The oil market is a delicate balance, and right now, complacency is dangerous. While many traders focus on slowing demand…

Diesel remains a lifeline for Africa’s economies, powering transport, industry, and small businesses. In February 2026, Global Petrol Prices released…

The Nigerian National Petroleum Company Limited reported total revenue of N60.5 trillion for the 2025 financial year, alongside a profit…

January 2026 data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority indicate that modular refineries account for a small share…

Nigeria’s Premium Motor Spirit (PMS) sufficiency rose to 33 days in January 2026, up from 29.2 days in December 2025,…

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has dismissed media claims that it has recommended the transfer of disputed…

Cross River State may soon return to Nigeria’s list of oil-producing states following the submission of a federal verification report…

Petroleum market analysts say the recent slowdown in petrol imports into Nigeria reflects softer offshore prices at the Lomé trading…

Nigeria’s oil tax revenue rose to ₦6.8 trillion in 2025, reflecting stronger compliance, improved upstream profitability, and tighter enforcement across…

Nigerians consumed an average of 60.2 million litres of Premium Motor Spirit (PMS) per day in January 2026, underscoring the…