NNPC, Not Dangote, Responsible for Fuel Crisis – Kelvin Emmanuel Energy analyst and co-founder of Dairy Hills, Kelvin Emmanuel, has stated that the Nigerian National Petroleum Company Limited (NNPC)—not the Dangote Refinery—should be held accountable for Nigeria’s ongoing fuel distribution challenges. Speaking on ARISE News, Emmanuel asserted that Aliko Dangote is merely operating within the…
Nigerian Navy Commissions New Warships and Helicopters in Fleet Recapitalisation Drive In a bold move to reinforce maritime security in Nigeria’s territorial waters and the Gulf of Guinea, the Nigerian Navy has commissioned three new warships—NNS SHERE, NNS FARO, and NNS IKOGOSI—alongside three AW109 Trekker helicopters. This milestone marks a significant leap in the Navy’s…
PENGASSAN Faults Tinubu’s Executive Order on Oil Sector, Accuses Fuel Dealers of Exploiting Nigerians The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has faulted President Bola Tinubu’s newly signed Executive Order aimed at promoting offshore oil and gas production, arguing that it could weaken enforcement of the Nigerian Content Act and fails…
India, Netherlands, France Lead Nigeria’s Crude Oil Export Markets in Q1 2025 Nigeria’s crude oil export landscape witnessed notable changes in the first quarter of 2025, with India emerging as the country’s largest buyer of petroleum products, according to trade data released by the National Bureau of Statistics (NBS). Between January and March 2025, India…
OPEC Oil Output Rises in May but Falls Short of Target Amid Compensation Cuts OPEC’s crude oil production increased by 180,000 barrels per day (bpd) in May 2025, reaching 27 million bpd. However, this rise fell significantly short of the planned 411,000 bpd hike for the month, as several member countries continued to implement compensation…
Dangote Begins Nationwide Fuel Distribution with Free Delivery and Credit Offers Starting August 15 Dangote Petroleum Refinery has announced a major nationwide rollout of Premium Motor Spirit (PMS) and diesel distribution beginning August 15, 2025, marking a significant development in Nigeria’s fuel supply landscape. In a bold move to improve access, affordability, and efficiency in…
Petrobras Set to Return to Nigeria for Oil, Gas, and Ethanol Ventures Amid High-Level Talks Brazil’s state-owned oil company, Petrobras, is making plans to return to Nigeria’s oil and gas sector after more than a decade of absence. The company, which previously operated in Nigeria’s deep offshore fields, is now looking to explore new opportunities…
BPSR Hails NIMASA’s Commitment to Innovation and Public Service Transformation The Bureau of Public Service Reforms (BPSR) praised the Nigerian Maritime Administration and Safety Agency (NIMASA) for its progressive institutional reforms. The commendation was shared in a statement issued by NIMASA’s Head of Public Relations, Osagie Edward. During a two-day sensitisation workshop held in Lagos,…
Oil Price Slump Delays Nigeria’s $5 Billion Loan Deal with Aramco Nigeria’s efforts to secure a $5 billion oil-backed loan from Saudi Arabia’s Aramco have hit a delay due to falling crude oil prices, according to four sources familiar with the matter. This loan, which would be the country’s largest of its kind and Saudi…
Africa Needs Over $100 Billion Annually for Climate Adaptation – SEC Chief The Director-General of Nigeria’s Securities and Exchange Commission (SEC), Emomotimi Agama, says Africa faces an urgent climate adaptation funding gap of over $100 billion per year and is calling on capital markets to help bridge this shortfall. Speaking at the recent African Development…
