Dangote Refinery Emerges Major Winner as US-Iran Conflict Boosts Demand, Wealth Soars
Africa’s richest man, Aliko Dangote, is emerging as one of the biggest beneficiaries of the…
Category: Energy
Nigeria Crude Oil Production Hits N41.7tn in Six Months as Output Shows Strong Recovery
Nigeria earned an estimated N41.74 trillion from crude oil and condensate production in the first…
Dangote Refinery Crude Imports Raise Fresh Doubts Over Nigeria’s Crude-for-Naira Policy
Nigeria’s crude-for-naira initiative has come under renewed scrutiny following revelations that the Dangote Petroleum Refinery…
PETROAN Urges Refinery Revival as Dangote Refinery Switches to Dollar Sales
Nigeria’s downstream petroleum sector is facing renewed uncertainty as the Petroleum Products Retail Outlets Owners…
NERC CapEx Order Triggers Power Sector Showdown as DisCos, State Regulators Push Back
Nigeria’s electricity sector has been thrust into the spotlight following the implementation of the NERC…
U.S. Crude Inventories Drop 1.7 Million Barrels as Iran Tensions Keep Oil Markets on Edge
The latest U.S. Energy Information Administration (EIA) report has revealed a significant decline in American…
Dangote Refinery Shields Nigerians from Global Fuel Price Shock, Says S&P Global
Dangote Petroleum Refinery is playing a crucial role in protecting Nigerians from the impact of…
China Oil Inventories Emerge as Key Force Behind the Next Global Oil Rally
China’s massive oil stockpiles are rapidly becoming one of the most influential factors in the…
Federal Govt Inaugurates Joint Decarbonisation Group For Oil, Gas Sector
Nigeria has taken a major step toward balancing economic growth with climate responsibility following the…
FG Grants Shell $11.5 Per Barrel Tax Credit to Unlock $20 Billion Bonga Deepwater Investment
The Federal Government has approved a special production-linked tax credit for Shell Plc’s Bonga Southwest…
NNPC and African Oil Giants Unite to Launch $5B Bank and End Fuel Imports
Africa is officially tired of exporting its wealth and buying it back at a premium.…
Nigeria Oil Sector Reforms: IPPG Pushes for Coordinated Action to Boost Global Competitiveness
Nigeria’s oil and gas industry has been urged to embrace a new wave of coordinated…
South Africa Strategic Oil Reserve Plan Targets 36 Million Barrels to Boost Energy Security
South Africa is set to significantly strengthen its energy security with plans to establish a…
Dangote Refinery Switches to Dollar Pricing, Ends Naira Payments for Petrol Sales
Dangote Petroleum Refinery has officially ended naira-denominated transactions for the sale of petrol, diesel, and…
TotalEnergies Demands Nigeria’s Gas Potential Unlocked For Domestic Market, Exports
Nigeria is sitting on an energy goldmine, and the world is officially knocking on its…
Oil Prices Surge Above $80 as Trump Revives Iran Blockade, Raising Global Supply Fears
Global oil markets were shaken on Monday as crude prices surged above $80 per barrel…
Nigeria Crude Oil Production 2026 Soars to Highest Level in Over Six Years
Nigeria’s energy sector is humming with newfound energy as the nation’s crude oil production soared…
Tanzanian Billionaire Backs Dangote’s Kenya Refinery Plan with $100 Million Investment Offer
Africa’s drive toward industrial self-sufficiency received a major boost after Tanzanian billionaire Mohammed Dewji announced…
Dangote Refinery Cuts Petrol Price Again as Rising Crude Oil Prices Threaten Market Stability
The Dangote Petroleum Refinery has announced another reduction in its ex-depot price of Premium Motor…
Oil Hits $80 as Trump Ends Iran Ceasefire, Raising Fresh Fuel Price Fears Worldwide
Global oil markets were thrown into fresh uncertainty on Wednesday after crude prices climbed to…
NNPC Ends Crude-Backed Loans for Refineries, Pushes Port Harcourt and Warri Plants Toward Self-Sustainability
The Nigerian National Petroleum Company Limited (NNPC) has unveiled a major shift in its refinery…
NUPRC Awards 19 Oil Prospecting Licences as Nigeria Secures Fresh Upstream Investments
Nigeria has taken another major step toward revitalizing its oil and gas industry as the…
Dangote Refinery Launches Free Petrol Delivery to Abuja, Five States Amid Fuel Price Relief
Dangote Petroleum Refinery has taken another significant step in Nigeria’s fuel market by launching free…
Oil Surges, Global Stocks Tumble as Trump Declares Iran Ceasefire Over
Global financial markets were thrown into fresh uncertainty on Wednesday after United States President Donald…
Nigeria’s $25bn Oil and Gas Financing Gap Sparks Call for Urgent Investment Partnerships
Nigeria’s oil and gas industry is facing a major hurdle that could slow growth and…
FG Pressures Oil Marketers as Nigerians Demand Cheaper Petrol Amid Falling Global Oil Prices
The Federal Government has intensified pressure on oil marketers to reduce petrol prices, following growing…
NNPC, Seplat and UTM FLNG Seal 15-Year Gas Deal to Unlock Nigeria’s LNG Potential
Nigeria’s ambition to become a leading global gas powerhouse received a major boost as the…
Dangote Refinery Spends $4.48bn on Crude Imports as Fuel Price Relief Looms for Nigerians
Africa’s largest refinery, the Dangote Petroleum Refinery, spent an estimated $4.48 billion importing 40.4 million…
Petrol Price May Drop Below N800 as Marketers Push for Import Rights
Nigerians may soon see significant relief at the fuel pumps as independent petroleum marketers project…
Nigeria lost about N2.4 trillion to grid underutilisation since 2015: NISO
Nigeria has lost an estimated N2.4 trillion in capacity payments over the past decade due…