- Tuesday, June 09, 2026
BusinessDay
Freight charges for refined petroleum products have more than doubled in the last one year, a situation that adds further...
The Organisation of Petroleum Exporting Countries (OPEC), has said that the Document of Cooperation between the cartel and non-OPEC members...
Nigeria, which was until a few months ago the biggest oil producer in Africa, would have racked up huge windfall...
Long fuel queues have persisted for a month across many Nigerian cities as people who believe cheap fuel is a...
The Nigerian National Petroleum Company (NNPC) Limited has acquired $1.4 billion from Northern Hydrocarbon Funding Limited to boost oil production...
Lekoil Nigeria Limited (LNL) says it has reached an agreement with Lekoil Limited (Lekoil Cayman), a Cayman Islands-based litigation asset...
As the current quest by Nigeria to wean itself off imported fuel drags on, new data show its petrol import...
Geregu Power Plc, a Nigerian electricity generation company, is in talks with the Fund for Export Development in Africa, an...
Eventually, the search for hydrocarbon in the North yielded results with the inauguration of oil drilling in the Kolmani Integrated...
Petrol scarcity has worsened in Lagos and some other parts of the country owing to bad roads hampering distribution, even...
Many Nigerians living in Lagos have had to resort to the black market for petrol on the back of the...
The revelation by Godwin Emefiele, governor of the Central Bank of Nigeria, that the official foreign exchange receipt from crude...
Petrol subsidy and other major expenses being incurred by the Federal Government are taking a bite out of the country’s...
The official foreign exchange receipt from crude oil and gas sales into Nigeria’s official reserves has dried up steadily from...
In Africa’s biggest economy, the market price of diesel has refused to drop despite the fall in global crude oil...
