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OIL SURGES ABOVE $100 AS IRAN WAR ESCALATES By: Safiya Abdulrahim Dabban Global oil prices rose above $100 a barrel as the war involving Iran entered its third week, raising fears of supply disruption in the key Strait of Hormuz. Crude prices
TINUBU ORDERS DIRECT REMITTANCE OF OIL, GAS REVENUES TO FEDERATION ACCOUNT By: Safiya Abdulrahim Dabban Bola Ahmed Tinubu has signed a sweeping Executive Order mandating the direct remittance of oil and gas revenues to the Federation Account, aiming to plug leakages, boost
DANGOTE REFINERY CAN SUPPLY FUEL ABOVE NIGERIA’S DEMAND By: Safiya Abdulrahim Dabban Dangote Petroleum Refinery has confirmed it can supply 75 million litres of petrol, 25 million litres of diesel, and 20 million litres of aviation fuel daily, well above Nigeria’s estimated
NNPCL RAISES PETROL PRICE IN LAGOS, ABUJA By: Safiya Abdulrahim Dabban NNPC Limited has increased the pump price of petrol to ₦835 per litre in Lagos and ₦839 per litre in Abuja following adjustments across its retail outlets. The new prices reflect
DANGOTE REFINERY SLASHES PETROL PRICE TO ₦699 PER LITRE By: Safiya Abdulrahim Dabban Dangote Petroleum Refinery has cut its petrol price from ₦828 to ₦699 per litre, a drop of ₦129, or about 16%. The new rate takes effect from December 11,
FG LAUNCHES GAS TRADING LICENSE PLATFORM By: Safiya Abdulrahim Dabban The Federal Government has unveiled the Gas Trading License, Clearing House & Settlement Authorisation platform to boost transparency and efficiency in Nigeria’s gas market. Minister of State for Petroleum Resources (Gas), Ekperikpe
NUPRC SAYS IT HAS RELEASED ALL FRONTIER EXPLORATION FUNDS TO NNPCL By: Safiya Abdulrahim Dabban The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has debunked claims that it is withholding the Frontier Exploration Fund from NNPCL. NUPRC spokesperson, Eniola Akinkuotu, said the Commission
REPS GIVE NNPCL DECEMBER 15 DEADLINE OVER 2021 AUDIT QUERIES By: Safiya Abdulrahim Dabban The House of Representatives Public Accounts Committee has summoned NNPCL’s GCEO, Bayo Ojulari, to submit all outstanding documents and appear before the committee on December 15, 2025. The
FG BEGINS ₦185BN GAS DEBT REPAYMENT By: Safiya Abdulrahim Dabban The Federal Government has approved the repayment of ₦185bn in long-standing gas debts, a move the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, says will rebuild trust with gas producers
REPS LAUNCH PROBE INTO OIL SECTOR DECOMMISSIONING COMPLIANCE By: Safiya Abdulrahim Dabban The House of Representatives has inaugurated an ad hoc committee to investigate how petroleum companies are complying with decommissioning and abandonment rules under the Petroleum Industry Act (PIA). Speaker Abbas