Business

NNPC inspects Ogun oil well ahead of commercial drilling

NNPC inspects Ogun oil well ahead of commercial drilling

A technical team from the Nigerian National Petroleum Company Limited (NNPC) has visited the Eba oil well in Ogun Waterside…
Domestic refining cuts Nigeria’s petrol imports sharply

Domestic refining cuts Nigeria’s petrol imports sharply

Nigeria recorded its lowest petrol import levels in February 2026 as domestic refining, led primarily by the Dangote Petroleum Refinery,…
Tinubu nominates Yuguda for CBN deputy governor

Tinubu nominates Yuguda for CBN deputy governor

President Bola Tinubu has nominated economist Lamido Yuguda as a Deputy Governor of the Central Bank of Nigeria, pending confirmation…
FG: Fuel prices reflect market forces

FG: Fuel prices reflect market forces

The Federal Government has said the recent increase in petrol prices reflects global market realities, urging Nigerians to appreciate the…
Aviation ministry introduces hybrid payment at Nigerian airports

Aviation ministry introduces hybrid payment at Nigerian airports

  The Ministry of Aviation and Aerospace Development has announced a hybrid payment system at Nigerian airports, combining cash and…
Tinubu approves $20B incentive for Bonga Deepwater project

Tinubu approves $20B incentive for Bonga Deepwater project

The Nigerian National Petroleum Company Limited (NNPC Ltd) announced Tuesday that President Bola Tinubu has approved a targeted fiscal incentive…
Dangote Refinery slashes petrol price by N100

Dangote Refinery slashes petrol price by N100

Nigeria’s fuel market recorded a slight relief on Tuesday as the Dangote Petroleum Refinery announced a reduction in the price…
IEA considers emergency oil reserve release

IEA considers emergency oil reserve release

The International Energy Agency has begun emergency consultations with member countries to evaluate the possibility of releasing strategic oil reserves…
Dangote Refinery cites global oil prices for fuel hike

Dangote Refinery cites global oil prices for fuel hike

The management of Dangote Petroleum Refinery has attributed the recent increase in fuel prices to rising global crude oil costs…
$42.3bn oil revenue dispute stalls federation account reconciliation

$42.3bn oil revenue dispute stalls federation account reconciliation

Nigeria’s long-running effort to reconcile oil revenues due to the Federation Account has encountered a major setback after the Nigerian…
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