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Energy
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…
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…
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,…
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…
Petrol Hits N1,400/Litre: NLC, OPS Demand Urgent Government Action Amid Fuel…
The Organised Private Sector (OPS) and the Nigeria Labour Congress (NLC) have urged the Federal Government to act…
NNPC Eyes 100,000 bpd Boost in Nigeria’s Crude Oil Production Amid Global Supply…
Nigeria could soon see a significant boost in crude oil production, with the Nigerian National Petroleum Company…
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…
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…
Dangote Refinery Boosts African Fuel Supply with 456,000-Tonne Export to Ghana,…
The Dangote Petroleum Refinery has marked a major milestone with the export of 12 cargoes of refined petroleum…
Nigeria’s Petrol Import Bill Falls to $10 Billion as Domestic Refining Boosts…
Nigeria’s petrol import bill declined sharply to $10 billion in 2025, down from $14.06 billion in 2024, signaling a…
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…
Nigeria Earns $31.54 Billion from Crude Oil Exports in 2025 Amid Shifting Energy…
Nigeria earned $31.54 billion from crude oil exports in 2025, marking a 14.41% decline from $36.85 billion in 2024,…
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…
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…
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…
Nigeria’s Oil Output Drops to 1.48mbpd in February, Raising Doubts Over 2.5mbpd…
Nigeria’s combined crude oil and condensate production dropped to 1.48 million barrels per day (mbpd) in February…
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…
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…
Oil Prices Surge to $100 Amid Strait of Hormuz Tensions as Trump Criticizes NATO…
Global oil markets were thrown into fresh uncertainty on Tuesday as crude prices hovered near $100 per barrel,…
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…
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…
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…
Dangote Secures $4.2B Gas Deal with China’s GCL to Power Ethiopia Fertiliser…
Dangote Industries Limited (DIL) has finalized a landmark $4.2 billion, 25-year natural gas supply agreement with…
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…
Fuel Price Surge: 129,000MT Petrol, Diesel Vessels Arrive Nigeria Amid Import…
As Nigerians grapple with a sharp petrol price surge, fresh supplies of fuel are arriving the country’s shores. No…
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,…
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…
NUPRC Enforces “Drill or Drop” Rule, Boosting Investor Confidence in Nigeria’s…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially ended the era of oil companies holding…
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…
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…