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08024545197Truckified Limited will launch its digital petroleum logistics platform, on 3 August, opening a technology-driven system for petroleum marketers, businesses, and transport operators across Nigeria.
BOAZ Commodities Limited is marking 11 years in Nigeria's downstream petroleum sector today, built on a track record of consistent pricing and reliable supply to end users, according to Managing Director Ihuoma Okafor.
The United States launched a 13th consecutive night of air strikes across Iran on Friday, prompting Tehran to retaliate with drone attacks targeting American military bases in Bahrain and Jordan, as the conflict expanded across multiple fronts in the Middle East
The Federal Government's ₦17.5 trillion debt to the Nigerian National Petroleum Company Limited (NNPCL) has exposed what may be Nigeria's largest fuel subsidy programme despite the official declaration that subsidy was abolished in 2023, Chairman of the Alliance for Economic Research and Ethics Ltd/GTE, Dele Oye, has said.
Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has completed a private equity placement of approximately US$2.5 billion, in what the company describes as Africa's largest publicly disclosed primary equity private placement by value.
Indigenous energy companies emerged as the biggest beneficiaries of Nigeria's 2025 oil and gas licensing round after securing virtually all 37 petroleum blocks awarded by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), reinforcing the growing role of local operators in the country's upstream industry while positioning the Federal Government to earn between $111 million and $259 million in signature bonuses
Coal, natural gas and oil remained the world's largest sources of electricity in 2025, accounting for 57 per cent of global power generation despite rapid expansion in renewable energy, according to a new analysis by the Pew Research Center based on data from Ember
Brent crude climbed close to $92 a barrel on Monday, 20 July, as the United States carried out a tenth consecutive night of strikes on Iranian command centres, missile sites and air defences. The renewed fighting has entered its second week, part of a broader conflict now in its fifth month since hostilities first resumed in late February.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that 13 of the 50 oil and gas blocks offered under the 2025 Licensing Round will be returned to the national licensing pool after they failed to receive bids from prospective investors
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will on Tuesday commence the commercial bid phase of the 2025 Oil and Gas Licensing Round, with 143 qualified companies competing for 50 oil and gas blocks across Nigeria's producing and frontier basins
The Nigerian National Petroleum Company Limited (NNPCL) has maintained that it supplied every available crude oil cargo allocated under the Federal Government's naira-for-crude initiative to the Dangote Petroleum Refinery, dismissing suggestions that it withheld feedstock from the $20bn facility.
The conflict between the United States and Iran has entered a more dangerous phase following a fresh exchange of missile attacks and airstrikes across the Gulf, heightening concerns over global oil supplies and keeping crude prices elevated.
A Federal High Court in Abuja has granted bail to the former Managing Director of the Warri Refining and Petrochemical Company (WRPC), Jimoh Olasunkanmi Yisawu, following his arraignment by the Economic and Financial Crimes Commission (EFCC) over an alleged ₦1.34 billion money laundering case
The Independent Petroleum Marketers Association of Nigeria has rejected the recent approval of additional import licences for petroleum products, warning that the move is worsening price volatility and pressuring the naira.
Boaz Commodities Limited has congratulated TMDK Group on 25 years since its incorporation, describing the conglomerate's journey as a testament to visionary leadership and unwavering commitment across the energy, agriculture and infrastructure sectors.
Petrol pump prices have begun rising across Nigeria after private depot owners benchmarked Premium Motor Spirit (PMS) loading prices at around ₦1,200 per litre, with filling stations in Lagos and several other states adjusting retail prices upward in response to the higher wholesale costs
Nigeria's downstream petroleum market witnessed one of its sharpest weekly price rallies in recent months as depot prices surged across Lagos, Warri, Port Harcourt and Calabar following Dangote Refinery's transition to dollar-denominated product sales and mounting uncertainty over the future of the Federal Government's naira-for-crude arrangement.
Nigeria's daily petrol imports surged by more than 207 per cent in June despite continued output from local refineries, as marketers significantly increased offshore purchases to complement domestic supply, the latest Midstream and Downstream Petroleum Statistics released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have shown.
The Manufacturers Association of Nigeria has called on the Federal Government to reform Nigeria's crude oil allocation framework to guarantee local refineries priority access to domestic crude, after Dangote Petroleum Refinery purchased two cargoes of crude oil from the United Arab Emirates.
Libya's National Oil Corporation (NOC) and Austrian energy firm OMV have declared the "Essar" oil discovery in the Sirte Basin commercially viable, a decision that advances Libya's campaign to rebuild its upstream sector with the help of returning international oil majors.