Nigeria Needs $100bn Investment to Achieve Reliable Electricity, Says FG
Nigeria requires more than $100 billion in investments across its power sector to ensure a reliable, round-the-clock electricity supply, the…
Category: Energy
NNPC to Increase Oil Production by 100,000 BPD Amid Global Energy Pressures
Nigeria’s state oil company, the Nigerian National Petroleum Company Limited (NNPC), is set to increase its oil output by approximately…
Petrol Hits N1,400/Litre: NLC, OPS Demand Urgent Government Action Amid Fuel Crisis
The Organised Private Sector (OPS) and the Nigeria Labour Congress (NLC) have urged the Federal Government to act immediately as…
NNPC Eyes 100,000 bpd Boost in Nigeria’s Crude Oil Production Amid Global Supply Tensions
Nigeria could soon see a significant boost in crude oil production, with the Nigerian National Petroleum Company Limited (NNPC Ltd)…
Dangote LPG Price Hike Pushes Cooking Gas to N1,000/kg in Nigeria
The cost of cooking gas in Nigeria is climbing again, raising fresh concerns for households already dealing with rising living…
Dangote Refinery Threatens Fuel Export Amid Fresh Petrol Import Licences
Nigeria’s energy landscape faces a potential shake-up as the Dangote Petroleum Refinery considers exporting all its petrol, diesel, and jet…
Dangote Refinery Boosts African Fuel Supply with 456,000-Tonne Export to Ghana, Togo, and More
The Dangote Petroleum Refinery has marked a major milestone with the export of 12 cargoes of refined petroleum products, totaling…
Nigeria’s Petrol Import Bill Falls to $10 Billion as Domestic Refining Boosts Energy Self-Sufficiency
Nigeria’s petrol import bill declined sharply to $10 billion in 2025, down from $14.06 billion in 2024, signaling a major…
Nigerian DisCos Record N2.4 Trillion Loss Amid Worsening Electricity Blackouts
Nigeria’s electricity distribution companies (DisCos) have reported combined losses of N2.349 trillion over the past two years, worsening the nation’s…
Nigeria Earns $31.54 Billion from Crude Oil Exports in 2025 Amid Shifting Energy Landscape
Nigeria earned $31.54 billion from crude oil exports in 2025, marking a 14.41% decline from $36.85 billion in 2024, according…
Dangote Refinery Exports Fuel Across Africa Amid Supply Crisis
Nigeria’s Dangote Petroleum Refinery is rapidly reshaping Africa’s energy landscape after exporting 12 cargoes of refined petroleum products totaling 456,000…
Oil Prices Surge Above $119 as Nigeria’s Petrol Price Hits N1,200 per Litre
Global oil prices jumped sharply on Thursday, with Brent crude climbing above $119 per barrel, as escalating tensions in the…
Middle East Crisis Threatens Africa’s Fuel Supply Chain
Africa’s fuel supply is coming under serious pressure as escalating tensions in the Middle East disrupt critical import routes, leaving…
Nigeria’s Oil Output Drops to 1.48mbpd in February, Raising Doubts Over 2.5mbpd Target
Nigeria’s combined crude oil and condensate production dropped to 1.48 million barrels per day (mbpd) in February 2026, down sharply…
Refineries spend N5.7tn on foreign oil despite naira-for-crude policy
Nigeria, Africa’s largest crude oil producer, imported crude oil worth a staggering N5.734 trillion in 2025, even as domestic refineries…
Middle East Tensions Disrupt Fuel Supply to Nigeria, Africa Faces Shortage Risk
Escalating tensions in the Middle East are beginning to ripple across global energy markets, with Nigeria and several African nations…
Oil Prices Surge to $100 Amid Strait of Hormuz Tensions as Trump Criticizes NATO Allies
Global oil markets were thrown into fresh uncertainty on Tuesday as crude prices hovered near $100 per barrel, driven by…
Dangote Refinery, Marketers Partner to Strengthen Fuel Supply in Nigeria
Nigeria’s fuel supply outlook received a boost as the Dangote Petroleum Refinery partnered with major marketers to ensure steady nationwide…
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…
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…