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Energy
Nigeria-Morocco $25bn Gas Pipeline Deal Set for Signing as Landmark Africa Energy…
Nigeria and Morocco are moving closer to sealing a major energy agreement as both countries prepare to sign a $25…
NNPC Records N15.4 Trillion Revenue Growth in 2025 as Profit Hits N5.76 Trillion…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has recorded a major financial breakthrough in 2025,…
Fuel Subsidy Would Have Cost Nigeria N52 Trillion in 2026 – Zacch Adedeji
The Executive Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, has revealed that Nigeria would have…
Nigeria Urged to Maximise $11.3m AfDB Renewable Energy Fund Through Mini-Grids and…
Nigeria has been advised to take full advantage of the $11.3 million African Development Bank (AfDB) renewable…
Nigeria Crude Oil Production Hits 1.84 Million Barrels Per Day as Output Recovery…
Nigeria’s crude oil production has recorded a significant rebound, reaching a peak of 1.84 million barrels…
Power Subsidy Hits N418.79bn as Nigeria’s Electricity Sector Records Over N300bn…
Nigeria’s electricity sector faced mounting financial pressure in the fourth quarter of 2025, as the Federal…
FG Moves for Cheaper Funding as Global Tensions Push Inflation, Oil Prices Higher
The Federal Government has announced plans to pursue cheaper funding and stronger international financial support…
Africa Risks Delay in $113bn Energy and Port Projects as Gulf Investment Review…
Africa’s ambitious push to expand its infrastructure and energy capacity may be facing a new setback as…
Dangote Refinery Becomes Net Exporter as Nigeria Boosts Oil Exports in March
In a historic shift for Nigeria’s energy sector, the Dangote Petroleum Refinery & Petrochemicals recorded a…
Dangote Refinery IPO Set to Raise $5bn in Historic African Listing
Nigeria is on the brink of a landmark financial moment as Aliko Dangote moves forward with plans to list the…
Nigeria Fuel Prices, Inflation Rise as Oil Nears $100+ Amid Strait of Hormuz…
Nigeria’s economy is once again under pressure as global crude oil prices edge toward the $100-per-barrel…
Electricity Generation Rises to 4,300MW as FG Credits Gas Supply Boost and Sector…
The Federal Government has announced an improvement in Nigeria’s electricity generation, which increased from 3,951…
NUPRC Unveils Digital Reforms to Boost Oil Production and Attract Investment in…
Nigeria’s upstream oil and gas sector is set for a major transformation as the Nigerian Upstream Petroleum…
World Bank Fuel Import Recommendation Sparks Backlash in Nigeria as Expert Cites…
An energy economist, Ken Ife, has strongly criticised the World Bank’s recommendation that Nigeria should deepen…
Crude Oil Prices Jump 7% After U.S. Navy Strait of Hormuz Blockade Order Sparks…
Global crude oil prices surged sharply on Monday, April 13, rising by more than 7% after the United States…
European Markets Fall as Middle East Tensions Spike, Travel Stocks Hit Hard
European markets began the week on a cautious note, slipping into negative territory as investors reacted to…
Oil Shock Exposes Nigeria’s Import Trap as Local Tech Manufacturing Gains Urgency
Nigeria is once again feeling the ripple effects of global instability after crude oil prices surged above $100 per…
Ghana to Cut Fuel Taxes and Levies to Ease Rising Pump Prices Amid Global Energy…
Ghana has announced a major policy shift aimed at easing pressure on consumers, as the government moves to remove…
Fuel Price Hike in Nigeria: TUC Proposes Crude Subsidy for Local Refineries to…
The Trade Union Congress (TUC) of Nigeria has called on the federal government to intervene in the rising cost of…
NNPC Pushes AI Adoption, Targets $34bn Investment Pipeline to Cut Oil Production…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has revealed a major push toward artificial intelligence…
PIA reforms drive over $10bn upstream oil investment in Nigeria – NUPRC
The implementation of the Petroleum Industry Act (PIA) and sweeping regulatory reforms have triggered a…
Nigeria Oil Output Hits 1.84mbpd as Lawmakers Back Pipeline Surveillance Contracts
Nigeria’s crude oil production has climbed sharply to 1.84 million barrels per day (bpd) in 2025, marking a…
NNPC Pushes AI Adoption to Boost Nigeria’s Oil Output to 3mbpd
The Nigerian National Petroleum Company Limited (NNPC) is accelerating the adoption of artificial intelligence (AI)…
Nigeria’s Crude Oil Output Hits 1.84 Million BPD as Pipeline Security Improves
Nigeria’s crude oil production has surged from a historic low of 960,000 barrels per day (bpd) in 2022 to an…
Strategic Partnerships Urged Between Host Communities and Oil Companies to Boost…
Stakeholders in Nigeria’s oil sector are advocating for stronger strategic partnerships between host communities,…
African Development Bank Launches $20 Million Green Hydrogen Funding to Boost…
The African Development Bank (AfDB) has announced a $20 million funding initiative aimed at accelerating green…
Dangote Cuts Petrol Prices to N1,200 After Global Crude Oil Drop
In a surprising reversal, the Dangote Petroleum Refinery & Petrochemicals has cut the ex-gantry price of…
World Bank Flags Fiscal Risks in Nigeria’s N4tn Power Sector Bond
The World Bank has raised concerns over Nigeria’s N4tn bond programme designed to settle long-standing debts owed…
Oil Prices Plunge 14% to $94 Amid US-Iran Ceasefire: Impact on Nigeria’s Bonny…
Nigeria’s Bonny Light crude has tumbled by 14.2%, falling to $94.41 per barrel from $110 per barrel, following the…
Petrol Price Drop Expected in Nigeria as Global Oil Prices Crash 15%
Nigerian motorists may finally get some relief at the pumps as global crude oil prices recorded a sharp decline,…