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Oil Prices Soar over Middle East Tensions

Oil rose 2% on Friday and was set for a small weekly gain, as tension in the Middle East raised the risk of supply...

Panics in Europe over Dangote Refinery, As W/Africa-Bound Fuel Refiners Plan Shutdown

Nigeria's giant Dangote oil refinery could bring to an end a decades-long gasoline trade from Europe to Africa worth $17 billion a year, heaping...

President Tinubu Signs Executive Order on Oil & Gas Reforms

President Bola Ahmed Tinubu has signed an Executive Order on oil and gas reforms to position Nigeria as the preferred investment destination for the...

Europe, Africa Oil Markets Tighten, Support Futures Prices

Red Sea shipping delays and OPEC+ supply cuts are tightening physical oil markets in Europe and Africa as well as the Brent crude market...

Fuel Crisis Looms as Tanker Owners Set To Stop Lifting Petrol

Nigerians may be in for another petrol scarcity as the Nigerian Association of Road Transport Owners (NARTO) has hinted at plans to stop lifting...

Fuel Import: FG Lauds private Sector over CNG Initiative

Nigeria’s Minister of Information and National Orientation, Mohammed Idris, has praised the private sector for its role in advancing the country’s compressed natural gas...

Fuel : Tinubu Announces Rewards, Says Subsidy Removal Stops Nigeria from Going Under

President Bola Ahmed Tinubu has promised Nigerians worthy rewards for their sacrifices and pains, following the removal of fuel subsidy. In his maiden democracy Day...

Inject Fuel Subsidy Savings into Automobile Credit Scheme, Expert Tells Tinubu

To cushion the effect of Fuel subsidy removal on Nigerians, President Bola Ahmed Tinubu has been advised to make locally assembled/manufactured commercial vehicles affordable...

Analysis: Nigeria, Angola Responsible For Almost Half of OPEC+ Oil Supply Gap

Almost half the shortfall in planned oil supply by OPEC and its allies is down to Nigeria and Angola, data seen...

PENGASSAN Vows to Address Casualization in Oil, Gas Industry

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) said it would ensure that issues of casualisation in the...

PIA Takes Effect in Upstream Oil Sector Regulation

The Nigerian National Petroleum Company Limited (NNPC Ltd.) started its last week activities with a move by stakeholders to begin the...

NNPC intensifies Efforts to End Fuel Importation

The Nigerian National Petroleum Company Limited (NNPC Ltd.) started its activities for the week with a tour of the Port Harcourt...

Most Read

FG Sets Targets for Made-in-Nigeria Vehicle Production

While the National Auto Industry Development Plan(NAIDP) still awaits presidential ascent, the Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, has expressed Nigeria's...

Nigeria Customs Warns Against Fake Vehicle Auctions Video

The Nigeria Customs Service (NCS) has warned the general public to be wary of illegal platforms announcing a purported auction of vehicles. The Service issued...

All-new Electric Mercedes G-Class Set for World Premiere

TILDA FRANCES Not later than next Tuesday, the anticipated all-new Electric-powered, Mercedes-Benz G-Class will be unveiled to the world. We do not know when Weststar, Nigeria’s...

GAC Motor Partners Salvador Caetano in Automotive Evolution

GAC Motor, in collaboration with Salvador Caetano Group, is set to make a significant impact on the South African automotive market with the introduction...