FG, Dangote Refinery Meet Marketers Over Fair PMS Pricing as Fuel Costs Remain High
The Federal Government has intensified efforts to ensure fair pricing of Premium Motor Spirit (PMS),…
Category: Energy
OPEC+ Approves Fresh Oil Output Increase for August as Global Supply Recovery Gains Momentum
The OPEC+ alliance has approved another 188,000 barrels per day (bpd) increase in oil production…
Nigeria, 8 others account for 83% of global gas flaring worth $54bn –World Bank
Nigeria has been named among nine countries responsible for more than 83 percent of global…
NNPC Begins Evaluation of Chinese Refinery Partnership to Revive Port Harcourt and Warri Plants
The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced a detailed evaluation of its…
Dangote Refinery Overtakes US in Europe’s Jet Fuel Market with N757bn Export Surge
Nigeria’s growing influence in the global energy market received another major boost as the Dangote…
Nigeria’s 2026 Budget Under Threat as Citi Forecasts Brent Crude to Fall to $60 per Barrel
Nigeria’s 2026 budget may face significant pressure following a new forecast by global financial giant…
UAE Oil Pricing Strategy Shifts Toward Dubai Benchmark to Strengthen Grip on Asian Markets
The United Arab Emirates is making a bold move to strengthen its foothold in Asia’s…
Shell, Nigerian Banks Launch $3bn Oil Contractor Finance Scheme to Boost Local Content
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has joined forces with nine major Nigerian…
Dangote Refinery Slashes Fuel Prices Again as Nigerians Brace for More Relief at the Pumps
Dangote Petroleum Refinery has announced another reduction in the price of Premium Motor Spirit (PMS),…
Arahas Global Appoints Folake Soetan to Drive Oilfield Services Transformation Across Africa
Arahas Global Oilfield Services has appointed renowned energy executive Folake Soetan as its new Managing…
NNPC Revenue Drops by N636bn Despite Stable Oil Production as Profit Declines in May
Nigeria’s national oil company, the Nigerian National Petroleum Company Limited (NNPC), recorded a significant decline…
Dangote Targets 2.1 Million BPD Refining Capacity as Congo Energy Partnership Talks Gather Momentum
Africa’s industrialisation drive received a major boost as the Dangote Group unveiled plans to increase…
Dangote Refinery Turns to UAE Crude as Nigeria’s Supply Crisis Deepens
Nigeria’s ongoing crude oil supply challenges have come under fresh scrutiny following Dangote Petroleum Refinery’s…
Fuel Pricing Reform Takes Center Stage as FG Moves to Protect Nigerians from Unfair Petrol Costs
The Federal Government has announced fresh efforts to address growing concerns over fuel pricing in…
Nigeria’s Oil Windfall Has an Expiry Date as Experts Warn of Looming Revenue Risks
Nigeria’s recent surge in oil revenue may appear to signal a stronger economic outlook, but…
Nigeria Gas Flaring Rises 8% as Global Waste of Natural Gas Hits Six-Year High
Global gas flaring surged to its highest level in six years in 2025, with Nigeria…
FG Orders Fuel Marketers to Cut Petrol Prices as Crude Oil Costs Fall
The Federal Government has directed petroleum marketers to reduce the pump price of petrol in…
Marketers To NNPC: Expedite Action On MoU With Chinese Firms
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Nigerian National Petroleum…
Seplat Energy Wins Double Capital Market Awards, Strengthening Investor Confidence
Seplat Energy Plc has reinforced its reputation as one of Nigeria’s leading energy companies after…
AI Powering a New Era in Nigeria’s Electricity Sector, Says NDPHC Boss
Artificial Intelligence (AI) and Machine Learning (ML) are rapidly reshaping Nigeria’s electricity industry, with the…
Nigeria Earns N20.2tn from Crude Oil Exports in Five Months Despite Lower Shipment Volumes
Nigeria’s crude oil export earnings surged to an estimated N20.22 trillion in the first five…
FCCPC Warns Fuel Marketers as High Petrol Prices Persist Despite Falling Crude Oil Prices
Nigeria’s consumer protection watchdog, the Federal Competition and Consumer Protection Commission (FCCPC), has raised fresh…
Apex African Gas Expands Capacity to 110 Tons Daily with N10 Billion Lagos Plant Investment
Apex African Gas Nigeria Limited has taken a major step in strengthening Nigeria’s industrial gas…
Dangote Slashes Petrol Price by N50 as Falling Crude Oil Prices Raise Hopes for Cheaper Fuel
Nigeria’s fuel market received a fresh boost on Thursday as Dangote Petroleum Refinery announced a…
Nigeria Surpasses OPEC Quota as Energy Marketers Push for Increased Oil Investment
Nigeria’s recent success in exceeding its Organisation of Petroleum Exporting Countries (OPEC) oil production quota…
El Niño Threatens Nigeria’s Power Supply as Hydropower Generation Faces Major Setback
Nigeria’s electricity sector could be heading toward another period of instability as climate experts warn…
Trump Targets Exxon, Chevron, Shell, and BP as Gas Price Probe Intensifies
President Donald Trump has escalated pressure on some of the world’s largest oil companies, accusing…
Oil price falls to levels not seen since before Iran war
Global oil prices have fallen to levels not seen since before the Iran conflict began,…
Dangote Refinery Rejects Togo Fuel Re-Import Claims, Calls Allegations Misleading
Nigeria’s largest refinery, Dangote Petroleum Refinery and Petrochemicals, has strongly denied reports suggesting that fuel…
Fuel Import Licences Issued as FG Moves to Prevent Petrol Shortages in Q3 2026
The Federal Government has issued fresh fuel import licences to major petroleum marketers as part…