US Cuts Nigerian Crude Imports By Nearly 50%
The United States has significantly reduced its crude oil imports from Nigeria, with a sharp drop of about 47% in January 2026. According to official trade data, imports fell from over 3 million barrels in December 2025 to about 1.66 million barrels in January 2026. This decline also affected Nigeria’s earnings, as the value of […]
NUPRC announces date for fresh oil bloc licensing auction in Nigeria
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the date for a fresh licensing auction of oil blocs in Nigeria. The auction aims to attract investors and boost exploration and production activities across the country’s petroleum sector. According to NUPRC, the new auction date has been set following adjustments to ensure transparency and fairness […]
Dangote Reduces Cooking Gas Price To ₦760/kg
In a move that promises relief to millions of Nigerian households, the Dangote Petroleum Refinery has once again reduced the price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas. The refinery announced a new ex-depot price of ₦760 per kilogram, down from ₦810 just last week. This marks the second major price reduction […]
Nigerian Government’s proposed 5% fuel tax angers citizens
The Federal Government’s proposal to introduce a five percent fuel tax has sparked outrage across the country. Finance Minister Wale Edun explained last week that the surcharge was not a new levy, but an old provision under the 2007 Federal Road Maintenance Agency (FERMA) Act, now being included in the 2025 Tax Administration Act for […]
Legal action has been taken against people spreading misinformation about NNPC – Mele Kyari
Mele Kyari, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, has taken legal and security steps against people spreading false information about the company’s fuel quality. Recently, a viral TikTok video showed a man comparing two small generators, known as ‘I better pass my neighbour’ in Nigeria. He claimed […]
Nigeria’s Adeyemi-Bero appointed Chair of OPEC Board of Governors
The Organisation of Petroleum Exporting Countries (OPEC) has named Nigeria’s Ademola Adeyemi-Bero as the Chairman of its Board of Governors for the year 2025. This announcement was made following the 189th OPEC Conference, and confirmed in a statement by Nneamaka Okafor, a media aide to Nigeria’s Minister of State for Petroleum, Senator Heineken Lokpobiri. Prior […]
Tinubu Advocates for Conversion of Filling Stations to CNG Outlets, According to Minister
In a significant move for Nigeria’s energy sector, President Bola Tinubu has called for the conversion of filling stations to compressed natural gas (CNG) outlets. This initiative, announced by Ekperipke Ekpo, the Minister of State for Petroleum Resources (Gas), underscores the government’s commitment to providing affordable and environmentally friendly fuel options for Nigerians. During a […]