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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
REPS ORDER EFCC TO EXPLAIN CRUDE OIL SEIZURES By: Safiya Abdulrahim Dabban The House of Representatives Ad-hoc Committee on the Naira-for-Crude-Oil Policy has directed the EFCC to submit clear, complete records of all crude oil seizures and sales made under its watch.
NNPC SPEAKS ON REFINERIES, POSTS ₦5.4TRN PROFIT FOR 2024 By: Safiya Abdulrahim Dabban The NNPC has assured Nigerians that it is undertaking a rigorous engineering and financial plan to keep the nation’s refineries stable and profitable. GCEO Bayo Ojulari said in Abuja
NAIRA FOR CRUDE PROBE: REPS ISSUE 7-DAY ULTIMATUM By: Safiya Abdulrahim Dabban The House of Representatives Ad-Hoc Committee on the Naira-for-Crude Oil Policy has given all invited agencies seven days until 27 November 2025, to submit requested documents or face sanctions. Committee
RMAFC CHAIRMAN REAFFIRMS SUPPORT FOR OIL AND GAS HOST COMMUNITIES By: Safiya Abdulrahim Dabban The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bello Shehu, OFR, has restated the Commission’s commitment to ensuring fair and transparent benefits for