Nigeria allocated 67.6 million barrels of crude oil to local refineries between January and August 2025, representing 45 per cent below industry demand and casting fresh...
Crude oil prices held within a narrow range on Monday as geopolitical concerns surrounding Russia and the Middle East were offset by renewed fears of oversupply...
Oil prices edged lower on Thursday after the U.S. Federal Reserve cut interest rates as traders weighed the expected boost from looser monetary policy against concerns...
The Dangote Petroleum Refinery has alleged that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) demanded an annual subsidy of N1.5 trillion to enable...
Russia’s state-owned oil pipeline monopoly, Transneft, has reportedly warned oil producers that they may be required to cut output following a series of drone attacks by...
The Dangote Group has accused some petroleum marketers of engaging in round-tripping practices, diverting petrol produced in Nigeria through neighbouring Togo before re-importing it at inflated...
The Dangote Petroleum Refinery on Monday commenced the first phase of its direct fuel distribution scheme with the rollout of more than 1,000 Compressed Natural Gas...
Oil prices climbed on Monday as investors weighed the impact of Ukrainian drone attacks on key Russian oil infrastructure that could disrupt global crude and fuel...
An entrepreneur, Mr. Ebenezer Akarah, has called on the Federal Government to prioritise the charcoal industry as part of its forest economy agenda, stressing that the...
The National Association of Rubber Producers, Processors and Marketers Association of Nigeria (NARPPMAN) has announced an ambitious plan for Nigeria to contribute at least 12 percent...
