Nigeria's NNPC scored zero in ICPC's 2025 Ethics and Integrity Scorecard, ranking last among 357 agencies. This shock result raises major governance concerns despite the oil company's recent profit announcements.
NNPC Limited reports record N5.4 trillion profit while directors' fees jump to N4.1 billion. Zero staff resignations in 2024 as administrative costs surge. Read the full analysis.
Africa's downstream oil sector needs over $100bn investment by 2050. Discover how ARDA is tackling regulatory & infrastructure gaps to unlock this massive opportunity for global investors.
Dangote Petroleum Refinery closed 2025 with a dramatic N200.50 per litre price cut, reshaping Nigeria's fuel market. Learn how local refining is driving down costs and pressuring importers.
US President Donald Trump confirms the US will retain crude oil and tankers seized near Venezuela, intensifying pressure on President Nicolás Maduro. Read the latest on the escalating crisis.
Trex Petroleum and Energy Limited has awarded four offshore professionals for outstanding safety performance at its 2025 Focus on Safety Initiative in Lagos. Discover the champions of offshore safety.
The Nigerian government suspends a controversial 15% fuel import duty to avoid festive season price hikes. Experts warn of policy inconsistency and the need for long-term energy security. Read more.
Labour advocates urge IPMAN to provide health insurance for petrol station workers nationwide, citing daily exposure to toxic fumes and fire hazards. This follows NNPCL's new scheme for its retail workers.
Women in Maritime & Energy (WIME) commends President Tinubu for appointing Mrs. Oritsemeyiwa Eyesan as the first female Chief Executive of Nigeria's upstream oil regulator. Read more on this milestone for gender inclusion.
Dangote Refinery begins nationwide PMS sales at N739 per litre through MRS stations, warns against artificial scarcity, and urges Nigerians to report non-compliance for economic relief.
The Independent Petroleum Producers Group (IPPG) announces indigenous firms now account for over 50% of Nigeria's crude oil and gas production. Discover the impact on energy security and sector growth.
Despite the Petroleum Industry Act, Nigeria's oil sector remains mired in opacity. NEITI recovers billions, but Dangote Refinery clashes with NMDPRA, exposing deep-seated governance failures. Read the full analysis.
The House of Representatives Committee on Host Communities commits to enforcing the Petroleum Industry Act, ensuring oil-producing areas get their full benefits. Read about the new oversight and funding model.
Petroleumprice.ng honours Aliko Dangote, MRS Oil, Rainoil, and others in its first industry awards. Winners were chosen via a hybrid model of public votes and expert judges. Read the full list.
Dangote Petroleum Refinery has resumed free nationwide petrol delivery to stations at a new price of ₦699 per litre, aiming to stabilise Nigeria's fuel market. Learn about the incentives and registration process.
Africa remains trapped in fuel import dependence despite new refineries. This analysis reveals the structural barriers, from fragmented standards to poor infrastructure, that keep the continent vulnerable to global shocks. Discover the path to true energy
Lagos State government warns community silence fuels pipeline vandalism and explosions. Officials urge residents to report illegal activities for collective safety. Read more.
Conoil Plc reports a massive 60.5% revenue growth to N323.1bn for 2024, proposing a N2.4bn dividend. Discover how Nigeria's downstream giant thrived despite economic headwinds.
The Nigerian Senate has confirmed Saidu Mohammed and Oritsemeyiwa Eyesan as CEOs of NMDPRA and NUPRC. Read about their confirmation process and the expectations for Nigeria's oil sector.
Outgoing NMDPRA CEO Farouk Ahmed dismisses allegations of spending $5m on children's education abroad, invites anti-graft agencies to investigate. Senators Oshiomhole and Jimkuta celebrate his exit, while new nominees chart ambitious reform paths for Nige
Senators Adams Oshiomhole and David Jimkuta hailed the removal of Farouk Ahmed and Gbenga Komolafe, criticizing policies that hurt local refining. Read their demands for the new nominees.
President Bola Tinubu nominates Oritsemeyiwa Eyesan, an NNPC veteran with 33 years of experience, as the new Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Discover her career journey and strategic impact on Nigeria's oi
President Tinubu held a private meeting with NMDPRA CEO Farouk Ahmed following explosive allegations by Aliko Dangote of corruption and economic sabotage in Nigeria's oil sector.
President Tinubu seeks Senate confirmation for new oil sector chiefs after Farouk Ahmed and Gbenga Komolafe resign. The move follows Aliko Dangote's public allegations of multi-million dollar school fees payments. Read the full details.
A Federal High Court in Warri has dismissed a suit seeking to invalidate key Petroleum Industry Act provisions on host community liability. The court affirmed the Act's validity. Read the full details.
NMDPRA boss Engr Farouk Ahmed denies authorising a viral defence against corruption claims. He opts for institutional probe over public brickbat as ICPC reviews Dangote's petition.
Nigeria's oil rig count remained flat at 41 in November, unchanged from 2024, while OPEC nations boosted activity by 7%. Discover the structural challenges holding back Africa's top producer.
Aliko Dangote petitions ICPC, alleging NMDPRA MD Farouk Ahmed misused public funds for children's Swiss tuition. Lawyers group condemns 'media trial'. Full story.
A coalition of Civil Society Organisations has defended the NMDPRA against claims of undermining regulatory independence. They absolve CEO Farouk Ahmed of corruption, citing his adherence to the PIA. Read the full story.
Petrol prices at Lagos depots have plunged by 14% to N710 per litre following Dangote Refinery's aggressive price slash, sparking a rush by marketers. Discover the market realignment.