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Energy
Nigerian Government Grants 47 Refinery Licenses to Boost Domestic Production and…
In a significant move to enhance Nigeria's refining capacity and reduce reliance on imported petroleum products,…
AEW 2025 Sets Stage for Africa’s $43bn Energy Boom, Focuses on Transition…
The African Energy Week (AEW) has officially launched its 2025 conference, marking a pivotal moment in Africa's…
Lagos Partners with REA to Expand Renewable Energy Access and Bridge Power Gaps
In a decisive move to tackle Lagos State’s longstanding energy challenges, the Lagos State Government has signed a…
OPEC Lowers Oil Demand Forecast as US Tariffs Rattle Global Markets
OPEC has revised its global oil demand growth forecast for 2025, trimming it to 1.3 million barrels per day (bpd),…
Nigeria’s Oil Production Hits 2025 Low, Threatening Budget and Economic Stability
Nigeria’s oil production has dropped to its lowest level in 2025, raising concerns over the country’s economic…
FG Seeks Continued EU Support for Nigeria’s Power Sector Reform
The Nigerian government is calling for continued technical and financial support from the European Union (EU) to…
Enugu issues 5MW power licence, boosts private sector participation in electricity…
Enugu State has issued a new 5MW power generation license to Tempo Power Solutions Ltd, authorizing the company to…
NNPC Pushes Forward with 72% Completion of AKK Pipeline, Reaffirms Commitment to…
The Nigerian National Petroleum Company (NNPC) Limited has reported a 72% completion rate on the…
Dangote Refinery Reduces Ex-Deport Petrol Price from N880 to N865 per Litre
Dangote Petroleum Refinery and Petrochemicals has announced a reduction in its ex-gantry loading cost for petrol…
Experts Urge Dialogue as Nigeria Braces for Impact of Trump’s 90-Day Tariff Pause
In the wake of U.S. President Donald Trump’s announcement of a 90-day pause on tariff hikes, experts are calling…
FG Signs $328.8 Million Electricity Transmission Agreement with Chinese Firm
The Federal Government of Nigeria has signed a significant $328.8 million contract with China Machinery…
Dangote Refinery begins global export of refined petroleum products
The Dangote Petroleum Refinery has officially kicked off global exports of refined petroleum products, marking a…
Crude Oil Plunges to $60 as China Strikes Back with Steep Tariffs
Crude oil prices plunged on Wednesday, with Brent falling to $60.46 per barrel, down from $63 the previous day,…
FG Confirms Continuation of Crude and Refined Product Sales in Naira Initiative
The Federal Government has reaffirmed that the Crude and Refined Product Sales in Naira initiative is a permanent…
Presidential CNG Initiative to Launch 150 New Stations in 18 Months Amid Safety…
The Presidential CNG Initiative (PCNGI) has announced plans to establish at least 150 new refueling stations…
FG to Receive First Batch of 3.2 Million Electricity Meters in April 2025
In a bid to address the significant metering gap in Nigeria’s electricity sector, the Federal Government has…
Hoodlums Vandalize Major Gas Pipeline in Bayelsa, State Government Vows Action
In a recent act of vandalism, suspected oil thieves have attacked the Ogboinbiri/Obiobi 24-inch gas pipeline,…
Nigerian DisCos Face 33% Revenue Shortfall in 2024 Amid Metering Issues and Poor…
In 2024, Nigeria's electricity distribution companies (DisCos) experienced a significant 33% revenue shortfall,…
Sabotage of Trans-Niger Pipeline Threatens Nigeria’s Oil Production Recovery
Recent sabotage of Nigeria’s Trans-Niger Pipeline (TNP) has raised concerns over the country’s oil security just…
UK-listed Savannah Energy Acquires Nigerian Oil Assets for $35 Million to Boost…
Savannah Energy, a UK-listed independent energy company, has successfully completed its acquisition of Sinopec…
FG Investing Trillions in Economic Reforms for Long-Term Growth – Atiku Bagudu
Nigeria's federal government is making significant strides toward economic transformation by channeling trillions…
Price of cooking gas drops 13.3% to N16,250 — Investigation
The price of cooking gas (Liquefied Petroleum Gas, LPG) in Nigeria decreased by 13.3% in January 2025, with the…
Dangote to NNPC Ltd: Your statement on $1bn refinery investment inaccurate,…
Dangote Petroleum Refinery has refuted claims made by the Nigerian National Petroleum Company Limited (NNPCL)…
Tinubu to German investors: Energy, solid minerals key to Nigeria’s economic…
President Bola Tinubu highlighted Nigeria's potential for growth in the energy and solid minerals sectors during a…
Forex Challenges Blamed for High Petrol Prices in Nigeria
Operators in Nigeria’s downstream oil sector attribute the high cost of locally refined petrol to…
Equinor exits Nigeria, completes $1.2bn asset sale to Chappal Energies
Equinor, the Norwegian energy giant, has exited Nigeria after three decades of operations, finalizing the $1.2…
Oil & Gas Industry: PENGASSAN Kicks Against Flagrant Abuse Of Expatriate Quota
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised concerns about the high…
Equinor ends 31years Nigerian journey for profitable markets
Norwegian energy company Equinor has exited Nigeria after 31 years, finalizing its divestment from the West…
Marketers Begin Direct Loading From Dangote Refinery
Independent Petroleum Marketers Association of Nigeria (IPMAN) has commenced direct premium Motor Spirit (PMS)…
Mixed reactions trail moves to privatisee PH, Warri, Kaduna refineries
The Nigerian government has confirmed its plans to privatize the country's four government-owned refineries in…