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The launch of Dangote Petroleum Refinery’s direct distribution of premium motor spirit (PMS) and diesel signals a dramatic transformation for the Nigerian downstream petroleum industry, a…

Nigeria recorded a third production decline in the first five months of 2025, dropping by 32,759 barrels per day (bpd). This indicates inefficiencies in tackling issues…

Oil rose again on Monday after Israel and Iran continued attacks on each other, entering the fourth day, with the market bracing for an escalation that…

…Credit facilities to marketers …Ends frequent tanker accidents, perennial strikes Nigeria’s downstream petroleum sector is poised for a dramatic shake-up as Dangote Petroleum Refinery announces the…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a N748 billion profit after tax and a total revenue of N5.891 trillion for the month…

Oil prices edged lower on Thursday, as after US President Donald Trump complained about recent crude gains. Brent crude futures were down 34 cents, or 0.5%,…

Oil prices shot up dramatically on Friday after Israel launched strikes against Iran, creating the biggest one-day price increase in nearly three years. The attacks have…

Global oil markets have been thrown into a state of intense volatility, sending analysts scrambling to revise their price outlooks, following a dramatic escalation in tensions…

Nigeria’s flagship crude oil grades, including Bonny Light and Escravos Light, are reportedly trading close to the crucial $80 per barrel mark, driven by heightened geopolitical…

The imminent announcement by Africa’s richest man of a likely disruption of the current structure of Nigeria’s downstream oil sector has set off alarm bells in…