Energy

Nigerian crude oil prices surged past $72 per barrel on Tuesday, spurred by renewed geopolitical tensions…

Dangote Refinery has further reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol,…

Nigeria’s naira is showing signs of resilience and stability, decoupling from its historical dependence on crude…

Dangote Industries Limited has announced plans to fully switch its massive 650,000 barrels-per-day refinery to use…

Petrol pump prices in Nigeria have dropped below ₦900 per litre, following a ₦40 cut in ex-depot prices by the…

Despite a recent reduction in the ex-depot petrol price by the Dangote Petroleum Refinery from N880 to N840 per…

Seth Terkper, Economic Policy Advisor at the Office of the President, has issued a caution regarding the potential…

Dangote Petroleum Refinery has announced a reduction in its ex-depot petrol price to N840 per litre, marking a N40…

Crude oil prices for Nigeria's main export grades—Bonny Light, Brass River, and Qua Iboe—have fallen below $70 a…

The escalating conflict between Israel and Iran is reshaping global economic dynamics, with ripple effects…

Petroleum marketers in Nigeria are anticipating a reduction in petrol pump prices following a notable drop in…

Dangote Petroleum Refinery has invested over N720 billion in the deployment of 4,000 Compressed Natural Gas…

Petrol prices across Nigeria climbed steeply on Monday, with pump prices in major cities like Abuja and Lagos now…

Nigeria has generated a substantial N70.1 trillion in oil export revenue over a 15-month period from January 2024…

In a bold geopolitical move, Iran’s parliament has approved the closure of the Strait of Hormuz, a narrow but…

The Dangote Petroleum Refinery, Africa’s largest oil refining facility, is preparing for its first gasoline export…

The Nigerian Senate has issued a one-week ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) to…

At a biennial lecture in Lagos organized by the Chartered Institute of Directors, the CEO of the Nigerian Economic…

Nigeria, despite being Africa's largest oil producer, imported crude oil worth N1.19 trillion in the first quarter…

In a striking contradiction, Nigeria—Africa's leading oil producer—spent N1.19 trillion importing crude oil in the…

Despite a dramatic escalation in the Israel-Iran conflict over the weekend, global markets opened the week on a…

Nigeria’s crude oil export earnings fell to N12.96 trillion in the first quarter of 2025, representing a 16.34%…

Asian stock markets showed resilience on Monday despite heightened geopolitical uncertainty driven by ongoing…

Nigeria’s telecommunications industry spends over $350 million annually on diesel to power its infrastructure,…

Nigeria’s ambitious plan to secure a $5 billion oil-backed loan from Saudi oil giant Aramco has encountered…

Nigeria and Saudi Aramco are facing major hurdles in finalizing a landmark $5 billion oil-backed loan, as falling…

Nigerian petroleum marketers have partnered with international suppliers to import cheaper fuel, aiming to reduce…

Aliko Dangote, President of the Dangote Group, has announced plans for a sweeping transformation of Nigeria’s…

Amid growing competition in Nigeria’s downstream petroleum sector, six depot operators have reduced the price of…

Oando PLC, a leading Nigerian energy company listed on both the Nigerian and Johannesburg Stock Exchanges, has…