Category: Energy

Apex African Gas Nigeria Limited has taken a major step in strengthening Nigeria’s industrial gas sector with the commissioning of a new 70-ton-per-day Air Separation Unit plant in Satellite Town, Lagos. The facility, valued at more than N10 billion, raises the company’s total production capacity to 110 tons per day, positioning it among the country’s […]

Nigeria’s fuel market received a fresh boost on Thursday as Dangote Petroleum Refinery announced a N50 reduction in its petrol gantry price, bringing the cost down from N1,175 to N1,125 per litre. The price adjustment comes amid a sustained decline in global crude oil prices following easing tensions in the Middle East, a development that […]

Nigeria’s recent success in exceeding its Organisation of Petroleum Exporting Countries (OPEC) oil production quota has sparked fresh calls for greater investment in the nation’s upstream oil sector. Energy marketers say the milestone demonstrates the country’s potential to significantly increase crude oil output if more resources are directed toward exploration and production activities. Industry stakeholders […]

Nigeria’s largest refinery, Dangote Petroleum Refinery and Petrochemicals, has strongly denied reports suggesting that fuel exported from its facilities is being re-imported into Nigeria through the Lomé trading hub in Togo. The company described the claims as misleading and unsupported by facts, insisting that such a practice would go against its mission of strengthening local […]

The Federal Government has issued fresh fuel import licences to major petroleum marketers as part of efforts to ensure a steady supply of fuel across Nigeria during the third quarter of 2026. Industry players confirmed on Wednesday that approved companies had begun receiving their permits from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), […]

Despite a significant drop in global crude oil prices, Nigerians are yet to feel the impact at filling stations as petrol continues to sell for over N1,000 per litre across many parts of the country. The development has sparked frustration among motorists, businesses, and households who expected fuel prices to decline after international oil markets […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has intensified efforts to strengthen the security of the nation’s oil and gas infrastructure by advocating the deployment of drone surveillance technology across key operational areas. The move forms part of a broader collaboration with the Federal Ministry of Defence aimed at tackling persistent security threats, reducing crude […]

Dangote Petroleum Refinery has strongly denied reports suggesting that petroleum products exported from its facility are finding their way back into Nigeria through the offshore trading hub in Lomé, Togo. The company described the allegation as a “web of falsehoods,” insisting that neither trade data nor market realities support such claims. The clarification comes amid […]

Petrol prices have remained stubbornly high across Nigeria, even as global crude oil prices decline toward levels last seen before recent geopolitical tensions between the United States and Iran. Despite a drop in Brent crude to around $77.5 per barrel and West Texas Intermediate (WTI) hovering near $74, Nigerian consumers are still facing elevated pump […]

Nigeria’s oil industry is showing signs of recovery, with growing evidence that improved protection of oil infrastructure in the Niger Delta is playing a key role in boosting crude production. New security and energy data suggest that reduced pipeline vandalism and tighter surveillance efforts have helped stabilize output, even as insecurity persists in other parts […]

Nigeria’s domestic crude supply to local refineries recorded a noticeable decline in May 2026, dropping to 15.84 million barrels, according to fresh data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). This came even as total refinery intake rose to 17.92 million barrels for the month, highlighting a complex mix of reduced local […]

Aradel Holdings Plc has recorded a dramatic leap in its financial position, with total assets surging by 466 per cent to N9.9 trillion in 2025, driven largely by a major acquisition that reshaped its balance sheet and expanded its energy footprint. The sharp increase reflects the company’s growing dominance in Nigeria’s integrated energy sector. The […]

Nigeria’s oil and gas sector is showing strong signs of recovery, but long-standing operational issues continue to weigh on its full potential. In recent years, the industry has attracted over $10 billion in fresh investments, supported by regulatory reforms under the Petroleum Industry Act (PIA) and intensified efforts to reduce oil theft and pipeline vandalism. […]

Nigeria’s flagship Dangote Petroleum Refinery is facing mounting pressure as a severe crude supply shortage threatens its operations, raising fresh concerns about fuel stability and the future of domestic refining in Africa’s largest economy. The $20 billion, 700,000 barrels-per-day facility in Lagos is currently operating far below capacity after crude deliveries fell by 62 per […]

Fuel prices have dropped across parts of Lagos and Ogun States as filling stations adjust pump rates in response to rising competition and recent changes in the downstream oil market. As of Sunday, petrol was sold at an average of N1,205 per litre, marking a noticeable decline from previous highs of about N1,280 per litre. […]

Nigeria’s crude oil production has surged beyond its OPEC quota, with stakeholders attributing the improvement to enhanced security operations on the Trans Niger Pipeline (TNP). Pipeline Infrastructure Nigeria Limited (PINL) says its surveillance efforts, alongside community and security collaboration, have played a key role in stabilising output across major oil corridors. Speaking at a stakeholders’ […]