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Energy
FG Power Sector Debt to Hit N6.4 Trillion by 2025, Threatening National…
The Federal Government’s indebtedness to power generation companies (GENCOs) is projected to reach N6.4 trillion by…
Nigeria’s Crude Oil Exports Reach N37.7 Trillion in First Nine Months of 2025
Nigeria’s crude oil exports surged to N37.7 trillion in the first nine months of 2025, according to the Q3 2025…
NNPCL Confident of Achieving 2.06 Million BPD Oil Production Target in 2026
The Nigerian National Petroleum Company Limited (NNPCL) has expressed optimism that its 2.06 million barrels per…
Tinubu Nominates New NUPRC, NMDPRA Heads After Resignations
According to Bayo Onanuga via his X (formerly Twitter) account, President Bola Ahmed Tinubu has asked the Senate to…
FG to Launch ₦1.23 Trillion Power Sector Bond to Clear GENCOs’ Debt and Restore…
The Federal Government of Nigeria has concluded plans to launch a ₦1.23 trillion Power Sector Bond as part of a…
Fuel Prices Remain Above N800 in Lagos Despite Dangote Refinery Cuts
Fuel prices in Lagos and other parts of Nigeria have begun to show slight reductions following a significant cut in…
Dangote’s N739 Petrol Price Fails to Launch as Rift with NMDPRA Escalates
Consumers across Lagos and other states were left frustrated yesterday as the N739 per litre petrol price announced…
Nigeria’s Crude Oil Exports Hit N37.7 Trillion in Nine Months, Driving FX…
Nigeria’s crude oil exports surged to N37.7 trillion in the first nine months of 2025, according to the latest…
Nigeria Spends N8.64 Trillion on Imported Boilers, Machinery, and Appliances in…
Nigeria has spent a staggering N8.64 trillion on imported boilers, machinery, and appliances in the first nine…
Dangote Petrol Price War: How Nigeria’s Fuel Market Faces a Brutal Downstream…
Nigeria’s downstream petroleum sector is in the grip of a fierce price war following Dangote Petroleum Refinery’s…
Idle NNPC Refineries Drive Nigeria’s Petrol Imports Despite Dangote Output
Nigeria’s dependence on imported petrol deepened in November as marketers blamed the continued dormancy of…
World Bank Warns Rising Air Conditioner Use Could Strain Nigeria’s Power Grids
The World Bank has raised concerns over the rising use of air conditioners in Nigeria and other developing…
Petrol Price War Escalates as Dangote Accuses NMDPRA Chief of $5m School Fees…
Nigeria’s intensifying petrol price war took a dramatic turn on Sunday as Aliko Dangote, President of the Dangote…
Dangote Sets New Petrol Pump Price at ₦739 per Litre, Targets Nationwide Cut
The Dangote Petroleum Refinery has announced a new petrol pump price of ₦739 per litre, a move expected to bring…
Nigeria’s Fuel Import Bill Hits N1.28 Trillion in Q3 2025 Amid Rising Domestic…
Nigeria spent a staggering N1.28 trillion on fuel imports in the third quarter of 2025, according to data released…
Nigeria Issues First Gas Trading Licence to Boost Market Transparency and…
Nigeria has taken a major step to modernize its domestic gas market by issuing the country’s first Gas Trading…
SEC Calls on Banks to Mobilize Capital for Nigeria’s Gas Trading Revolution
The Securities and Exchange Commission (SEC) has called on Nigerian banks, insurers, and asset managers to mobilize…
Nigeria’s Oil Output Rises by 35,000 bpd in November as Production Recovery…
Nigeria recorded one of its strongest month-on-month production boosts in 2025, as crude output climbed to 1.436…
Dangote Refinery Receives Second Ghana Crude Shipment as Maintenance Cuts Intake
The Dangote Petroleum Refinery has received its second crude oil shipment from Ghana, strengthening its shift…
FG Captures N4tn Power Sector Bond in MTEF to Boost Investor Confidence
The Federal Government has announced that the newly launched N4tn power sector liquidity bond, designed to settle…
Dangote Refinery Boosts Petrol Supply by 38% Amid Rising Imports
Nigeria’s domestic petrol supply saw a significant boost in November 2025, with the Dangote Refinery contributing…
Nigeria’s Petrol Consumption Drops to 52.9 Million Litres in November Amid Rising…
Nigeria’s petrol consumption declined to 52.9 million litres per day in November, signaling a slight slowdown in…
Nigeria Sees Petrol Import Surge as NNPC Leads 1.56bn-Litre Supply Rebound in…
Nigeria’s petrol supply landscape shifted sharply in November as the Nigerian National Petroleum Company Limited…
Heirs Energies, NNPC Partner to Monetise 180mmscf/d of Flared Gas by 2026
Heirs Energies and the Nigerian National Petroleum Company Limited (NNPC) have signed landmark agreements with five…
Esso E&P Reaffirms Commitment to Nigeria’s Energy Security Amid Policy Shifts
Esso Exploration and Production Nigeria Deepwater Limited (Esso E&P), an affiliate of ExxonMobil Corporation,…
NUPRC Launches 2025 Petroleum Licensing Round with Signature Bonuses from $3M to…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled the rules for its highly anticipated…
Bonny Light Oil Prices Settle at $65 Amid Global Oversupply Concerns
Nigeria’s flagship crude, Bonny Light, stabilized at $65 per barrel following a sharp decline in global oil prices,…
NNPC Sets 36-Year Production Record as Nigeria’s Upstream Revival Gains Momentum
The Nigerian National Petroleum Company (NNPC) has achieved a historic milestone, recording its highest crude oil…
FG Launches N590bn Bond to Begin Repayment of N4tn Power Sector Debt
The Federal Government has officially begun tackling the long-standing N4tn debt owed to power generation companies…
NNPC Receives $185 Million and N14.9 Billion from Frontier Exploration Fund –…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that the Nigerian National Petroleum…