Browsing Category
Energy
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,…
NNPC Profit Soars to N481bn as Revenue Hits N4.97tn in April 2026 Amid Oil Output…
The Nigerian National Petroleum Company Limited (NNPC) has reported a strong financial performance for April 2026,…
European Stocks Slip as Defense Sector Surges on Ukraine’s $105B EU Loan Boost
European shares ended lower on Thursday as investors reacted cautiously to rising geopolitical tensions and mixed…
Nigeria Spends £1.1bn on UK Refined Oil as Fuel Import Dependence Persists in 2025
Nigeria’s dependence on imported fuel remains a major talking point in its energy sector, as new data shows the…
Dangote Refinery Becomes World’s Largest Jet Fuel Exporter Amid Global Supply…
Nigeria’s Dangote Petroleum Refinery has achieved a major milestone, emerging as the world’s largest exporter of…
FG, World Bank Cancel $717.7 Million Power Sector Loan as Tariff Deficits Worsen
The Federal Government and the World Bank have agreed to cancel approximately $717.7 million in undisbursed…
Alaoji Power Plant Restored: NDPHC Revives 450MW Facility Amid Nigeria Electricity…
Nigeria’s power sector received a major boost as the Niger Delta Power Holding Company (NDPHC) announced the…
Oil Prices Rise as US Strikes in Iran Stall Peace Deal Hopes, Global Stocks Turn…
Global oil prices climbed on Tuesday while stock markets showed mixed performance, as renewed U.S. military strikes…
UK Exempts Nigeria from Russian Fuel Sanctions Tightening Amid Global Energy Shift
The United Kingdom has exempted Nigeria from stricter compliance checks under its updated sanctions regime…
Nigeria’s Refinery Struggles Deepen as Fuel Import Bill Hits ₦46.17 Trillion Amid…
Nigeria’s dependence on imported fuel continues to spark debate as industry experts warn that local refineries are…
Nigeria, Turkey Seal Mining Partnership to Boost Investment and Solid Minerals…
Nigeria has taken another step toward attracting foreign investment into its mining industry after signing a…
Dangote faces price war as NNPC backs fuel imports
Nigeria’s downstream petroleum sector is heading for another major showdown as the Nigerian National Petroleum…
FG Cancels $717.7 Million World Bank Power Loan as Nigeria’s Electricity Crisis…
Nigeria’s efforts to revive its struggling electricity sector suffered a major setback after the Federal Government…
Nigeria’s Oil Sector Contributes 3.92% to GDP in Q1 2026 Despite Improved Growth…
Nigeria’s oil sector accounted for 3.92% of the country’s real Gross Domestic Product (GDP) in the first quarter of…
Oil Prices May Crash as Iran–US Peace Talks Signal Possible Reopening of Strait of…
Global oil markets may be heading for a major shake-up as renewed Iran–US peace talks raise hopes of reopening the…
Cooking Gas Crisis in Nigeria: Prices Hit ₦1,500/kg as Marketers Warn of Scarcity…
Nigeria’s cooking gas market is under fresh pressure as marketers raise alarm over worsening scarcity and a sharp…
CPPE Defends Dangote Refinery, Rejects Monopoly Claims and Calls for Stronger…
The Centre for the Promotion of Private Enterprise (CPPE) has rejected allegations that the Dangote Refinery poses…
NNPC Battles Dangote Refinery in Court, Warns Against Fuel Market Monopoly
The Nigerian National Petroleum Company Limited (NNPC) has strongly opposed the lawsuit filed by Dangote Petroleum…
Seplat Energy Targets Expansion, Approves 2025 Dividend Amid Record Production…
Seplat Energy Plc has entered a bold new phase of expansion, combining strong financial performance with an…