Oil & Gas

Oil Prices Dip as OPEC+ Eyes Output Hike, US-Iran Nuclear Talks Resume

Oil Prices Dip as OPEC+ Eyes Output Hike, US-Iran Nuclear Talks Resume

Oil prices declined on Thursday as investors weighed the impact of a possible OPEC+ production increase, renewed nuclear diplomacy between… Read More

4 weeks ago

MRS Oil Nigeria PLC Appoints New Directors

On July 3, 2025, MRS Oil Nigeria PLC announced significant changes to its board, appointing Mr. Aliyu Abubakar Kalgo as… Read More

4 weeks ago

Oil Prices Steady as Market Eyes US Crude Stockpiles and OPEC+ Output Decision

Oil prices edged higher for a second consecutive day on Tuesday, with Brent crude trading above $67 per barrel and… Read More

4 weeks ago

Segun Ajayi-Kadiri Urges Govt to Sell Warri, Port Harcourt, Kaduna Refineries to Private Sector

In a bold call to action, Segun Ajayi-Kadiri, Director General of the Manufacturers Association of Nigeria (MAN), has urged the… Read More

1 month ago

Nigerians Purchased Diesel For an Average of N1758.26 Per Litre in May 2025 – NBS

According to data from the Nigerian Bureau of Statistics (NBS), the average retail price of Diesel paid by consumers increased… Read More

1 month ago

Oil Prices Stabilize as OPEC+ Production Quota Decision Nears, Saudi Arabia Regains Market Share

Oil prices stabilized near their lowest levels since early June 2025, with Brent crude trading below $67 per barrel and… Read More

1 month ago

NNPCL’s Profit After Tax Surges to ₦1.054 trillion in May 2025, Revenue Hits ₦6 trillion

The Nigerian National Petroleum Company Limited (NNPC Ltd) posted a strong financial performance in May 2025, with profit after tax… Read More

1 month ago

Nigerians Paid an Average of N1027.76 For Petrol in May 2025,  Down 17.07% from April – NBS

Nigeria's average retail price for Premium Motor Spirit (PMS) decreased to ₦1,027.76 in May 2025—a 17.07% decrease from ₦1,239.33 in… Read More

1 month ago

Dangote’s Petrol Distribution Plan to Save Nigerians N1.7 Trillion Annually

Dangote Refinery's free nationwide distribution of refined petroleum products promises to save Nigerians N1.7 trillion annually. This was disclosed in… Read More

1 month ago

Aliko Dangote to List $20 Billion Oil Refinery by 2026

Speaking at the African Export-Import Bank’s annual general meeting in Nigeria’s capital on Friday, africa’s richest man, Aliko Dangote, announced… Read More

1 month ago