220 oil blocks abandoned amid debt, crude crises

Nigeria currently has 220 open oil blocks scattered across its onshore and offshore basins, data from the Nigerian Upstream Petroleum Regulatory Commission has revealed.

This is despite its growing debt burden and crude shortages affecting local refineries. The NUPRC data showed that the deep offshore terrain accounts for the highest number...

Dangote Refinery takes delivery of over 2,000 CNG trucks for fuel distribution

THE Dangote Petroleum Refinery has taken delivery of more than 2,000 Compressed Natural gas, CNG trucks and ready for nationwide distribution of petroleum products to end-users.

Checks by Vanguard indicated that more deliveries would be received in the coming days to enable the 650,000 barrels per day, bpd plant increase its...

$25 Billion Nigeria-Morocco Gas Pipeline Advances Toward Construction Phase

The $25 billion Nigeria-Morocco Atlantic Gas Pipeline project has reached critical milestones following high-level meetings in Rabat, positioning the 6,000-kilometer infrastructure initiative for imminent implementation, northafricapost. Reports.

It will be recalled that in December 2024, West African leaders approved the Intergovernmental Agreement during the 66th CEDEAO Summit, spelling out each country’s...

Action Aid Mounts Pressure On Government To Halt 5% Petrol Surcharge

The Action Aid Nigeria, is leading campaign against proposed petrol tax by Government.

The Country Director, Action Aid Nigeria Dr Andrew Mamedu, who is leading the campaign has urged Federal Government not to implement the proposed five per cent fuel surcharge describing it as an over kill in revenue drive.

He said...

Dangote Refinery Ends $66 Million Legal Action Against NMDPRA Over Petrol Import Licenses.

Dangote Refinery has dropped its legal action against the Nigerian midstream and downstream petroleum regulator and several fuel importers, including state-owned NNPC Ltd, over fuel import.

Management of the refinery had sought to nullify fuel import licences issued to NNPC Ltd, AYM Shafa Ltd, A.A. Rano Ltd, T. Time Petroleum Ltd,...

Nigeria Intensifies FLNG As Report Shows Market To Triple By 2030.

Floating liquefied natural gas (FLNG) terminals are expanding on the global LNG market, with capacity expected to triple by 2030.

Investment in the FLNG which was once hindered by technical and operational challenges, today projects in that space are now achieving utilization rates comparable to onshore terminals, according to research from...

Dangote asks Tinubu to ban fuel imports to promote ‘Nigeria First Policy’

The President of Dangote Group, Aliko Dangote, has urged President Bola Tinubu to extend the ‘Nigeria First’ policy to refined petroleum products.

Speaking at the Global Commodity Insights Conference on West African Refined Fuel Markets, organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in conjunction with S&P Global Insights,...

NNPCL Hikes Petrol to ?925/L in Lagos, Abuja Still ?945

The Nigerian National Petroleum Company Limited (NNPCL) has once again adjusted petrol  pump prices upward in Lagos, with stations now dispensing Premium Motor Spirit (PMS) at ?925 per litre, an increase of ?10 from ?915 reported just 24 hours earlier. However, NNPCL stations in Abuja have yet to reflect...

Neconde’s Ag. MD, Engr. Emenike Speaks On Consequences Of Nigeria’s Gas Debt, Dollarised Operations

Expert in Nigeria’s oil and gas industry has sounded alarm over the consequences of some policies of Government that has undermined the ongoing energy transition.

The policies according to Engr. Chichi Emenike, Acting Managing Director and Gas Asset Manager of Neconde Energy Limited, have led to huge financial burden...

Collaboration key to unlocking marginal oil field potential in Nigeria

Nigeria’s oil and gas sector stands at a strategic inflection point and the country’s marginal fields are vital for growth and sustaining upstream activity. These smaller, often undercapitalised fields, especially in shallow waters, are rich with potential. But the obstacle isn’t the geology—it’s fragmentation.

Marginal fields in Nigeria are primarily operated...

Top 10 African Countries with the lowest Fuel price in May 2025

With global oil price instability and economic uncertainty, inexpensive gasoline remains a critical component of economic stability, social welfare, and sustainable development across the continent.

It's no secret that low fuel prices help firms reduce operational expenses, especially in areas such as manufacturing, logistics, and agriculture.

This decrease not only enhances profit...