Dangote Refinery IPO: Rewane Sees Nigeria’s Economy Hitting $600bn as IPMAN Urges Investment
The planned Dangote Refinery IPO is attracting growing attention as the Independent Petroleum Marketers Association of Nigeria (IPMAN) urges its…
Category: Energy
Dangote Plans 1,000MW Power Plant in Kenya as Energy Push Expands
Dangote Industries is set to deepen its footprint in East Africa with plans for a 1,000-megawatt liquefied natural gas (LNG)…
Dangote Refinery, NMDPRA Clash Over Propane Operations as Court Extends Restraining Order
The dispute between Dangote Petroleum Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has taken a fresh…
Global Clean Energy Investment Drops 17% as China Pullback Weighs on Market
Global clean energy investment fell 17% in the first half of 2026, with a sharp pullback in China emerging as…
Reps Probe N432bn Oil Firms Debt to NMDPRA, Demand Accountability
The House of Representatives Public Accounts Committee (PAC) has commenced an investigation into N432.07 billion owed to the Nigerian Midstream…
OPEC+ Keeps Saudi Arabia, Russia Oil Output Unchanged for October
Saudi Arabia, Russia and five other major oil producers have agreed to maintain their September 2026 oil production levels in…
Oil Prices Cross $100 as US-Iran Conflict Deepens, Raising Nigeria’s Revenue Hopes
Global oil prices have surged above $100 per barrel for the first time since late July as intensifying military tensions…
Crude Oil Hits $100: Nigerian Marketers Warn of Fresh Petrol Price Hike
International crude oil prices have crossed the $100-per-barrel mark, raising fresh concerns that Nigerian motorists and businesses could soon face…
NNPC Disowns Fuel Truck Found With 2,145kg Cannabis in Ondo
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has distanced itself from a fuel truck intercepted in Ondo State after…
Rising Oil Prices Put China’s Independent Refiners Under Pressure
China’s independent refiners could be heading for a difficult period as rising international oil prices and tightening crude supplies squeeze…
Local Petrol Maintains N46 Price Advantage Over Imports as Dangote Refinery Cuts Cost
Locally refined petrol has maintained a price advantage over imported Premium Motor Spirit (PMS), with industry data showing that imported…
OPEC Maintains September Oil Production Levels for October 2026
The Organisation of the Petroleum Exporting Countries (OPEC) and its allies have agreed to maintain their September 2026 oil production…
OPEC+ Pauses Oil Output Hikes After Four Straight Monthly Increases
OPEC+ has paused its recent oil production increases, keeping output levels unchanged for October 2026 after four consecutive monthly hikes…
Nigerians Pay N1.2trn for Electricity in Six Months as DisCos’ June Revenue Drops
Electricity consumers across Nigeria paid about N1.2 trillion for power consumed between January and June 2026, according to data from…
NNPC Profit Falls 47.9% to N279bn as July Revenue Drops to N3.09trn
The Nigerian National Petroleum Company Limited (NNPCL) recorded a sharp decline in profitability in July 2026, as NNPC profit fell…
Crude Oil Price Hits $96.98 as Nigerian Marketers Review Petrol Pump Prices
Crude oil prices are edging closer to the $100 per barrel mark, with Brent crude rising to $96.98 per barrel…
Kenya, Dangote Plan 1,000MW LNG Power Plant as Tanzania Gas Emerges as Key Supply Option
Kenya and Africa’s richest man, Aliko Dangote, are exploring a major 1,000-megawatt LNG power project linked to the proposed Dangote…
Nigerians Spend N11.3tn on Petrol in Seven Months as Consumption Drops
Nigerians spent a staggering N11.3tn on petrol between January and July 2026, even as the volume of fuel consumed across…
Dangote Refinery IPO to Open Within 12 Days, Could Raise $5 Billion
The long-awaited Dangote Refinery IPO could open within the next 10 to 12 days, as Africa’s largest oil refinery moves…
Nigeria, IEA Sign Deal to Strengthen Energy Data, Attract More Investment
Nigeria has taken another step towards improving its energy sector after signing a Joint Work Programme with the International Energy…
UK Set to Approve Jackdaw Gas Field as Energy Costs Surge
The United Kingdom is reportedly preparing to approve the development of the Jackdaw gas field in the North Sea as…
OB3 Pipeline Ready for First Gas as AKK Reaches 95% Completion – NNPC
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced major progress on two of Nigeria’s key gas infrastructure projects,…
Nigeria Imports 245m Litres of Diesel as Modular Refineries Struggle to Meet Demand
Nigeria imported 244.9 million litres of diesel in July 2026 as modular refineries struggled to significantly increase their contribution to…
Dangote Says Tinubu Reforms Are Driving Refinery Growth, Investor Confidence
Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, has linked the growing operations of the Dangote Petroleum…
World Bank Backs Nigeria’s Electricity Tariff, Subsidy Reforms to Fix Power Sector
The World Bank has thrown its weight behind Nigeria’s electricity tariff and subsidy reforms, saying the changes are necessary to…
OPEC+ Likely to Keep October Oil Output Unchanged as Iran War Disrupts Supply
OPEC+ is expected to keep its oil production policy unchanged for October as disruptions linked to the Iran war continue…
UAE Energy Firm Moves to Acquire 90% Stake in Azura Power
Abu Dhabi-based energy infrastructure platform ePointZero is set to acquire a 90 percent stake in Azura Power Holdings Limited, in…
Nigeria’s Power Reforms Could Strengthen Energy Security, Attract Investment — Minister
Nigeria’s ongoing power sector reforms could offer a blueprint for developing economies seeking to strengthen energy security and attract long-term…
NNPC Profit Falls 47.9% to N279 Billion in July as Oil, Gas Output Drops
The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a sharp decline in profitability in July 2026, with profit after…
Hormuz Shipping Traffic Slumps as U.S.-Iran Strikes Send Oil Prices Higher
The Strait of Hormuz shipping traffic has dropped sharply as escalating tensions between the United States and Iran continue to…