oil and gas

The Federal Government has approved a production-linked tax credit of $11.50 per barrel for Shell Plc to advance the $20 billion Bonga Southwest Aparo deepwater oil project, a move expected to drive significant foreign direct investment and boost local content in Nigeria’s oil sector.

Dangote Refinery has reduced the price of PMS to ₦1,075 per litre, marking a N200 reduction within one month, while opening its loading gantry to all qualified marketers.

Retail LPG prices are falling across Nigeria as supply improves, while increased rig activity signals a broader recovery in the country's energy sector.