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Oil and Gas

Court Challenge Threatens to Disrupt Dangote’s Lamu Refinery Plans

adminSeptember 30, 2026
Dangote Group’s plan to establish a 700,000-barrel-per-day refinery in Kenya has encountered a legal challenge just as preparations intensify for the project’s groundbreaking ceremony in Lamu County. The proposed refinery, estimated to cost between $15 billion and $16 billion, is being promoted as a major industrial investment that could create jobs, expand technical expertise and...
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Energy Expert Accuses Dangote Refinery Of Dominating Nigeria’s Petrol Pricing

adminSeptember 28, 2026
An energy economist, Prof. Izielen Agbon, has raised fresh concerns over competition in Nigeria’s downstream petroleum market, alleging that the Dangote Refinery has gained enough market influence to shape the price of petrol sold across the country. According to Sahara Reporters, Agbon made the allegation during a webinar and public discussion organised by the Alliance...
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Nigeria Sets 2028 Deadline To Liberalise Domestic Gas Market

adminSeptember 25, 2026
Nigeria is targeting September 2028 for the end of regulated pricing in the domestic gas market as the Federal Government moves towards a commercial system based on direct transactions between willing buyers and sellers. The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Rabiu Umar, disclosed the timeline on Thursday at a...
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Atiku Challenges Lokpobiri’s Fuel Price Comparison, Says Wages Tell A Different Story

adminSeptember 23, 2026
Atiku Abubakar has challenged the comparison drawn by the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, between petrol prices in Nigeria and the United States, arguing that pump prices alone do not show how affordable fuel is to citizens. The former Vice President, through his media aide, Paul Ibe, said the assessment failed...
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Lokpobiri Defends Deregulation, Says Nigeria Still Has Cheaper Petrol Than US, Ghana

adminSeptember 23, 2026
The Federal Government has ruled out a return to petrol subsidy, with Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, insisting that deregulation remains central to attracting private investment into Nigeria’s oil and gas industry. Speaking on Channels Television on Tuesday, Lokpobiri said the government could not arbitrarily determine the pump price of petrol...
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Subsidy: Nigeria Escaped ₦21trn Annual Burden, Says Lokpobiri

adminSeptember 23, 2026
The Federal Government’s decision to end petrol subsidy has potentially saved Nigeria from an annual financial burden of about ₦21 trillion at the current exchange rate, Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said. Lokpobiri, who defended the policy amid renewed pressure over rising petrol prices, said retaining the subsidy would have...
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N16.2trn Bank Credit To Oil Sector Raises A’Ibom Accountability Concerns

adminSeptember 22, 2026
Concerns over the N16.2 trillion credit extended by Nigerian banks to the oil and gas sector in the first quarter of 2026 dominated discussions on Tuesday as stakeholders demanded greater accountability from financial institutions financing extractive activities in Akwa Ibom. The sector accounted for 24.1 per cent of total bank lending during the period, making...
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Agriculture

AUE Orders Immediate Rebranding Of Campus Signages As VC Unveils University Identity

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