Proposed Crude Swap Could Save Nigerian Refiners Up to $329m
Nigeria’s domestic refineries could have saved as much as $328.8m in the first half of 2026 if the proposed crude…
Category: Energy
$25bn Nigeria-Morocco Gas Pipeline Faces Fresh Delays Amid Growing Concerns
The much-anticipated Nigeria-Morocco Gas Pipeline is facing fresh concerns over delays, with the more than $25 billion project yet to…
Japan’s Oil Crisis Eases, but Soaring Import Costs Keep Economy Under Pressure
Japan’s oil crisis may be showing signs of easing, but the country is still paying a heavy economic price for…
Nigeria’s Renewable Energy Push Could Deepen Inequality, Study Warns
Nigeria’s ambitious push toward renewable energy could be creating a new wave of inequality in the communities meant to benefit…
Fresh Petrol and Diesel Cargoes Arrive as Nigeria’s Fuel Supply Improves
Fresh supplies of petrol and diesel are arriving at major coastal terminals in Lagos and Warri, offering a potential boost…
Nigeria Exports N306bn Worth of Jet A1 to Europe and West Africa as Global Fuel Market Shifts
Nigeria has exported about 245,000 tonnes of Jet A1 aviation fuel valued at N306 billion ($223 million) to destinations across…
Dangote Refinery Puts Foreign Listing on Hold as $5 Billion Nigerian IPO Takes Centre Stage
Dangote Petroleum Refinery has ruled out pursuing an overseas stock market listing for at least the next three years, choosing…
Nigeria’s $50bn Offshore Oil Investment Push Puts Security in the Spotlight
Nigeria’s ambitious plan to attract between $30 billion and $50 billion in offshore oil and gas investments by 2030 is…
NNPC Says Deep Offshore Tax Order Could Unlock $50bn Investment
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has welcomed the Federal Government’s new Deep Offshore Oil and Gas Projects…
Tinubu Vows to Revive Nigeria’s Refineries, Demands Profitable Operations
President Bola Tinubu has renewed his administration’s commitment to reviving Nigeria’s long-idle state-owned refineries, but made it clear that simply…
Nigeria’s Oil Production Falls 4% as Hormuz Tensions Raise Fresh Energy Concerns
Nigeria’s oil production slipped by four per cent month-on-month in July, highlighting fresh challenges for the country’s fragile production recovery…
AFC Leads $2.5bn Dangote Refinery Equity Raise as Capacity Target Rises to 1.4m bpd
Africa Finance Corporation (AFC) has led a group of strategic investors in a major $2.5 billion equity raise for Dangote…
Nigeria LNG Targets Growth as Train 7 and New Gas Deals Boost Expansion Plans
Nigeria LNG Limited (NLNG) is looking beyond its recent revenue dip as the gas giant prepares for what could be…
Nigeria’s Crude Supply Dispute Deepens as Dangote Refinery and NUPRC Clash Over Oil Prices
Nigeria’s long-running dispute over crude oil supplies to the Dangote Refinery has taken a new turn, with the country’s upstream…
West Africa Could Unlock $3tn Energy Market by 2035 Through Regional Integration — Expert
West Africa could build a $3tn cumulative energy market by 2035 if the region’s 16 countries move away from fragmented…
Nigeria Targets Fresh Capital to Close $200 Billion Gas Infrastructure Gap
Nigeria is intensifying efforts to attract private and international funding into its gas sector as the country faces an estimated…
Nigeria’s Crude Oil Output Stays Above 1.5 Million bpd Despite July Dip
Nigeria’s crude oil production remained above the 1.5 million barrels per day (bpd) mark for the third consecutive month in…
Brent tops $88 as US, Iran near possible deal
Brent crude oil climbed above $88 per barrel on Tuesday as fresh diplomatic signals raised hopes that the United States…
Russia Turns to Indian Fuel as Refinery Crisis Deepens
Russia has turned to India for gasoline as pressure on its domestic fuel supply intensifies, highlighting the growing impact of…
West Africa Seeks New Fuel Pricing System to Reduce Foreign Market Influence
West Africa may be moving closer to a major shift in how petroleum products are priced, as the Nigerian Midstream…
Nigeria Rewrites Deepwater Rules, Targets $50bn Fresh Oil Investment
Nigeria is making a major push to revive its deepwater oil industry, introducing a new rules-based incentive framework designed to…
Nigeria, West Africa Push for Unified Energy Market to Shield Region From Global Price Shocks
Nigeria and other West African countries are stepping up efforts to create a more integrated regional energy market, with regulators…
FG Pushes for West African Fuel Price Benchmark as Europe’s Crises Drive Market Concerns
The Federal Government has called for a West African fuel price benchmark that reflects the region’s own market realities, arguing…
Nigeria’s Oil and Gas Sector Gets Fresh Boost as Stakeholders See Brighter Future
Nigeria’s oil and gas sector may be entering a new chapter as regulators, industry operators and investors point to recent…
53.7 Million Barrels of Crude Oil Supplied to Nigerian Refineries in Q2 2026
Nigeria’s domestic refining sector received a major boost in the second quarter of 2026, as 53.7 million barrels of crude…
China’s ‘Teapot’ Refineries Set to Boost Iranian Oil Purchases as Stockpiles Fall
China’s independent oil refiners, widely known as “teapots,” could be preparing to make a major return to the Iranian crude…
Nigeria Targets Full Local Crude Refining by 2030 as Dangote Refinery Expands
Nigeria is moving toward a major shift in its oil industry, with plans to refine all of its crude oil…
Oil Prices Surge as Hopes for Strait of Hormuz Deal Fade
Oil prices extended their sharp rally on Tuesday as hopes of a quick resolution to the crisis around the Strait…
Dangote Refinery Challenges NUPRC Over 15.5m Barrels of Crude Oil
A fresh dispute has emerged between the Dangote Petroleum Refinery and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) over crude…
Fuel Subsidy Could Have Sent Naira to ₦3,500/$, NRS Chairman Says
Nigeria’s fuel subsidy could have ballooned to about ₦53 trillion and pushed the naira exchange rate to around ₦3,500 per…