Oil and Gas

NESTOIL: Appointment of Abubakar Sulu-Gambari, SAN, MCIArb, as Receiver, Manager remains valid

PUBLIC NOTICE The Federal High Court, Lagos, in Suit No. FHC/L/CS/2127/2025, has set aside the Ex Parte Orders earlier granted on October 22, 2025....

Fuel Prices Drop In FCT Following Suspension of 15% Import Duty

Abuja, Nigeria — Fuel prices at Nigerian filling stations in the Federal Capital Territory (FCT) fell on Friday following the federal government’s suspension of...

Tinubu Delays Petrol, Diesel Duty

The Federal Government has postponed the implementation of the 15 per cent import duty on petrol and diesel until the first quarter of 2026,...

Army Arrests 14, Dismantles Illegal Refineries In Niger Delta

The Nigerian Army’s 6 Division says its troops have arrested 14 suspected oil thieves and seized more than 20,000 litres of stolen petroleum products...

House of Reps Warns PENGASSAN Over Dangote Refinery Strike

The House of Representatives has passed a resolution aimed at protecting key private investments in Nigeria from future industrial disruptions, following the recent strike...

Petroleum Minister Orders Crackdown on Cooking Gas Hoarding

The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has directed a nationwide clampdown on marketers hoarding or exploiting consumers amid the recent...

Fuel Scarcity Worsens In Sokoto As Marketers Allegedly Hoard Petrol

Widespread allegations of fuel hoarding by petroleum marketers have triggered severe petrol scarcity across Sokoto metropolis and neighbouring communities, causing untold hardship for motorists,...

Navy Seizes Over 11,000 Litres of Stolen Crude, Destroys Illegal Refineries In Niger Delta

Nigerian Navy’s Forward Operating Base (FOB), Escravos, has dismantled six illegal refining sites and seized over 11,000 litres of stolen crude oil in the...

Nigeria Eyes Marine, Blue Economy To Replace Oil Revenue

Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, says the country is repositioning its maritime sector to replace crude oil as the nation’s...

Oshiomhole Faults PENGASSAN Over Shutdown of Oil Sector In Dispute With Dangote Refinery

Former President of the Nigeria Labour Congress (NLC) and Senator representing Edo North, Adams Oshiomhole, has criticized the Petroleum and Natural Gas Senior Staff...

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