Crude Swap Plan Could Cut Refinery Costs by $329m
Nigeria’s domestic refineries could save between $246.6 million and $328.8 million in six months if a proposed crude oil swap ...
Tag: Oil & Gas
Nigeria Moves to Cut Refining Costs With Domestic Crude Swap Plan
Nigeria is considering a new crude oil and gas swap arrangement that could reduce the cost of supplying local refineries ...
Nigeria Emerges as Indonesia’s Biggest Crude Oil Supplier in First Half of 2026
Nigeria has strengthened its position in the global oil market after becoming Indonesia’s largest source of crude oil imports during ...
Fuel Supply Returns as Marketers Resume Loading Despite Fresh Price Hikes
Fuel marketers across Nigeria have resumed lifting petrol and diesel from private depots after a disruption that lasted for nearly ...
ExxonMobil Commits $1 Billion to Nigeria’s Offshore Oil Project, Boosting Investor Confidence
Nigeria’s energy sector has received a major boost after ExxonMobil and its partners confirmed a $1 billion investment in the Usan Infill ...
Dangote Refinery Overwhelmed with Demand as Iran War Disrupts Africa’s Fuel Supply
Aliko Dangote's Nigerian oil refinery is facing a surge in demand from African governments struggling to secure fuel supplies due ...
Ogoniland Ramsar Status Imposes New Standards for Oil Operations
The Movement for the Survival of the Ogoni People (MOSOP) has issued a formal directive stating that any future hydrocarbon ...
Nigeria Dominates 52% of Africa-US Oil Trade
Nigeria’s position in the American energy market became increasingly dominant in 2025, with the country accounting for 52.2 per cent ...
NNPC Revenue Cut Equals 2%, Not 30% – PENGASSAN
The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has criticised the Federal ...
Court Pause on Impeachment Brings Fleeting Economic Relief
A High Court order has temporarily halted the impeachment proceedings against Rivers State Governor Siminalayi Fubara, providing a brief judicial ...
