Browsing Category
Energy
Dangote Targets $50bn Valuation for Refinery Ahead of Landmark Pan-African Stock…
Nigeria’s richest man, Aliko Dangote, is setting an ambitious target for his flagship energy project, as the…
Nigeria Oil and Gas Sector Expansion: FG, Investors Push Offshore Growth, Refining…
Nigeria’s oil and gas sector expansion took center stage as President Bola Tinubu and top government officials…
Nigeria exported 485 million barrels of crude oil in 2025 amid rising refinery…
Nigeria exported about 485.44 million barrels of crude oil in 2025, representing roughly 82% of its total…
Oil Prices Surge Past $105 as Middle East Crisis Deepens Over Iran–US Standoff
Global oil prices climbed sharply on Monday as renewed tensions between the United States and Iran raised fears of…
Aliko Dangote Eyes East Africa Refinery, Demands Strong Anti-Dumping Laws
Aliko Dangote has revealed that any plan to build a major refinery in East Africa will depend heavily on the…
NNPC Clarifies China Refinery Deal: No Fresh Spending on Port Harcourt, Warri…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has clarified that its recently signed agreement…
Nigeria Receives 164,000MT Imported Fuel Amid Fresh Petrol Import Licences and…
Nigeria has recorded the arrival of about 164,000 metric tonnes of imported petroleum products, as new cargo…
$7 Billion in Perfectly Timed Oil Trades Spark Insider Trading Investigation Fears
A wave of unusually well-timed oil trades totaling around $7 billion has triggered growing concerns over possible…
US Imports $578.78m Worth of Nigerian Crude in Q1 2026 as Demand Slips
The United States imported $578.78 million worth of crude oil from Nigeria in the first quarter of…
Nigeria’s Power Crisis Deepens Despite 300% Tariff Hike as Consumers Pay More for…
Two years after Nigeria introduced the controversial Band A electricity tariff system, many consumers say they are…
Dangote Targets 20,000MW Power Expansion as He Pushes Bold Industrial Drive Across…
Africa’s richest industrialist, Aliko Dangote, has announced an ambitious plan to enter the power sector with a…
NUPENG Backs NNPC, Urges Transparency in Warri, Port Harcourt Refinery Revival MoU
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has expressed strong support for the efforts of…
Lagos Estates Face Soaring Electricity Costs as Poor Grid Supply Forces Heavy…
Residents of gated housing estates across Lagos are experiencing a sharp rise in electricity costs, with monthly…
Iran Cuts Oil Output Amid Storage Crisis as Geopolitical Tensions Shake Global Oil…
Iran has begun reducing its oil production as its storage facilities near full capacity, following a sharp slowdown…
U.S. Oil Export Surge Under Scrutiny as Gas Prices Jump Across All 50 States
The United States is facing growing scrutiny over its rising oil and fuel exports as gasoline prices climb sharply…
Oil Prices Drop 11% as US–Iran Peace Deal Nears, Easing Global Supply Fears
Global oil prices experienced a sharp decline on Wednesday as Brent crude dropped about 11 percent, slipping below…
Dangote Refinery Exports Over 57 Million Barrels of Jet Fuel as Global Demand…
Dangote Petroleum Refinery has exported an estimated 57 million barrels of jet fuel between April 2024 and April…
Nigeria DisCos Revenue Drops to N196bn in February 2026 Amid Power Supply Decline
Nigeria’s electricity distribution companies (DisCos) recorded a total revenue of N196 billion in February 2026,…
Dangote Refinery Reverses Petrol Price Hike, Returns Ex-Depot Rate to N1,275 per…
The Dangote Petroleum Refinery has reversed its earlier decision to increase the ex-depot price of Premium Motor…
Oil Prices Plunge Nearly 10% on US-Iran Deal Hopes as Global Markets Rally
Oil prices fell sharply on Wednesday, dropping close to 10%, as investors reacted to growing optimism that the…
Oil Prices Slide Below $100 as Trump Pauses Strait of Hormuz Escort Plan Amid…
Crude oil prices extended their decline on Tuesday after U.S. President Donald Trump announced a temporary pause in…
Crude Oil Offtake Stalls in Nigeria as Pricing Gaps Disrupt Local Refinery Supply…
Nigeria’s domestic refining sector is facing a major supply challenge as over 40.2 million barrels of crude…
Nigeria Crude Supply Gap Widens as Refineries Receive Only 36–46% of Allocated Oil…
Nigeria’s domestic crude oil supply chain is under renewed pressure after refineries received only 28.5 million…
NNPC-China Refinery Deal: Marketers Back Equity Partnership to Revive Port…
Fuel marketers in Nigeria have expressed strong support for the Nigerian National Petroleum Company…
NNPC Remits N2.89 Trillion to Federation Account in Q1 2026 as Oil Revenue Surges
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a strong financial performance,…
California Gas Prices Surge Past $6 Per Gallon Amid Oil Supply Crunch
California motorists are facing a sharp spike in fuel costs as gas prices in the state have climbed to an average…
NNPC Signs New China Deal to Revamp Warri and Port Harcourt Refineries in Major…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has taken a fresh step toward reviving Nigeria’s…
Global Oil & Digital Shake-Up: UAE Exit from OPEC, Showmax Shutdown and Key…
This week’s global business landscape is shaping up with major developments across energy, media, and economic…
Seplat Energy Targets Production Boost as Yoho Platform Restart Nears Completion
Seplat Energy Plc is preparing for a major production increase in 2026 as it moves closer to restarting its Yoho…
NERC Shifts Electricity Complaints to State Regulators in 15 States
Nigeria’s power sector is entering a new phase as the Nigerian Electricity Regulatory Commission (NERC) has…