Browsing Category
Energy
FG Captures N4tn Power Sector Bond in MTEF to Boost Investor Confidence
The Federal Government has announced that the newly launched N4tn power sector liquidity bond, designed to settle…
Dangote Refinery Boosts Petrol Supply by 38% Amid Rising Imports
Nigeria’s domestic petrol supply saw a significant boost in November 2025, with the Dangote Refinery contributing…
Nigeria’s Petrol Consumption Drops to 52.9 Million Litres in November Amid Rising…
Nigeria’s petrol consumption declined to 52.9 million litres per day in November, signaling a slight slowdown in…
Nigeria Sees Petrol Import Surge as NNPC Leads 1.56bn-Litre Supply Rebound in…
Nigeria’s petrol supply landscape shifted sharply in November as the Nigerian National Petroleum Company Limited…
Heirs Energies, NNPC Partner to Monetise 180mmscf/d of Flared Gas by 2026
Heirs Energies and the Nigerian National Petroleum Company Limited (NNPC) have signed landmark agreements with five…
Esso E&P Reaffirms Commitment to Nigeria’s Energy Security Amid Policy Shifts
Esso Exploration and Production Nigeria Deepwater Limited (Esso E&P), an affiliate of ExxonMobil Corporation,…
NUPRC Launches 2025 Petroleum Licensing Round with Signature Bonuses from $3M to…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled the rules for its highly anticipated…
Bonny Light Oil Prices Settle at $65 Amid Global Oversupply Concerns
Nigeria’s flagship crude, Bonny Light, stabilized at $65 per barrel following a sharp decline in global oil prices,…
NNPC Sets 36-Year Production Record as Nigeria’s Upstream Revival Gains Momentum
The Nigerian National Petroleum Company (NNPC) has achieved a historic milestone, recording its highest crude oil…
FG Launches N590bn Bond to Begin Repayment of N4tn Power Sector Debt
The Federal Government has officially begun tackling the long-standing N4tn debt owed to power generation companies…
NNPC Receives $185 Million and N14.9 Billion from Frontier Exploration Fund –…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that the Nigerian National Petroleum…
Dangote Refinery and Stronger Naira Drive Petrol Prices Down in Nigeria
Petrol prices in Nigeria have started trending downward, offering some relief to consumers facing rising energy…
FG Cuts Oil Block Entry Fee to $3m as 2025 Licensing Round Opens
The Federal Government has significantly reduced the financial entry barrier for oil investors as the 2025…
How Chevron Nigeria’s Strategic Infrastructure Safeguards Strengthened Oil…
Chevron Nigeria is ramping up its deepwater oil production in a strategic effort to expand growth opportunities…
Diesel Prices Surge 9.45% in October to N1,398/Litre Amid Supply and Market…
Nigeria’s average retail diesel price rose sharply in October 2025, climbing 9.45 percent month-on-month to…
Nigeria’s Domestic Gas Revenue Soars to N3.1trn as Local Demand Rises
Nigeria’s domestic gas market has posted a major boost this year, with sales rising by 19 per cent to hit N3.1…
Nigeria Opens 2025 Oil Licensing Round, Targets $10bn Investment Boost
Nigeria has officially kicked off its 2025 oil licensing round, offering 50 oil blocks to investors as the country…
FG Approves N185 Billion to Clear Gas Debts, Boost Power Supply Nationwide
The Federal Government (FG) has taken a major step to stabilize Nigeria’s energy sector by approving the payment of…
Seplat Energy Empowers 49 Niger Delta Youths with Technical Skills to Boost Oil…
Seplat Energy Producing Nigeria Unlimited (SEPNU) has strengthened its commitment to community development by…
Nigeria Named Headquarters of African Petroleum Regulators Forum, Komolafe Elected…
The African Petroleum Regulators Forum (AFRIPERF) has officially chosen Nigeria as its headquarters, signaling the…
Nigeria Targets $10 Billion Investment from 50 Oil Blocks to Boost 400,000 BPD…
Nigeria is set to lease 50 oil blocks to investors in a bid to raise $10 billion and increase oil production by an…
FG Launches $100 Million Equity Investment Scheme to Boost Nigerian Oil Companies
The Federal Government has announced a $100 million equity investment scheme to strengthen the capacity of Nigerian…
Nigerian Crude Oil Surges Above $65 Amid Geopolitical Tensions and OPEC+ Decisions
Nigerian crude oil prices climbed above the $65 per barrel mark on Monday, driven by growing geopolitical tensions…
Nigeria Launches $100 Million Equity Fund to Boost Local Oil and Gas Producers
Nigeria is taking bold steps to strengthen its local oil and gas industry with the launch of a $100 million equity…
NUPRC Launches 2025 Oil Licensing Round with Fully Digital Bidding Portal
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially opened the 2025 Oil Licensing Round,…
TotalEnergies Sells 40% Stake in Nigerian Offshore Assets to Chevron to Boost…
TotalEnergies has agreed to sell a 40% stake in its Nigerian offshore assets to Chevron, signaling a strategic…
Dangote Urges End to Fuel Imports, Says Nigeria Can Meet Local Demand
Aliko Dangote, President and CEO of Dangote Industries Limited, has called for an immediate end to Nigeria’s fuel…
Experts Urge Nigeria to Sell Aging Refineries Amid N2.92 Trillion Investment in…
As the Nigerian National Petroleum Company Limited (NNPCL) weighs the future of the country’s refineries, energy…
OPEC Maintains Nigeria’s 1.5 Million BPD Oil Quota Through 2026
The Organisation of the Petroleum Exporting Countries (OPEC) has confirmed that Nigeria’s crude oil production…
Dangote Refinery Pledges 1.5 Billion Litres of Petrol Monthly to Boost Nigeria’s…
Dangote Petroleum Refinery has confirmed it will supply 1.5 billion litres of Premium Motor Spirit (PMS) monthly,…