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Energy
Oil Prices Slide Below $100 as Trump Pauses Strait of Hormuz Escort Plan Amid…
Crude oil prices extended their decline on Tuesday after U.S. President Donald Trump announced a temporary pause in…
Crude Oil Offtake Stalls in Nigeria as Pricing Gaps Disrupt Local Refinery Supply…
Nigeria’s domestic refining sector is facing a major supply challenge as over 40.2 million barrels of crude…
Nigeria Crude Supply Gap Widens as Refineries Receive Only 36–46% of Allocated Oil…
Nigeria’s domestic crude oil supply chain is under renewed pressure after refineries received only 28.5 million…
NNPC-China Refinery Deal: Marketers Back Equity Partnership to Revive Port…
Fuel marketers in Nigeria have expressed strong support for the Nigerian National Petroleum Company…
NNPC Remits N2.89 Trillion to Federation Account in Q1 2026 as Oil Revenue Surges
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a strong financial performance,…
California Gas Prices Surge Past $6 Per Gallon Amid Oil Supply Crunch
California motorists are facing a sharp spike in fuel costs as gas prices in the state have climbed to an average…
NNPC Signs New China Deal to Revamp Warri and Port Harcourt Refineries in Major…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has taken a fresh step toward reviving Nigeria’s…
Global Oil & Digital Shake-Up: UAE Exit from OPEC, Showmax Shutdown and Key…
This week’s global business landscape is shaping up with major developments across energy, media, and economic…
Seplat Energy Targets Production Boost as Yoho Platform Restart Nears Completion
Seplat Energy Plc is preparing for a major production increase in 2026 as it moves closer to restarting its Yoho…
NERC Shifts Electricity Complaints to State Regulators in 15 States
Nigeria’s power sector is entering a new phase as the Nigerian Electricity Regulatory Commission (NERC) has…
MTN Nigeria Faces N140bn Margin Threat as Diesel Hits N2,000/L, Accelerates Shift…
MTN Nigeria is facing mounting financial pressure as soaring diesel prices, now hovering around N2,000 per…
Global Asset Freeze Hits Nigerian Oil Trader Over $40m Debt Dispute
An English High Court has imposed a sweeping global asset freeze on Nigerian oil trader Abdulrahman Musa…
Nigeria Oil Revenue Windfall: BMI Projects N6.8 Trillion Gain as GDP Growth Hits…
Nigeria is expected to record a significant boost in oil earnings in 2026, with new projections suggesting an…
Big Oil Returns to Canada as Energy Crunch Reshapes Global Supply Chains
After nearly a decade of divestment, major oil companies are once again turning their attention to Canada’s oil and…
Nigeria to Gain FX Windfall as Crude Oil Surges Above $105 Amid Global Tensions
Nigeria is on track to record stronger foreign exchange inflows as global crude oil prices climb above $105 per…
OPEC+ Approves 188,000 bpd Oil Production Increase Amid UAE Exit and Market…
OPEC+ has agreed to increase oil production by 188,000 barrels per day (bpd) starting in June, even as the United…
Jet Fuel Price Drops to N1,820 as Dangote Offers Direct Airline Supply Amid…
The Dangote Petroleum Refinery has announced it will begin direct supply of aviation fuel to airlines in Nigeria at…
Oil Price Surge Adds N5.13 Trillion Windfall to Nigeria’s Revenue, but Fuels…
Nigeria has recorded a major fiscal boost after a sharp rise in global crude oil prices pushed government…
NNPC Completes OB3 River Niger Crossing, Unlocks 2bcf/d Gas Capacity
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the successful completion of the River…
Petrol Nears N1,400/Litre as Dangote Raises Price Amid Global Oil Shock and Middle…
Petrol prices are edging dangerously close to N1,400 per litre across Nigeria as global oil market tensions…
Brent Crude Surges Past $126 Amid Trump’s Iran Strike Consideration, Raising…
Global oil markets rallied sharply on Thursday as Brent crude surged past $126 per barrel, driven by rising…
Africa Must Unite to Unlock Global Solid Minerals Market — Dele Alake
Nigeria’s Minister of Solid Minerals Development, Dele Alake, has called for stronger regional cooperation among…
Brent Oil Surges Above $123 Amid Reports of Possible U.S. Military Action on Iran
Global oil markets rallied sharply on Thursday, with Brent crude rising above $123 per barrel following reports…
Cooking Gas Prices in Nigeria Rise as 5kg Hits N7,655 Amid March 2026 Inflation…
Cooking gas prices in Nigeria recorded another sharp increase in March 2026, placing additional pressure on…
Oil Supply Shock: Strait of Hormuz Closure Triggers Historic Crude Crisis and…
The global oil market is facing what analysts are calling the most severe supply shock in history, after the…
NUPRC Board Resumes Duties, Pledges Oil Sector Reforms Amid Global Energy…
The newly inaugurated board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially resumed…
Inefficient Refineries Should Be Phased Out to Boost Energy Efficiency – Dangote…
The Managing Director and Chief Executive Officer of Dangote Petroleum Refinery, David Bird, has called for the…
NNPC Hikes Oil Prices Amid US-Iran War as Global Crude Surges
Nigeria’s oil sector has seen a sharp shift as the Nigerian National Petroleum Company Limited (NNPC)…
European Stocks Slip as UAE OPEC Exit Clouds Global Oil Supply Outlook
European markets opened slightly lower on Wednesday, as investors reacted to a mix of corporate…
Nigerian Crude Hits $113 as Iran–Hormuz Crisis Drives Global Oil Shock
Nigerian crude oil has surged to its highest levels in recent years, with benchmark grades trading above $113 per…