The Federal High Court in Abuja has declined an ex-parte application seeking to restrain the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, and other government agencies from allocating some oil fields. Justice Emeka Nwite, sitting as a vacation judge, ruled that the respondents must first be put on notice before the court could …
Dangote Refinery has urged petrol station owners and dealers nationwide to register for its direct supply scheme and benefit from the current gantry price of ₦699 per litre. It said the offer is available to all petrol station owners and dealers nationwide. The $20 billion refinery had on December 12, announced a ₦129 reduction of …
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, …
As registration for the 2025 licensing round continues, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has listed 50 oil blocks covering onshore, shallow water, and deep offshore areas. The Commission, which launched the 2025 licensing round on December 1, announced a slash of signature bonus to between $3 million and $7 million as approved by …
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has unveiled steps for participation in the 2025 Petroleum licensing round. The Commission formally launched the 2025 licensing round on Monday, December 1, 2025, with the official unveiling of its licensing portal. It says activities lined up for the licensing round will come in phases. In a video …
The Nigerian National Petroleum Company (NNPC) Limited has reported a revenue of N5.078 trillion and a profit after tax of N447 billion in October 2025. This was revealed in NNPC Limited’s Monthly Report Summary for October 2025, released on Saturday. The total revenue for October reveals an 18.92 per cent increase from 4.27 trillion recorded …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has identified 50 oil blocks that will be offered to interested investors during the 2025 petroleum licensing round. The Commission had earlier announced that the 2025 petroleum licensing round would take effect from December 1, 2025. It also clarified that the exercise, which is being conducted …
Ahmed Alhasan, a deputy director at the Rural Electrification Agency (REA) and acting head of the Rural Electrification Fund, has died after collapsing during an official engagement on Wednesday. His death occurred at REA’s stakeholders’ roundtable in Akwa Ibom State. READ ALSO:NISO Blames GenCo Tripping For Loss Of Power To National Grid Kunle Olubiyo, President …
By Esther Ososanya The National Oil and Gas Suppliers Association of Nigeria (NOGASA) has issued a cautionary appeal to the Dangote Refinery, urging the industrial giant to reconsider its entry into direct fuel distribution, which the association says poses a significant risk to the survival of thousands of small and medium-scale oil marketers across Nigeria. …
