Energy
NNPC quits as middleman in purchase of Dangote refinery petrol
Busayo Samuel The Nigerian National Petroleum Company Limited is ending its exclusive purchase agreement with Dangote Refinery, opening up the…
Angola’s 15 new oil concessions by year-end unpacks $60bn upstream market by 2030
With 47 blocks since 2019, country clearly leads Africa’s hydrocarbon share Big lesson to Nigeria on contracts renegotiation, Ben…
FG halts VAT on diesel, cooking gas to woo investors
Busayo Samuel The Federal Government has introduced new fiscal incentives to boost foreign investments in Nigeria’s oil and gas sector.…
Local refineries produced 1.46 billion litres of petrol – Report
Busayo Samuel From 2015 to 2019, Nigeria could only produce 1.46 billion litres of petrol due to low refining capacity…
Oil companies’ unpaid debts blow hole in Nigeria’s finances as NEITI reports $6bn, N66bn in arrears
Business a.m. The Nigerian Extractive Industries Transparency Initiative (NEITI) has confirmed an unsettling trend in the oil sector, reporting that…
Low oil prices to persist through 2025 on oversupply risk, analysis shows
Business a.m. Analysts from Wells Fargo have projected that oil prices will stay relatively low through 2025, citing an elevated…
