Importation of petroleum products and crude oil into Nigeria will persist in the short term despite the resumption of new regulators The post Nigeria’s fuel, crude importation concern defies price war appeared first on The Guardian Nigeria News – Nigeria Read More
Tinubu approves $1.42b, N5.57tr debt write-off for NNPCL
President Bola Tinubu has approved the cancellation of a substantial portion of the Nigerian National Petroleum Company Limited (NNPC Ltd)’s outstanding debts owed to the Federation Account. The decision was detailed in a document by the Nigerian Upstream Petroleum Regulatory Read More
N4tr power sector debt fiscally unsustainable – CPPE
The Centre for the Promotion of Private Enterprises (CPPE) has said that the N4 trillion power sector debt is fiscally unsustainable without deeper structural corrections, improved transparency, and gradual but credible reform implementation. The Centre, in a policy brief on Read More
FG suspends 15% import duty on petrol, diesel to prevent price hike
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