Nigeria, Africa’s largest oil producer, imported N1.19 trillion worth of crude oil in Q1 2025 due to insufficient domestic supply to local refineries, according to the...
Crude oil prices held their ground on Monday despite a slight dip, as markets remained buoyed by hopes of progress in ongoing U.S.-China trade negotiations. Traders...
In early 2025, we experienced a major shift,” said Olivier Lassagne, CEO of Mocoh, in an interview with Platts. “We lost much of our petrol business...
In a strategic move that signals intensifying competition in Nigeria’s petroleum sector, the Nigerian National Petroleum Company (NNPC) Limited has reduced the pump...
The Federal Government of Nigeria has kickstarted a bold reform initiative aimed at revamping the country’s electricity distribution sector, beginning with a pilot overhaul of two...
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has firmly rejected claims of a cabal operating within the country’s midstream and downstream...
Nigeria’s crude oil production declined by 4.37% in March 2025, according to the Organization of the Petroleum Exporting Countries (OPEC), deepening concerns over the country’s...
Nigeria is hurtling toward a potential fiscal crisis as Brent crude oil prices plunged to $59.25 per barrel, far below the $75 benchmark underpinning the...
The Nigerian National Petroleum Company Limited (NNPCL) has again reduced the retail price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦935 to ₦910...