Generated Aug 26, 06:00 WAT
The host community of Bauchi State's Kolmani oilfield has urged the Federal Government to replace statements and verification visits with concrete action to remobilise exploration activities. The association also cautioned against using the project for election-season promises, keeping attention on the field's development prospects.
IMPI cautions that Atiku’s proposed return of fuel subsidies could deter foreign investors and weaken regulatory confidence in Nigeria’s oil sector. The policy debate may be relevant to market participants assessing macroeconomic conditions, investment flows and the outlook for listed oil and gas companies.
NUPRC reports that 19 oil block licences in Nigeria’s upstream sector are scheduled to expire in 2026. The development may affect licence renewals, asset ownership and future production planning across the oil and gas industry, although the available details do not identify specific listed companies involved.
Dangote Refinery has increased its petrol price to N1,200 per litre despite a decline in crude oil prices. The development is relevant to Nigerian equities because domestic fuel pricing can affect oil and gas companies, operating costs, transport expenses, inflation, and consumer-sector demand.
Nigerian fixed-income market trades reportedly reached N10.51 trillion last week, representing a 30 per cent increase from the preceding week. The report, citing CBN data, links the rise to increased activity as investors sought higher yields in open-market instruments.