May 24
Nigeria: Lake Chad Oil Well to Yield 943m Barrels As Buhari Flags Off Exploration
Daily Trust
The Wadi-B Well in the Lake Chad Basin area of Borno State is expected to produce 943 million barrels of oil. Read more »
May 23
Kenya: Total, Africa Oil Quit Kenya Oil Project
Capital FM
Total and Africa Oil have quit Project Oil Kenya in Turkana County. Read more »
Nigeria: NNPCL to Boost Oil Reserves As Fresh Drilling Begins in Borno
Premium Times
Borno State Governor Babagana Zulum noted that oil prospecting and exploration in Borno will create job opportunities for young people Read more »
Nigeria: Dangote's $18.5bn Refinery Sparks Fresh Controversy in Ogun
Daily Trust
Inauguration of the multi-billion dollar Dangote Refinery ]has sparked fresh controversy in Ogun State, Daily Trust reports. Read more »
Ghana: No Funds for DACF for 2yrs... Finance Ministry Fails to Transfer 5 Percent Oil Revenue
Ghanaian Times
For two consecutive years, the Ministry of Finance has failed to transfer five per cent of the Annual Budget Funding Amount (ABFA) of the country's oil revenue to the District… Read more »
Nigeria: NNPC Resumes Oil Exploration in Borno After 6 Years
Daily Trust
The Nigerian National Petroleum Company Limited (NNPC) has resumed oil exploration in the Lake Chad Basin in Borno state. Read more »
Nigeria: Nigerian Petroleum Agency to Begin Licensing Enforcement By June
Premium Times
An official said that some organisations are operating outside the regulatory oversight which is not in accordance with the Petroleum Industry Act (2021). Read more »
Nigeria: Africa's Refining Industry On Path to Recovery in 2023 - Report
This Day
The reopening of some refineries in Africa and the gradual commissioning of new facilities will mark the recovery of the continent's downstream industry in 2023, according to… Read more »
Nigeria: $21bn Revenue, 100,000 Jobs Coming From Our Refinery - Aliko Dangote
Vanguard
Amid encomiums from eminent personalities, including President Muhammadu Buhari and presidents of five other African countries, founder and President of Dangote Group, Alhaji Aliko… Read more »
Nigeria: As Nigeria Inaugurates Significant Oil Refinery, African Parliamentarians Discuss Climate Change Concerns
Premium Times
According to the WHO African Region, climate change is expected to cause approximately 250,000 additional deaths per year between 2030 and 2050. Read more »
Nigeria: 16 Yrs After Bluestar Setback, Dangote Lives His Dream
Leadership
Sixteen years after the BlueStar setback, Aliko Dangote's dream of owning a refinery has now come to fruition. Read more »
Nigeria: With Dangote Refinery, Nigeria Would Have Excess Refined Petroleum for Export - Buhari
This Day
History was made yesterday as President Muhammadu Buhari inaugurated the first indigenous refinery in Nigeria, the $18.5 billion Dangote Petroleum Refinery, in Ibeju-Lekki, Lagos.… Read more »
Nigeria: Petrol Prices Jump By 47 Percent, Diesel 28.6 Percent in One Year
This Day
The price of petrol, arguably Nigeria's most consumed fuel, increased by a whopping 47.18 per cent on a year-on-year basis between April 2022 and April 2023, new data from the… Read more »
May 22
West Africa: U.S.$19 Billion Dangote Refinery Will Make West Africa Stronger - President Akufo-Addo
GhanaToday
Ghana's President, Nana Addo Dankwa Akufo-Addo, has called for support for the Dangote Refinery and Petrochemical Complex to succeed as it would surely make West Africa and Africa… Read more »
Africa: Dangote Launches Africa's Biggest Oil Refinery - 4 Ways It Will Affect Nigeria [analysis]
The Conversation Africa
Nigeria's new Dangote petroleum refinery is Africa's biggest - it will produce 650,000 barrels a day, giving it the potential to address the country's energy supply crisis. Read more »
Nigeria: Dangote Already Repaying Loans Taken to Build Refinery - Emefiele
Premium Times
"I am pleased to inform everyone today that, following extensive repayments, outstanding debt has dropped appreciably from over US$9 billion to US$2.7 billion," Mr Emefiele said. Read more »
Nigeria: How Policy Reversal Prevented Me From Acquiring Refinery in 2006 - Dangote
Daily Trust
Africa's richest man, Aliko Dangote, has narrated how he couldn't acquired Brownfield Refineries under the Federal Government's Privatization Programme in 2006. Read more »
Nigeria: OPL 245 Scam - U.S., Netherlands Urged to Reopen Investigations
Premium Times
Both the US and the Netherlands had previously opened investigations into the OPL 245 deal but closed them due to a court case in Italy. Read more »
Nigeria: Dangote Refinery Game Changer for Nigerian Economy - Buhari
Premium Times
"I am confident that my successor, His Excellency Asiwaju Bola Ahmed Tinubu, will sustain the improvement in our economic and business environment...," the president said. Read more »
Nigeria: Our Refinery Will Supply First Product to Market By July - Dangote
Premium Times
"This is a clear opportunity for Nigeria given the African Union's commitment to the creation of an African Common Market through the recently established African Continental Free… Read more »
Nigeria: What Buhari Told Me When I Wanted to Quit - Dangote
Daily Trust
President of Dangote Group, Aliko Dangote, on Monday said President Muhammadu Buhari stopped him from quitting the establishment of Dangote Refinery and Petrochemicals, the world's… Read more »
Nigeria: Buhari Inaugurates Dangote Refinery, Calls It Game Changer for Nigeria's Economy
Vanguard
President Muhammadu Buhari Monday inaugurated Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, which is expected to enable Nigeria to achieve self-sufficiency in refined products… Read more »
May 21
Nigeria: World Bank Advises Govt, States to Stop Payment of Petrol Subsidy
This Day
The Country Director of the World Bank, Shubham Chaudhuri, has asked the federal and state governments to consider the financial implications that a continuous fuel subsidy regime… Read more »
May 20
Nigeria: NUPRC Set to Unlock Nigeria's Potential in Upstream Petroleum Sector - Official
Premium Times
Despite the global clamour for decarbonization and energy transition, oil and gas remain relevant in the global energy mix, an official said. Read more »
May 19
Nigeria: Nigeria Needs $12 Billion to Clean Up Oil Spills
DW
A new report says oil giants Shell and Eni should foot a $12-billion bill to clean up a spills in Bayelsa state -- but they have denied wrongdoing. Instead, Shell and Eni say… Read more »