapped, clearly facing a difficult choice between paying high airfares or risking dangerous road travel. Nigerian roads have become increasingly unsafe due to the spate of kidnapping and armed robbery. While highway armed robbers often launch random attacks, kidnappers target the …
As the festive season approaches, Dangote Refinery has announced another slash of its gantry price of Premium Motor Spirit (PMS), also known as petrol to ₦699. This reflects a ₦129 or 15.58 per cent reduction when compared to ₦828 per litre sold previously. In a statement, the refinery said the new price takes effect on …
Minister of Petroleum Resources (Gas), Ekperikpe Ekpo, has said the newly unveiled digital platform for Gas Trading Licence, and the Clearing House & Settlement Authorisation will enhance transparency of Nigeria’s gas market and offer a framework that aligns with global best practices. Ekperikpo stated this during the official unveiling of the GTL platform on Thursday, …
Nigeria’s crude oil production recorded a slight increase from 1.401 million barrels per day (bpd) in October to 1.436 million bpd in November 2025. This reflects a 35,000 bpd month-on-month increase. This is according to the Organisation of Petroleum Exporting Countries (OPEC) Monthly Oil Market Report (MOMR) released on Thursday, December 11. OPEC said the …
The use of Compressed Natural Gas (CNG) as an alternative fuel is believed to be cost-effective and aligns with the global transition to clean energy agenda, but issues around conversion cost and availability of CNG have hindered the adoption in Nigeria. Nigeria holds the largest natural gas reserves in Africa and ninth in the world, …
The Nigeria National Petroleum Company (NNPC) Limited says its flagship upstream subsidiary, NNPC E&P Limited (NEPL), hit 355,000 barrels per day (bpd) of oil production, its highest daily output since 1989. It said the increased production was achieved on December 1, 2025. In a statement released on Tuesday, the national oil firm said the average …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has dismissed recent reports alleging that it is deliberately withholding the Frontier Exploration Fund (FEF) from the Nigerian National Petroleum Company Limited (NNPCL). Addressing the allegations, Eniola Akinkuotu, the Head of Media and Strategic Communication, in a statement on Monday, December 8, confirmed that the Commission has approved …
