Dangote Refinery Says Petrol, Diesel Prices Are Being Subsidised Amid Rising Crude Oil Costs
A senior official of the Dangote Group has disclosed that the Dangote Petroleum Refinery is currently subsidising the prices of…
Category: Energy
Nigeria Crude Oil Production Hits Five-Year High at 1.71 Million BPD — NNPC Limited Report
Nigeria’s crude oil production has climbed to 1.71 million barrels per day between April 2025 and April 2026, marking its…
Dangote Refinery Expansion to Create 95,000 Jobs as Capacity Hits 1.4 Million Barrels Per Day
Aliko Dangote, President of the Dangote Group, has announced that the ongoing expansion of the Dangote Petroleum Refinery will generate…
Global Gas Pricing Boosts Nigeria LNG Expansion Amid Underinvestment Challenges
Global gas pricing trends are creating new opportunities for gas-producing nations, with Nigeria emerging as a key potential beneficiary. However,…
Europe Emerges as Key Buyer of U.S. Strategic Petroleum Reserve Oil Amid Global Supply Strain
Europe has become a major destination for oil released from the U.S. Strategic Petroleum Reserve (SPR), as global energy markets…
NNPC Denies Selling Refinery Scrap, Warns Public Against Fraudulent Claims
The Nigerian National Petroleum Company Limited (NNPC) has dismissed reports circulating online and in some circles claiming it is selling…
NUPRC Urges Local Refiners to Acquire Oil Blocks to Strengthen Crude Supply Chain
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has encouraged members of the Crude Oil Refinery Owners Association of Nigeria (CORAN)…
Nigeria’s Crude Oil Prices Surge Above $113 as Iran Crisis Disrupts Global Supply
Nigeria’s crude oil grades have rallied sharply as tensions in the Middle East continue to disrupt global energy supply chains.…
Dangote Targets East Africa With 650,000bpd Refinery Expansion Plan
Africa’s richest man, Aliko Dangote, has announced plans to construct a new 650,000 barrels-per-day refinery in East Africa, marking a…
NUPRC Appeals Court Ruling Over Dawes Island: Nigeria Moves to Protect Oil Investments and Sector Stability
Nigeria’s upstream oil regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has taken the Federal High Court’s recent decision on…
Lithium Supply Tightens as Prices Collapse and EV Demand Slows – Global Deficit Warning Grows
Lithium markets are heading toward a potential supply squeeze as analysts warn that a global deficit could emerge as early…
Dangote Refinery Aviation Fuel Exports Hit 1.1 Billion Litres to Europe as Nigeria Supplies 95% of Jet A1 Demand
The Dangote Refinery and Petrochemicals has been described as a major stabilising force in Nigeria’s aviation sector, supplying over 95%…
Oil price surge to $105 per barrel amid escalating Iran-US tensions over Strait of Hormuz
Oil prices climbed sharply to over $105 per barrel on Thursday, reversing earlier losses as renewed tensions between Iran and…
Sierra Leone Signs $225 Million Offshore Oil Deal with Marginal Energy to Boost Exploration
Sierra Leone has taken a major step toward revitalizing its oil and gas industry, signing a $225 million offshore exploration…
Investors Shift to State-Led Power Deals in Nigeria’s Electricity Market
Investors are quietly changing how they approach Nigeria’s long-struggling electricity sector, opting for state-led power deals instead of relying on…
Oil Price Stabilizes at $95 as Middle East Tensions Push Markets Into Structural Tightness – Standard Chartered
Global oil markets are once again under pressure as geopolitical tensions in the Middle East flare up, pushing Brent crude…
Oil Prices Slip Slightly as U.S.-Iran Tensions Stall Talks and Disrupt Strait of Hormuz Shipping
Global oil markets experienced a slight pullback on Thursday as geopolitical tensions between the United States and Iran continued to…
Nigeria Gas Sector Investment Hinges on Regulatory Clarity, Says NGA
The Nigerian Gas Association (NGA) has stressed that regulatory clarity, consistent policy implementation, and stronger institutional coordination are essential to…
Africa Needs Two More Dangote-Scale Refineries to Close Fuel Import Gap – AFC Report
Africa will need at least two more refineries the size of the Dangote Refinery to keep up with its fast-growing…
DisCos Remit N77.99bn in Q4 2025 as Performance Drops to 91.19% – NERC Report
Nigeria’s electricity distribution companies (DisCos) remitted a total of N77.99 billion in the fourth quarter of 2025, representing 91.19% of…
Two Decades of Erha Field: How Nigeria’s Deepwater Giant Built Long-Term Value in Oil Production
Two decades after first oil flowed from the Erha Field in Offshore Nigeria’s OML 133, the project is being highlighted…
NNPC Crude Supply to Dangote Refinery Surges Past 1 Billion Barrels in April 2026
Crude oil supply from the Nigerian National Petroleum Company Limited (NNPC) surged significantly in April 2026, with over 1.03 million…
Skills Gap Threatens Nigeria Oil Sector Growth, Says NUPRC Amid Industry Transition
Nigeria’s oil and gas industry is facing a growing threat that could slow its long-term development—not a shortage of crude…
Dangote Refinery Imposes ₦500,000 Daily Penalty on Trucks to Ease Congestion
Dangote Petroleum Refinery and Petrochemicals has rolled out a strict penalty policy targeting trucks that fail to leave its premises…
Nigeria Expands Mini-Grid Power Market as Regulatory Clashes Raise Investment Concerns
Nigeria’s electricity sector is entering a major structural shift as updated mini-grid regulations broaden the scope of distributed power projects,…
Dangote Refinery to Begin Crude Production as Upstream Output Testing Starts
The Dangote Group has announced a major step forward in its upstream expansion, confirming that it has achieved first oil…
Iran–Israel Conflict Exposes Nigeria’s Weak Economic Shock Response Toolkit as Oil Price Volatility Rattles Markets
Security, economic, and policy analysts have warned that the ongoing Iran–Israel–US conflict is exposing serious gaps in Nigeria’s ability to…
Top 10 African Countries with the Cheapest Diesel Prices in April 2026: Niger Leads Low Fuel Cost Rankings
Across Africa, diesel prices in April 2026 reveal a sharp divide between countries able to keep fuel affordable and those…
Nigeria Exports 55.39 Million Barrels of Crude as Dangote Refinery Faces Severe Domestic Supply Shortage
Nigeria exported a total of 55.39 million barrels of crude oil in the first two months of 2026, even as…
Petrol Price Drop in Nigeria Uncertain as Strait of Hormuz Crisis Deepens
Hopes for a significant petrol price drop in Nigeria have faded following renewed tensions in the Strait of Hormuz, a…