5 h. ago Federal Gov’t Seeks Tangible Investment By International Oil Firms

  The federal government has called on major oil companies operating in the country to reciprocate its efforts in enhancing the investment climate by committing tangible investments to the sector. This appeal comes after significant reforms aimed at improving regulatory stability and fiscal competitiveness in the oil and gas industry. Minister of State for Petroleum […]

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4 d. ago DOWNSTREAM REALITIES Stakeholders, Oil Marketers Seek Urgent Review Of PIA

Key petroleum marketers have embraced expert opinions calling for a review of the Petroleum Industry Act (PIA) to give a strong bite to market reforms that will engender efficiency and long-term investment opportunities in the downstream oil sector. Marketers also advocate a review of the PIA to examine necessary adjustments to ensure the Act aligns […]

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5 d. ago We’re In Final Stages Of Initial Public Offering, Says NNPCL

The Nigerian National Petroleum Company Limited (NNPC Ltd) has revealed that it was at the final stages of getting listed in the capital market, in keeping with the provisions of the Petroleum Industry Act (PA) 2021. The company’s chief finance and investor relations officer (CFIO), Olugbenga Oluwaniyi, made this disclosure at a consultative meeting with […]

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6 d. ago Polypropylene Production To Revitalise Textile Industry, Save Nigeria $267m – MAN

The Manufacturers Association of Nigeria (MAN) has stated that the production of polypropylene by the Dangote Petroleum Refinery and Petrochemicals will revitalise Nigeria’s struggling textile industry and save the country $267 million in import costs. The director-general of MAN, Segun Kadir-Ajayi stated this in an interview on the Channels Business Incorporated Programme. Kadir-Ajayi highlighted the […]

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7 d. ago US imports over 2m barrels of jet fuel from Dangote Refinery

By Adewale Sanyaolu The United States of America has imported over two million barrels of jet fuel from the Dangote Petroleum Refinery and Petrochemicals. The imports confirm the industry dominance of the refinery, which is extending far beyond Africa and the Middle East. According to data from ship-tracking service Kpler, six vessels carrying about 1.7 […] The post US imports over 2m barrels of jet fuel from Dangote Refinery appeared first on The Sun Nigeria.

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8 d. ago PIA: Indigenous firm inaugurates trust, pledges healthcare in Delta community

From Joe Obukata Ogbodu, Warri As part of its commitment to the implementation of the the Petroleum Industry Act (PIA), an indigenous oil firm, Kalm Marine and Petroleum Services Limited, has inaugurated the Board of Trustees (BOT) for the Ijansa Ijelejele Ikeremor Community Development Trust. The inauguration held in  Warri, Delta State, marked a new […] The post PIA: Indigenous firm inaugurates trust, pledges healthcare in Delta community appeared first on The Sun Nigeria.

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1 week ago Why Lekki Port does not patronise indigenous barge operators — BOAN

Tribune Online Why Lekki Port does not patronise indigenous barge operators — BOAN The Barge Operators Association of Nigeria (BOAN) has revealed that Lekki Port is currently not patronizing indigenous barge operators due to the type of barges being used by most indigenous operators. This comes as barge operators call for funding from the Minister of Marine and Blue Economy, Adegboyega Oyetola, to help build capacity among indigenous […] Why Lekki Port does not patronise indigenous barge operators — BOAN Tribune Online

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1 week ago NCDMB to foster indigenous capacity in petroleum industry with 2025 NOGOF fair

…as local value created in petroleum industry hit 56% The Nigerian Content Development and Monitoring Board (NCDMB) has unveiled the read more NCDMB to foster indigenous capacity in petroleum industry with 2025 NOGOF fair

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1 week ago NCDMB Sells Nigeria’s Local Content Opportunities To Investors At NOGOF

The Nigerian Content Development and Monitoring Board (NCDMB) is set to showcase Nigeria’s local content opportunities to investors at the upcoming Nigerian Oil and Gas Opportunity Fair (NOGOF) 2025. NCDMB said it is targeting fresh local investments into the Nigerian oil and gas sector during the 2025 NOGOF scheduled for May 21-22, 2025, at the […]

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2 w. ago NNPC pledges effective use of PIA funds for host community development

Tribune Online NNPC pledges effective use of PIA funds for host community development NNPC Limited has reaffirmed its commitment to ensuring that funds allocated under the Petroleum Industry Act (PIA) are effectively utilised to deliver meaningful development in host communities. NNPC pledges effective use of PIA funds for host community development Tribune Online

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2 w. ago Akwa Ibom govt restates commitment to blue economy, maritime devt

Tribune Online Akwa Ibom govt restates commitment to blue economy, maritime devt The Commissioner stated that the industrial city envisioned by the Governor aims to build indigenous capacity and ensure local participation in its development, saying, “This is where the local content law comes into play, requiring that a certain percentage of the project's workforce, services, and materials be sourced locally.” Akwa Ibom govt restates commitment to blue economy, maritime devt Tribune Online

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2 w. ago Local refineries will reduce fuel price, importation – Lokpobiri

The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, says local refineries will help in reducing the prices of refined petroleum products as well as the country’s dependence on imported fuel. Lokpobiri highlighted the importance of the downstream value chain of the petroleum industry to Nigeria and the commitment of the Federal Government to optimising Read More

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2 w. ago Ongoing oil sector reforms attracted $17bn investment in 2024 – NNPCL

The Nigerian National Petroleum Company Limited has revealed that reforms in the oil and gas sector, driven by the enactment of the Petroleum Industry Act 2021 and Executive Orders issued by President Bola Tinubu, attracted about $17bn in foreign investment in 2024. The Executive Vice President of Upstream, Udy Ntia, disclosed this during an investor Read More

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