Transcorp Energy Secures World Bank-Backed Bid to Expand Renewable Power in Abuja
Transcorp Energy Limited has emerged as the successful bidder for key lots in the Federal Capital Territory under the World…
Category: Energy
GOIL CEO Warns StarOil Night Fuel Discount Could Breach Pricing Rules-Ghana
The Chief Executive Officer and Managing Director of GOIL Ghana, Edward Bawa, has raised concerns over StarOil Ghana’s proposal to…
Dangote Secures $4.2B Gas Deal with China’s GCL to Power Ethiopia Fertiliser Megaproject
Dangote Industries Limited (DIL) has finalized a landmark $4.2 billion, 25-year natural gas supply agreement with China’s GCL Group to…
European Markets Struggle as Oil Prices Fluctuate Amid Middle East Tensions
European markets showed little direction on Tuesday as investors grappled with persistent volatility driven by fluctuating oil prices and geopolitical…
Fuel Price Surge: 129,000MT Petrol, Diesel Vessels Arrive Nigeria Amid Import Controversy
As Nigerians grapple with a sharp petrol price surge, fresh supplies of fuel are arriving the country’s shores. No fewer…
Nigeria Must Halt Petrol Imports to Protect Forex Reserves, Energy Group Warns
An energy policy group has called on President Bola Ahmed Tinubu to pause newly approved petrol import permits, cautioning that…
Tinubu Launches Petroleum Reform Taskforce to Unlock $10 Billion Sector Value
President Bola Ahmed Tinubu has officially inaugurated the Presidential Petroleum Reform and Value Optimisation Taskforce to spearhead the next wave…
NUPRC Enforces “Drill or Drop” Rule, Boosting Investor Confidence in Nigeria’s 2025 Oil Licensing Round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially ended the era of oil companies holding exploration licences for years…
Brent crude tops $105 as Iran conflict heightens global oil supply fears
Global oil prices surged on Monday as tensions in the Middle East intensified, pushing Brent crude above $105 per barrel…
Oil Prices Surge Past $100 Amid Gulf Crisis: Brent Closes at $99
Oil prices experienced wild swings on Thursday as geopolitical tensions in the Gulf sent shockwaves through global markets. Brent crude…
Oil Prices Soar Above $100 Amid Middle East Crisis, Millions Displaced in Iran
Oil prices have rebounded above $100 per barrel as the U.S.-Israel war on Iran enters its second week, fueling fears…
US Grants 30-Day Waiver to Sell Stranded Russian Oil Amid Global Price Surge
The United States has issued a temporary 30-day waiver allowing countries to purchase Russian oil stranded at sea, in a…
NERC Orders N20.33bn Meter Refunds as DisCos Face Mounting Liquidity Pressure
Electricity distribution companies across Nigeria are facing renewed financial strain after the Nigerian Electricity Regulatory Commission directed them to refund…
Asia-Pacific Markets Tumble as Middle East Conflict Drives Oil Prices Above $100
Asia-Pacific stock markets fell sharply on Friday as investors reacted to soaring oil prices and growing fears that a prolonged…
Crude Oil Prices Surge Toward $100 Amid Iran Tensions
Global crude oil prices surged once again, approaching the $100-per-barrel mark during Asian trading on March 12, 2026, with Brent…
Nigeria’s Crude Oil Production Drops to 1.31 Million BPD, Falling Short of OPEC Quota
Nigeria’s crude oil production fell sharply to 1.31 million barrels per day (bpd) in February 2026, according to the latest…
Dangote Dominates N14.4tn Petrol Market: Experts Warn of Monopoly Risks in Nigeria
Nigeria’s energy sector is facing a major shake-up as Dangote Petroleum Refinery now supplies over 90% of the nation’s petrol,…
NERC Orders Private Substations to Secure Permits Within 45 Days to Strengthen Nigeria’s Grid
The Nigerian Electricity Regulatory Commission (NERC) has ordered all owners of private transmission substations connected to the national grid to…
Iran Threatens Strait of Hormuz Oil Shipments as $200 Per Barrel Price Warning Sparks Global Energy Fears
Tensions in the Middle East have intensified after Iran warned it could block oil shipments passing through the strategically important…
Seplat Energy to Drill 17 Wells in 2026, Targets 155,000 Barrels Daily Output
Seplat Energy Plc has unveiled an ambitious plan to drill 17 new wells in 2026 as part of efforts to…
Dangote Refinery Dominates Nigeria’s Petrol Market as FG Halts Imports
Nigeria’s petrol market is witnessing a historic shift as the Dangote Petroleum Refinery now supplies about 92% of the country’s…
FG Approves Bonga Southwest Aparo Project, Eyes $20bn Oil Investment
The Federal Government of Nigeria has given the green light to the Bonga Southwest Aparo project, a long-delayed deepwater oil…
FG Deploys 100,000 CNG Kits as Nigerians Face Near N3 Trillion Fuel Spend in March
The Federal Government has announced the immediate nationwide rollout of about 100,000 Compressed Natural Gas (CNG) conversion kits to help…
Dangote Reduces Petrol Prices by ₦100 Amid Global Oil Volatility: What Nigerians Need to Know
Dangote Petroleum Refinery announced a ₦100 reduction in the ex-depot price of Premium Motor Spirit (PMS) yesterday, aiming to ease…
Nigeria’s 4.07% GDP Growth Strengthens Economic Shield Amid Middle East Oil Crisis
Nigeria’s robust economic performance is positioning the country to withstand potential shocks from rising tensions in the Middle East. Finance…
Oil Prices Drop to $91 as Trump Signals Possible End to Middle East War
Global oil prices fell sharply to around $91 per barrel on Tuesday after soaring to a more than three-year high…
Market slows as Dangote hikes petrol, diesel to N1,175/N1,620
Nigeria’s petroleum market faced renewed uncertainty on Monday after Dangote Petroleum Refinery increased ex-depot prices of petrol and diesel to…
Dangote Refinery Buys Nigerian Crude at International Prices, Fuel Costs Remain High
The Managing Director and CEO of Dangote Petroleum Refinery, David Bird, has explained why Nigerian fuel prices are unlikely to…
Nigerian DisCos Generate N2.3tn Revenue in 2025 Despite Persistent Power Outages
Nigeria’s electricity distribution companies (DisCos) generated a combined N2.33 trillion in revenue in 2025, even as millions of consumers continued…
NNPC Posts N385bn Profit as Oil Production Rises to 1.64mbpd
The Nigerian National Petroleum Company Limited reported a profit after tax of N385 billion in January 2026, supported by a…