Nigeria’s Crude Oil Production Rises To 1.8m bpd — NNPCL
By Mardiyyah Abubakar Nigeria’s crude oil production has risen to 1.821 million barrels per day (bpd), including condensates, the Nigerian National Petroleum Company Limited (NNPCL) said on Thursday. NNPCL Group Chief Executive Officer, Bayo Ojulari, disclosed this at the 2026 Association of Energy Correspondents of Nigeria (NAEC) Conference in Lagos. Speaking on Ojulari’s behalf, NNPCL […]
PENGASSAN Warns Regulatory Overlaps Threaten Oil Sector
By Chinedu Echianu Confusion and overlaps in the regulatory framework governing Nigeria’s oil and gas industry are threatening investment, efficiency and stability in the sector, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned. PENGASSAN President, Festus Osifo, raised the concern at the fifth edition of the PENGASSAN Energy and Labour […]
Diesel Price Jumps 86% in One Year, Hits N3,277/Litre – NBS
By Oluwakemi Kindness The National Bureau of Statistics (NBS) says Nigerians faced mounting energy costs in May as the average retail price of diesel surged by 86.4 per cent year-on-year to N3,277.47 per litre, the highest increase recorded among the country’s major petroleum products. The NBS latest Price Watch report on Monday showed that diesel, […]
Dangote Refinery Denies Fuel Export, Re-Import Claims
By Mardiyyah Abubakar Dangote Petroleum Refinery and Petrochemicals has dismissed claims that its petroleum products are exported to Lomé and later re-imported into Nigeria. In a statement, the company described the allegation as misleading and unsupported by facts, trade data, or commercial realities. Although the refinery said it does not usually respond to baseless claims, […]
Federal Government Urged to Extend 15% Fuel Import Duty Timeline
By Oluwakemi Kindness| As Nigeria moves to implement a 15% import duty on petrol and diesel by November 21, energy analyst Olatide, Jeremiah, CEO of PetroleumPrice.ng, has called on the Federal Government to slow down and ease the burden on citizens. Jeremiah warned that rushing the policy could worsen inflation and push the pump price […]