Crude Supply Clash Between NNPC and Dangote Refinery Impacts OPEC Oil Output A growing standoff between Nigeria’s state oil giant, NNPC Limited, and Dangote Refinery is making waves well beyond Nigeria’s borders—now impacting the overall crude oil production figures of OPEC for March 2025. According to a Reuters survey, OPEC’s output dipped by 110,000 barrels…
FG Reaffirms Commitment to Crude and Refined Product Sales in Naira Policy The Federal Government of Nigeria has once again reaffirmed its commitment to the Crude and Refined Product Sales in Naira initiative, a strategic policy designed to strengthen local refining capacity, improve energy security, and reduce dependence on foreign exchange for petroleum transactions. This…
NNPC Ltd Unveils New 8-Man Senior Management Team The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the appointment of a new 8-man Senior Management Team, following the recent confirmation of Mr. Bashir Bayo Ojulari as the Group Chief Executive Officer (GCEO) and the inauguration of the company’s Board of Directors. The newly constituted…
Bayo Ojulari Takes Over as New Group CEO of NNPC Ltd, Vows to Build on Kyari’s Legacy The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially ushered in a new era of leadership as Mr. Bayo Ojulari assumed duties as the new Group Chief Executive Officer (GCEO), taking over from his predecessor, Mr. Mele…
Tinubu Reshuffles NNPC Board, Appoints New Leadership In a significant shake-up of Nigeria’s oil sector, President Bola Ahmed Tinubu has reconstituted the board of the Nigerian National Petroleum Company (NNPC) Limited, appointing new leadership and replacing key officials. This restructuring sees Engr. Bashir Bayo Ojulari stepping in as the new Group Chief Executive Officer (GCEO),…
Women in Maritime and Energy Push for Greater Inclusion and Action As industry leaders, stakeholders, and advocates gathered at the Women In Maritime and Energy (WIME) Awards 2025, the message was clear: progress for women in the maritime and energy sectors requires not just promises but bold action. The event, which was held at the…
Global Momentum for Renewable Energy Grows as Countries Set Ambitious Climate Goals A new report by 350.org, in collaboration with Zero Carbon Analytics, reveals a significant shift towards renewable energy as countries submit updated Nationally Determined Contributions (NDC 3.0) ahead of 2035. The report, which analyzed climate strategies from 19 countries as of March 10,…
Dangote Refinery, Others Face $1.4bn Monthly Crude Import Bill Amid Uncertainty The Dangote Petroleum Refinery and several modular refineries in Nigeria are projected to spend approximately $8.56 billion over six months to import an estimated 122.4 million barrels of crude oil to reach full operational capacity. This translates to about $1.43 billion per month in…
NLNG Pledges to Boost Operational Efficiency in Nigeria’s Domestic LPG Supply As part of its commitment to continuous improvement, Nigeria LNG Limited (NLNG) has reaffirmed its dedication to enhancing the operational efficiency of its domestic Liquefied Petroleum Gas (LPG) supply chain, working collaboratively with stakeholders to drive sustainable growth in Nigeria’s energy sector. During a…
CPI Energy Finance Forum: Fossil Fuels Remain Integral to the World’s Energy Landscape The recently concluded 13th Annual Energy Finance Forum, hosted by the Center for Petroleum Information (CPI) in Lagos, marked a significant milestone—celebrating 25 years of CPI’s leadership in delivering critical insights into the energy sector. This year’s hybrid edition, themed “Financing a…
