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…
Category: Energy
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…
Dangote Fertiliser Demand Surges as US–Israel–Iran Conflict Disrupts Global Supply
Demand for fertiliser produced by Dangote Industries Limited has surged in recent weeks as the escalating tensions involving the United…
Nigeria LNG Cargo Diverted to Asia Amid Record Gas Price Surge
A shipment of liquefied natural gas (LNG) from Nigeria has been redirected to Asia as soaring regional prices created an…
NNPC Moves to Secure Foreign Crude for Dangote Refinery Amid Rising Petrol Prices in Nigeria
The Nigerian National Petroleum Company Limited (NNPC) has initiated plans to secure crude oil for the Dangote Petroleum Refinery through…
FG Promises Completion of 570MW Alaoji Power Plant by 2027
The Federal Government has assured Nigerians that the 570-megawatt Alaoji Power Plant will be completed by the third quarter of…
Fuel Price Fluctuations in Nigeria Driven by Market Forces, Says NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that the recent fluctuations in fuel pump prices are…
G7 Finance Ministers to Discuss Emergency Oil Release Amid Iran Conflict
The Group of Seven (G7) finance ministers are set to discuss a coordinated release of emergency oil reserves in a…
Iran War Threatens Nigeria’s Economic Recovery: The Fragility of Tinubunomics
As the war between the United States, Israel, and Iran intensifies thousands of kilometres away, Nigeria is already feeling the…
Iraq Oil Production Plummets 70% Amid Strait of Hormuz Shipping Disruptions
Iraq’s oil production has taken a severe hit, dropping by roughly 70% after exports through the strategic Strait of Hormuz…
European Markets Set to Slump as Middle East Tensions Push Oil Prices Above $110
European stock markets are expected to open sharply lower on Monday as escalating tensions in the Middle East push global…
Nigeria’s Power Sector Debt: A Case for Accountability Amidst Audit Disputes
Nigeria’s power sector has long been plagued by structural inefficiencies, weak liquidity and persistent non-performance across the value chain. The…
NNPC Leads Petrol Price Surge in Nigeria Amid Looming Fuel Scarcity
The price of Premium Motor Spirit (PMS), commonly known as petrol, has surged sharply across Nigeria, sparking concerns over a…
Dangote Refinery vs Importers: Petrol Price Debate Amid US-Iran Tensions
Amid escalating tensions in the Middle East, Nigeria is witnessing a sharp debate over petrol prices as the Dangote Petroleum…