…. domestic petrol consumption rises from 52.3m l/d in Dec. 2024 to 63.7m l/d in Dec. 2025 Oredola Adeola Despite a planned domestic supply target of 50 million litres of Premium Motor Spirit (PMS) per day by December 2025,…
Isong says new fuel import tariff is regressive, will hurt low-income Nigerians, small businesses Oredola Adeola The Major Energy Marketers Association of Nigeria (MEMAN) has projected that the proposed 15 percent import tariff on petrol (PMS) and diesel (AGO) could…
… reaffirm commitment to CNG investments in support of energy transition Oredola Adeola A high-level delegation from Nigeria’s downstream petroleum sector, including CEOs of Matrix Energy, AYM Shafa Ltd, and A.A. Rano, met with Mr. Wale Edun, Minister of Finance…
Professor Iledare forecasts potential budget deficit, sees rising debt exposure amid oil-for-debt commitments Dr. Oni says increased borrowing is likely, raising the debt burden, and repayment risks Damcida foresees Naira devaluation risks if the oil price slump continues into Q3…
… claims sudden fuel price drop triggers billions in losses for marketers … calls for fuel imports to curb monopoly in market … seeks NMDPRA, FCCPC intervention to protect marketers Oredola Adeola The Petroleum Products Retail Outlet Owners Association of…
… reveals sale of 48 m barrels of crude in Naira between Oct. 2024, March 2025 Agreement records 24 m barrel shortfall – Advisors Reports Oredola Adeola The Nigerian National Petroleum Company (NNPC) Limited has announced that its six-month crude…
… NIMASA confirms incident, NOSDRA assesses damage Oredola Adeola An oil spill caused by a ruptured pipeline occurred on Saturday, December 14, 2024, at the Shell Petroleum Development Company (SPDC) loading terminal in Bonny, Rivers State. The Nigerian Maritime Administration…
NCDMB revises Community Contractor Fund, allocates ₦15bn … increases single obligor limit from ₦20m to ₦100 m Oredola Adeola The Nigerian Content Development and Monitoring Board (NCDMB) has reported an increase in local content in the oil and gas sector…
… aligns with NUPRC’s 1.54mbpd average for the period under review “NNPC working closely with relevant stakeholders to boost production to 2mbpd, above by the end of 2024” says Soneye Oredola Adeola The Nigerian National Petroleum Company Limited (NNPC…
1.8mbpd production breakdown shows 1.55mbpd of crude oil, 252,540 bpd of condensate- Advisors Reports intelligence Oredola Adeola The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its partners have increased crude oil and condensate production to 1.8 million barrels per…
