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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
NIGERIA REAFFIRMS ECONOMIC REFORMS, PEACE, AND RELIGIOUS FREEDOM By: Safiya Abdulrahim Dabban Nigeria’s Ministry of Foreign Affairs has restated the government’s commitment to bold economic reforms, national stability, and religious freedom. Speaking on behalf of the Minister, the Permanent Secretary, Ambassador Dunoma
PETROLEUM MINISTRY, NUPRC, NNPC REJECT NEW DECOMMISSIONING COMMISSION By: Safiya Abdulrahim Dabban The Ministry of Petroleum Resources, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian National Petroleum Company Limited (NNPCL) have opposed a bill seeking to create the National Commission
DANGOTE REFINERY EXPANDS CAPACITY TO 1.4 MILLION BARRELS PER DAY By: Safiya Abdulrahim Dabban Dangote Petroleum Refinery has announced plans to expand its capacity from 650,000 to 1.4 million barrels per day, making it the largest refinery in the world, surpassing India’s
FG INAUGURATES COMMITTEE TO REPOSITION OIL AND GAS SECTOR By: Safiya Abdulrahim Dabban The Federal Government has inaugurated a committee to develop a new strategic plan for Nigeria’s oil and gas sector in line with the Petroleum Industry Act (PIA) 2021, National
FG CLARIFIES: NO SUBSIDY REMOVAL OR PRICE HIKE ON CNG By: Safiya Abdulrahim Dabban The Presidential Initiative on Compressed Natural Gas (PiCNG) has dismissed reports claiming the Federal Government removed subsidies or raised the price of CNG, calling them false. According to
NIGERIA’S OIL OUTPUT JUMPS NEARLY 10% IN JULY 2025 By: Safiya Abdulrahim Dabban Nigeria’s oil production is on the rise again, hitting an average of 1.71 million barrels per day (bpd) in July 2025, according to fresh data from the Nigerian Upstream