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Energy
Dangote Refinery and Petrol Prices: 10 Swings in 10 Months Despite Local Supply
Nigeria’s petrol market has experienced dramatic volatility since the Dangote Refinery began supplying fuel in…
Nigeria Targets 2.5 Million Barrels Per Day Oil Output by 2026, Says NUPRC
Nigeria is on track to boost its crude oil output to 2.5 million barrels per day (mbpd) by 2026, according to the…
NNPCL Posts N185bn Profit Despite Debt Burden, Remits N7.9tr to FAAC
The Nigerian National Petroleum Company Limited (NNPCL) reported a profit after tax of ₦185 billion in July 2025,…
Nigeria’s N341tn Oil Reserves Locked in Undeveloped Fields Amid Rising Debt –…
Nigeria is sitting on over 3.5 billion barrels of undeveloped oil and condensate reserves, valued at…
Dangote Refinery Reshapes Global Fuel Trade as European Plants Face Closure Risks
European refiners are facing mounting pressure as Nigeria’s 650,000 barrels per day (bpd) Dangote refinery ramps…
Asia Stocks Flat, Oil Prices Fall Ahead of Fed Meeting as Ukraine Peace Hopes Lift…
Asian shares traded flat on Tuesday while oil prices slipped, as investors turned cautious ahead of the U.S.…
Nigeria to Host Global Gas Investment Forum 2025 in Lagos, Attracting Top Energy…
Nigeria is set to host leading global gas investors and industry executives this October as preparations intensify…
Nigeria Forex Reserves Surpass $40 Billion as Oil Output and Forex Inflows Rise
Nigeria’s Foreign Exchange Reserves Climb Above $40 Billion Mark
Nigeria’s foreign exchange reserves have…
Nigeria Sustains Oil Production Above OPEC Quota for Second Straight Month
Nigeria’s crude oil production exceeded its OPEC quota for the second consecutive month, hitting an average of…
NNPC–Sahara JV, WAGL Energy, Expands LPG Fleet Beyond 160,000 Cubic Meters
WAGL Energy Limited, a joint venture between the Nigerian National Petroleum Company (NNPC) Limited and Sahara…
NLC Urges FG to Sell Crude to Dangote Refinery in Naira, End Foreign Oil…
The Nigerian Labour Congress (NLC) has called on the Federal Government to stop the importation of crude oil for…
Nigeria’s Fuel Consumption Falls 18% to 1.44bn Litres in June – NMDPRA Report
Nigeria’s fuel consumption experienced a significant downturn in June 2025, dropping 18.54% to 1.44 billion litres…
Nigeria’s Petrol Supply Drops to 1.48 Billion Litres in June 2025 – NMDPRA Report
Nigeria’s consumption of Premium Motor Spirit (PMS), commonly known as petrol, fell sharply in June 2025,…
Nigeria’s Fuel Import Dependence Hits 69% in June as Local Refinery Output Remains…
Nigeria’s reliance on imported fuel surged to 69% in June 2025, according to the latest report from the Nigerian…
Dangote Refinery Cuts Petrol Price to N820, Deploys 4,000 CNG Trucks Nationwide
The Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as…
Nigeria Earns N5.21tn from Oil Sales in H1 2025, Faces Revenue Target Pressure…
The Federal Government of Nigeria, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC),…
Marketers Rush to Secure Direct Deals as Dangote Refinery Launches August 15 Fuel…
Petroleum marketers across Nigeria are intensifying negotiations with Dangote Petroleum Refinery Ltd. ahead of its…
Petrol Prices Surge to ₦900/Litre Despite Crude Oil Drop; Marketers Predict…
Petrol prices across parts of Nigeria have surged past ₦900 per litre despite a recent decline in global crude oil…
India Boosts Nigerian Crude Purchases as Dangote Refinery Turns to US Oil Imports
India’s state-owned refineries have increased their purchases of Nigerian crude oil, even as Nigeria’s $20 billion…
Trump’s Secondary Tariffs on Russia’s Oil Buyers Risk Global Market Disruption and…
U.S. President Donald Trump has imposed secondary tariffs targeting countries that import Russian oil, with a 25%…
FG Advances Local Energy Supply Chain to Mitigate Global Disruptions and Boost…
The Federal Government of Nigeria is taking proactive measures to strengthen the country’s local energy supply…
FG Should Have Sold Refineries to Dangote, Says Economist Bismark Rewane;…
Foremost economist and CEO of Financial Derivatives Company (FDC), Mr. Bismark Rewane, has criticized the Federal…
Nigeria’s Oil Output Hits 1.78mbpd in July, Cuts Revenue Deficit as Industry…
Nigeria’s crude oil production rose to 1.78 million barrels per day (mbpd) in July 2025—the highest output…
Nigeria’s Energy Heavyweights to Convene at 2025 Gas Investment Forum to Drive…
Nigeria is set to host the 2025 edition of the Gas Investment Forum (GIF), a pivotal event aimed at boosting…
NNPC Raises Petrol Price to N890/Litre, Surpassing Market Average Amidst…
The Nigerian National Petroleum Company (NNPC) Ltd has increased the pump price of Premium Motor Spirit (PMS),…
Marketers seek unified distribution plan with Dangote Refinery
Oil marketers under the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) are urging the Dangote…
AfDB Commits $503m to Boost Nigeria’s Clean Energy Transition
The African Development Bank (AfDB) has pledged $503 million to support Nigeria’s ongoing energy transition…
NNPC Reaffirms Commitment to Port Harcourt Refinery Rehabilitation, Rules Out Sale
The Nigerian National Petroleum Company Limited (NNPC) has dismissed speculations about selling the Port Harcourt…
FG to Generate ₦796bn Annually from 5% Fuel Surcharge Despite Public Outcry
The Federal Government of Nigeria is set to implement a five per cent surcharge on all refined fossil fuel…
Petroleumprice.ng Launches Nigeria’s First Verified Digital Marketplace for…
A Nigerian oil and gas tech firm, Petroleumprice.ng, has officially launched a first-of-its-kind digital…