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Energy
N279bn petrol cargoes arrive amid Dangote-NNPC legal battle
Six fuel-laden vessels valued at approximately N279 billion have begun arriving at Nigerian ports, intensifying…
Oil Prices Tumble as Trump Signals Iran Peace Deal, Easing War Fears in Global…
Global oil prices fell on Thursday after U.S. President Donald Trump signaled a possible breakthrough in tensions…
Nigerian Gas Exports Surge 57% to $3.38bn as Europe Demand and Global Energy…
Nigeria’s liquefied natural gas (LNG) exports have recorded a major boost, surging by 57% to $3.38 billion in the…
Nigeria Surpasses OPEC Oil Quota as Crude Production Hits 15-Month High
Nigeria has recorded its strongest crude oil production performance in over a year, surpassing its Organisation of…
Nigeria’s Oil Production Climbs to 1.53 Million bpd, Highest Level Since July 2025
Nigeria’s oil production rose to an average of 1.53 million barrels per day (bpd) in May 2026, marking its highest…
Dangote Refinery Poised to Gain as Russia Extends Jet Fuel Export Ban
The Dangote Petroleum Refinery may be set for another boost in the international aviation fuel market following…
Standard Bank Backs Dangote Refinery IPO, Pledges Support for Expansion Across…
Africa’s largest financial institution, Standard Bank Group, has thrown its weight behind the planned Dangote…
FG Sets June 12 Deadline for Oil Bids in 2025 Licensing Round as Nigeria Pushes…
The Federal Government has set Friday, June 12, 2026, as the final deadline for the submission of technical and…
Oil Prices Drop Sharply as Iran–US Peace Talks Ease Global Supply Fears
Oil prices fell sharply on Tuesday after renewed optimism over a possible diplomatic breakthrough between Iran and…
Nigeria Petrol Imports Crash by N2.18 Trillion in Q1 2026 as Local Refining…
Nigeria’s petrol import bill has taken a dramatic nosedive, falling by a staggering N2.18 trillion in the first…
Nigeria’s Crude Oil Exports Hit N11.2 Trillion in Q1 2026 Despite Market Swings
Nigeria’s crude oil exports climbed to N11.20 trillion in the first quarter of 2026, reinforcing the country’s…
Heirs Energies Wins Global Oil & Gas Deal of the Year for $750M Afreximbank…
Heirs Energies Limited, one of Nigeria’s fast-growing indigenous energy companies, has earned major global…
NUPRC and NNRA Partner to Cut Oil Production Costs and Strengthen Safety…
Nigeria’s upstream oil and gas sector is set for a major regulatory shake-up as the Nigerian Upstream Petroleum…
Nigeria Left Out as OPEC Raises Oil Quotas for Algeria, Saudi Arabia and Others in…
Nigeria has once again missed out on benefiting from the latest oil production quota adjustments by the…
Oil Prices Drop as Middle East Tensions Ease on Ceasefire Hopes and Supply Shifts
Global oil prices slipped sharply on Thursday as easing tensions in the Middle East sparked renewed optimism among…
Nigeria Considers Debt Refinancing as Oil Prices Surge Amid US Tariff Threats
Nigeria is weighing a major financial reset as it considers refinancing parts of its costly debt portfolio and…
Dangote Refinery Fuel Price Exceeds Import Landing Cost as Market Data Sparks…
Recent industry data has sparked fresh discussions in Nigeria’s downstream oil sector, as figures show that the…
Dangote Refinery Targets Global Jet Fuel Dominance with 700,000 BPD Expansion Plan
Dangote Refinery is setting its sights on becoming a dominant force in the global jet fuel market, with plans to…
Dangote Refinery and the refining of sovereignty
In the heart of Lekki, Lagos, the Dangote Refinery is doing more than processing crude oil—it is quietly reshaping…
World Bank Expands West Africa Power Grid, Boosting Electricity Access for…
The World Bank has reported major progress in its regional electricity initiative aimed at improving power supply…
Meren Energy Nigeria Investment Boost as NUPRC Confirms 2026 Licensing Round…
Meren Energy has announced plans to deepen its investment footprint in Nigeria’s oil and gas sector, signaling…
Tinubu Approves 2026 Oil Block Licensing Round as Nigeria Targets Fresh Upstream…
Nigeria is set for a new wave of oil sector activity as President Bola Tinubu has approved the 2026 oil block…
NOG Energy Forum 2026 to Tackle Gas Monetisation and Decarbonisation as Global…
The 2026 edition of the NOG Energy Week is set to become a major global meeting point for energy experts as it…
Dangote alleges crude supply sabotage by govt, NNPC objects
The battle between Africa’s richest man’s refinery and Nigeria’s oil authorities has escalated, as…
DisCos Generate N600bn in Q1 Despite Persistent Power Outages Across Nigeria
Nigeria's Electricity Distribution Companies (DisCos) generated nearly N600 billion in revenue during the first…
Petrol Price Surges 643% in Nigeria as Fuel Crisis Deepens Amid Global Oil Shocks
Nigeria’s fuel market has witnessed a dramatic and painful transformation as the price of Premium Motor Spirit…
Oil Workers Shut Down NUPRC Nationwide Over Foreign Training Dispute
Operations at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) were brought to a standstill on Monday…
Oil Prices Surge as US–Iran Diplomacy Collapses Over Middle East Tensions
Global oil prices surged on Monday after diplomatic efforts between the United States and Iran showed signs of…
Nigeria’s Gas Reserves Set to Power Global AI Revolution, Boost Digital…
As artificial intelligence (AI) continues to reshape industries worldwide, the race to secure reliable energy…
Nigeria’s Crude Oil Sector Grows 16.4% Despite Falling Production — Signs of a…
Nigeria’s crude petroleum sector has posted a surprising 16.37% year-on-year growth in the first quarter of 2026,…