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Extractive360 Extractive360.com is a Nigerian web-based publication, a resource centre with factual & up-to-date reports of extractive industry news around the world

Stakeholders seek market driven competition in petroleum sector
19/08/2025

Stakeholders seek market driven competition in petroleum sector

Stakeholders in Nigeria’s oil and gas industry have stressed the need for market-driven competition in the downstream sub-sector of oil and gas to attract...

19/08/2025

Last week, media partners and industry stakeholders gathered at a one-day Roundtable organised in Abuja, by Extractive360, to X-ray developments in the Nigerian oil and gas downstream sector.

Arise TV captured the event in this insightful report.

18/08/2025

Recently, Extractive360 organized a media Roundtable on Nigeria's oil and gas downstream sector, kindly watch the insightful report by the Nigeria Television Authority (NTA) from the event held in Abuja.

18/08/2025
Legal Expert, Olasubomi Chuku, in her presentation titled; "Competitiveness in The Downstream Sector and What the law sa...
14/08/2025

Legal Expert, Olasubomi Chuku, in her presentation titled; "Competitiveness in The Downstream Sector and What the law says", described a competitive market as an open, free market with multiple participants who operate independently and contend for their share of the market with regulatory neutrality and consumer protection.

She however, noted that despite the enactment of the PIA, the market is still fairly closed, and listed frameworks such as the PIA 2021 and Federal Competition and Consumer Protection Act 2018 as tools the media can use to advocate for competitiveness in the petroleum downstream sector.

Executive Director of Extractive360, Juliet Ukanwosu, in her opening remarks said the workshop was designed to provide s...
14/08/2025

Executive Director of Extractive360, Juliet Ukanwosu, in her opening remarks said the workshop was designed to provide some clarity and new insights which media partners and stakeholders can use to further enlighten the general public.

She explained that the sector is in a state of adjustment — seeking stability and competitiveness amid shifting regulations, volatile market dynamics, and evolving public expectations.

Oil and Gas Governance Consultant, Ademola Henry Adigun, in his presentation titled ‘Overview of the Downstream Sector’,...
14/08/2025

Oil and Gas Governance Consultant, Ademola Henry Adigun, in his presentation titled ‘Overview of the Downstream Sector’, stressed the need for the petroleum downstream market to be driven by competition, and the competition must be fair, well-regulated and provide benefits to the consumers.

Adigun said frequent price adjustment impacts the market negatively, adding that Nigerians are the victims of poor regulation in the petroleum downstream sector, hence the call for a healthy market which promotes investment and benefits Nigerians.

Media partners and stakeholders in the oil and gas sector yesterday 13th August, 2025, participated at a workshop on Nig...
14/08/2025

Media partners and stakeholders in the oil and gas sector yesterday 13th August, 2025, participated at a workshop on Nigeria’s Petroleum Downstream Sector organized by Extractive360 at Exclusive Serene Hotel in Wuye, .

The event provided participants with clarity and new insights into how and why the sector is currently navigating a turbulent phase marked by a combination of opportunities and pressures.

Nigeria Extractive Industries Transparency Initiative - NEITI
Juliet Alohan Ukanwosu

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