FG Plans to Bridge N9tn Budget Gap with Oil Windfall and $6bn Loans
The Federal Government has requested the National Assembly’s approval for a N9.09tn increase to the 2026 budget, signaling a major…
Category: Energy
NNPC Increases Crude Supply to Dangote Refinery to Seven Cargoes Amid Rising Fuel Prices
The Nigerian National Petroleum Company Limited (NNPC) has announced an increase in crude oil allocations to the Dangote Petroleum Refinery,…
Oil Prices Hover Around $100 Amid Trump Iran Exit Comments and Middle East Tensions
Crude oil prices swung wildly around the $100 mark on Wednesday as investors reacted to U.S. President Donald Trump’s comments…
Nigerian Crude Soars in March as Bonny Light Commands Premium Amid Geopolitical Tensions
Nigerian crude oil marked its strongest monthly performance in March, climbing nearly 58% and approaching $120 per barrel at the…
Nigeria’s Gas Wealth Attracts Europe Amid Supply Crisis, But Infrastructure Gaps Slow Response
European energy markets are under pressure as supply disruptions from Qatar force countries like Belgium, Italy, and Poland to urgently…
Nigeria’s Oil Sector in Crisis: Urgent Reforms Needed Before Wells Run Dry
For decades, Nigeria’s oil sector has been the backbone of the nation’s economy, funding government budgets and providing much of…
Nigeria Targets 12 BCF Daily Gas Output Amid Energy Expansion Push
Nigeria is ramping up its natural gas production as part of an ambitious strategy to position the resource at the…
Nigeria’s Solar Panel Imports Surge Amid Persistent Power Outages
Nigeria’s imports of solar panels from Asia have surged, with the fourth quarter alone recording a total of N100.83 billion,…
Nigeria Can Boost Oil Production by 100,000 bpd in Months – NNPC CEO
Nigeria has the potential to increase its oil production by about 100,000 barrels per day in the next few months,…
Over $100 Billion Lost to Oil and Gas Price Spikes Amid Iran War: 350.org Warns of Global Economic Fallout
Just one month into the Iran war, ordinary people around the world are already paying an extraordinary price for fossil…
OPL 245 Transparency: Civil Society Groups Demand Full Disclosure of Shell, Eni, NNPC Deal
Civil society organisations in Nigeria are calling for full transparency over the recent reported agreement on the controversial OPL 245…
BOI’s N825 Million Green Fund Cuts Costs and Boosts Industrial Output in Nigeria
Small and large businesses across Nigeria are experiencing lower production costs and improved operational efficiency, thanks to the Bank of…
ZEN Petroleum IPO Fully Subscribed: $640M Listing to Boost Ghana Stock Exchange Presence
ZEN Petroleum Holdings PLC is set to make a major impact on the Ghana Stock Exchange (GSE) after securing a…
Rising Oil Prices Hit Nigerians Hard as Post-Subsidy Economy Faces Test
Nigeria is feeling the full impact of rising global oil prices, with no fuel subsidy to soften the blow. Since…
FG Targets 5.2 Million Nigerians with Electricity Connections Under $750M World Bank Loan
The Federal Government of Nigeria is ramping up efforts to expand electricity access, aiming to connect 5.2 million Nigerians by…
US Cuts Nigerian Crude Imports by Nearly 50% in January 2026: What It Means for Oil Trade
The United States sharply reduced its imports of Nigerian crude oil in January 2026, marking a nearly 50% drop compared…
European Markets Fall as Iran War Escalation Rattles Global Investors
European markets started the week on a cautious note, slipping into negative territory on Monday as investors reacted to the…
Petrol Price in Nigeria Remains High Despite Dangote Cut as Global Oil Tensions Rise
Despite a recent price reduction by the Dangote Petroleum Refinery, petrol price in Nigeria has remained stubbornly high, with marketers…
Zelensky Urges EU to Confiscate Russian Oil and Block Shadow Fleet Ships
Ukrainian President Volodymyr Zelensky on Thursday urged European countries to take stronger measures against Russia’s so-called “shadow fleet,” calling for…
Tinubu Expands CNG Initiative to Include Electric Vehicles, Boosting Nigeria’s Clean Mobility
President Bola Tinubu has approved a major expansion of the Presidential Initiative on Compressed Natural Gas (PiCNG) to now include…
NNPC/Seplat JV Transforms Lives with ‘Eye Can See’ Free Eye Care Programme in Imo
The NNPC/Seplat Joint Venture (JV) has made a remarkable impact on the health and well-being of residents in Imo State…
Nigeria’s Power Sector Reforms Attract $2 Billion Investment, Liabilities Slashed to N146 Billion
Nigeria’s ongoing power sector reforms are yielding tangible results, attracting $2 billion in fresh investment and cutting government liabilities to…
Dangote Refinery Cuts Petrol Price to N1,200 Amid Global Oil Market Volatility
Dangote Petroleum Refinery has announced a significant reduction in its ex-gantry petrol price, bringing it down to N1,200 per litre,…
Oil Prices Surge Past $100 Amid Middle East Tensions and Supply Disruptions
Oil prices rebounded sharply on Thursday, recovering from a brief dip as fading hopes for a swift end to the…
NNPC says Nigeria is attracting more buyers for LNG cargoes
Nigeria is witnessing a surge in interest for its liquefied natural gas (LNG) cargoes as global energy disruptions create new…
Nigeria Fast-Tracks Idle Oil Wells as NUPRC Approves PEL No. 5 for SeaSeis Partnership
Nigeria is fast-tracking efforts to boost its oil production as crude prices hover near $100 a barrel. The Nigerian Upstream…
$6B Funding Gap Threatens Nigeria’s Oil Output Surge and Crude Supply to Dangote Refinery
Nigeria’s ambition to rapidly increase oil production could be hampered by a staggering $6 billion capital shortfall, industry experts have…
Dangote Refinery Receives Only 5 Crude Cargos Monthly Amid Crude-for-Naira Shortfall
The Chief Executive Officer of the Dangote Refinery, David Bird, has raised alarms over a significant shortfall in crude oil…
Nigeria LNG Demand Surges as Middle East War Disrupts Global Energy Supply
Nigeria is witnessing a significant increase in demand for its liquefied natural gas (LNG), as global buyers rush to secure…
Middle East Crisis Pushes Brent Oil Above $100: Nigerians Face Rising Fuel Costs
The ongoing crisis in the Middle East continues to push global energy prices higher, with Brent crude oil surging past…