Dangote Group has signed a $400 million agreement with China’s XCMG Construction Machinery Co., Ltd. to acquire advanced construction equipment, as it ramps up expansion of its petroleum refinery and wider industrial operations. The deal will support the expansion of the Dangote Petroleum Refinery and Petrochemicals from its current 650,000 barrels per day to 1.4…
Nigeria failed to meet its assigned crude oil production quota for the sixth month in a row, according to the latest report from the Organisation of the Petroleum Exporting Countries (OPEC). The OPEC monthly report, released on Wednesday, showed that Nigeria’s crude oil output fell to 1.478 million barrels per day (bpd) in January 2026,…
The Group Chief Executive Officer of NNPC Limited, Bayo Ojulari, has commended the Sub-Saharan African International Petroleum Exhibition and Conference (SAIPEC) for its vision, resilience, and consistency, describing the platform as one of Africa’s most respected energy partners. Speaking in a goodwill message at SAIPEC 2026, Ojulari noted that within a decade, the conference has…
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has called for stronger collaboration among African nations, governments, and industry stakeholders to advance local content development across the continent’s energy sector. Speaking at the 10th anniversary edition of the Sub-Saharan African International Petroleum Exhibition and Conference (SAIPEC 2026),…
By Adeyemi David Edo State Government and the Nigerian National Petroleum Company (NNPC) Limited have announced plans to establish a 10,000 barrels-per-day condensate refinery in the state, a project expected to enhance industrial activity and strengthen energy supply in the South-South region. The refinery, to be sited across Oredo and Orhionmwon Local Government Areas, is…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the strategic implementation of downstream deregulation and foreign exchange reforms resulted in over N6 trillion in savings from fuel import losses during the first nine months of 2025. This disclosure was made by the Chief Executive of the NMDPRA, Mr. Saidu Mohammed, during…
The Federal Government has reiterated its commitment to positioning natural gas as a key driver of Nigeria’s economic growth, energy security, and social development following the unveiling of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Gas Master Plan (GMP) 2026. Minister of State for Petroleum Resources (Gas), Dr. Ekperikpe Ekpo, made the declaration over…
