The Federal Government has suspended the implementation of the 15 per cent ad-valorem import duty earlier approved on imported Premium Motor Spirit (PMS) and diesel, following widespread concern that the policy could trigger fresh increases in fuel prices and worsen Read More
Dangote refinery expands capacity from 650k to 1.4m barrels a day
The Dangote Petroleum Refinery has announced plans to expand its processing capacity from 650,000 barrels per day (bpd) to 1.4 million bpd, positioning it as the largest refinery in the world upon completion. President of the Dangote Group, Alhaji Aliko Read More
Nigeria targets $60bn investment to boost gas output, infrastructure
The Nigerian National Petroleum Company (NNPC) Limited has announced plans to raise $60 billion in new investments over the next five to seven years to expand gas production and develop infrastructure aimed at strengthening the country’s role in the global Read More
Dangote refinery says no fuel shortage expected as truckers strike
A spokesman for Nigeria’s Dangote refinery said Tuesday that the country would not see a petrol shortage despite an ongoing strike by a union representing fuel tanker drivers. The strike, which began Monday and has since drawn support from other Read More
Nigeria boosts gas-to-power supply as production hits 7.59BSCFD
Nigeria increased gas supply to the power sector in July 2025 as daily gas production rose to 7.59 billion standard cubic feet per day (BSCFD), according to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The commission said Read More
Oil theft nearly wiped out — GCEO NNPC
Nigerian National Petroleum Company (NNPC) Limited says a coordinated campaign by defence and intelligence agencies has nearly wiped out pipeline theft, restoring confidence in the country’s crude evacuation network. Group Chief Executive Officer of NNPC, Bayo Ojulari, told a regional Read More
NNPCL deducts N235.6b in seven months for oil search in North, frontier basins
The Nigerian National Petroleum Company Limited (NNPCL) has deducted a total of N235.6 billion between January and July 2025 from the Frontier Exploration Fund (FEF), in line with the provisions of the Petroleum Industry Act (PIA), according to the company’s Read More
FG approves N13bn for power infrastructure upgrade in Lagos, Ogun
The federal government has taken a significant step towards improving the country’s power infrastructure by approving billions of naira for various projects. The post FG approves N13bn for power infrastructure upgrade in Lagos, Ogun appeared first on The Guardian Nigeria Read More
NNPC backpedals, rules out sale of Port Harcourt Refinery
The Nigerian National Petroleum Company Limited (NNPC Ltd) has ruled out the sale of the Port Harcourt Refining Company barely few days after admitting the possibility of selling the assets. The Group Chief Executive Officer of NNPC Ltd, Bashir Bayo Read More
Dangote upgrades refinery, targets 700,000bpd capacity
The Dangote Petroleum Refinery in Lagos is undergoing modifications to increase its nameplate capacity from 650,000 The post Dangote upgrades refinery, targets 700,000bpd capacity appeared first on The Guardian Nigeria News – Nigeria and World News. Powered by WPeMatico