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Energy
Global Clean Energy Investment Drops 17% as China Pullback Weighs on Market
Global clean energy investment fell 17% in the first half of 2026, with a sharp pullback in China emerging as the…
Reps Probe N432bn Oil Firms Debt to NMDPRA, Demand Accountability
The House of Representatives Public Accounts Committee (PAC) has commenced an investigation into N432.07 billion…
OPEC+ Keeps Saudi Arabia, Russia Oil Output Unchanged for October
Saudi Arabia, Russia and five other major oil producers have agreed to maintain their September 2026 oil production…
Oil Prices Cross $100 as US-Iran Conflict Deepens, Raising Nigeria’s Revenue Hopes
Global oil prices have surged above $100 per barrel for the first time since late July as intensifying military…
Crude Oil Hits $100: Nigerian Marketers Warn of Fresh Petrol Price Hike
International crude oil prices have crossed the $100-per-barrel mark, raising fresh concerns that Nigerian…
NNPC Disowns Fuel Truck Found With 2,145kg Cannabis in Ondo
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has distanced itself from a fuel truck intercepted in…
Rising Oil Prices Put China’s Independent Refiners Under Pressure
China’s independent refiners could be heading for a difficult period as rising international oil prices and…
Local Petrol Maintains N46 Price Advantage Over Imports as Dangote Refinery Cuts…
Locally refined petrol has maintained a price advantage over imported Premium Motor Spirit (PMS), with industry…
OPEC Maintains September Oil Production Levels for October 2026
The Organisation of the Petroleum Exporting Countries (OPEC) and its allies have agreed to maintain their September…
OPEC+ Pauses Oil Output Hikes After Four Straight Monthly Increases
OPEC+ has paused its recent oil production increases, keeping output levels unchanged for October 2026 after four…
Nigerians Pay N1.2trn for Electricity in Six Months as DisCos’ June Revenue Drops
Electricity consumers across Nigeria paid about N1.2 trillion for power consumed between January and June 2026,…
NNPC Profit Falls 47.9% to N279bn as July Revenue Drops to N3.09trn
The Nigerian National Petroleum Company Limited (NNPCL) recorded a sharp decline in profitability in July 2026, as…
Crude Oil Price Hits $96.98 as Nigerian Marketers Review Petrol Pump Prices
Crude oil prices are edging closer to the $100 per barrel mark, with Brent crude rising to $96.98 per barrel on…
Kenya, Dangote Plan 1,000MW LNG Power Plant as Tanzania Gas Emerges as Key Supply…
Kenya and Africa’s richest man, Aliko Dangote, are exploring a major 1,000-megawatt LNG power project linked to the…
Nigerians Spend N11.3tn on Petrol in Seven Months as Consumption Drops
Nigerians spent a staggering N11.3tn on petrol between January and July 2026, even as the volume of fuel consumed…
Dangote Refinery IPO to Open Within 12 Days, Could Raise $5 Billion
The long-awaited Dangote Refinery IPO could open within the next 10 to 12 days, as Africa’s largest oil refinery…
Nigeria, IEA Sign Deal to Strengthen Energy Data, Attract More Investment
Nigeria has taken another step towards improving its energy sector after signing a Joint Work Programme with the…
UK Set to Approve Jackdaw Gas Field as Energy Costs Surge
The United Kingdom is reportedly preparing to approve the development of the Jackdaw gas field in the North Sea as…
OB3 Pipeline Ready for First Gas as AKK Reaches 95% Completion – NNPC
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced major progress on two of Nigeria’s key gas…
Nigeria Imports 245m Litres of Diesel as Modular Refineries Struggle to Meet…
Nigeria imported 244.9 million litres of diesel in July 2026 as modular refineries struggled to significantly…
Dangote Says Tinubu Reforms Are Driving Refinery Growth, Investor Confidence
Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, has linked the growing…
World Bank Backs Nigeria’s Electricity Tariff, Subsidy Reforms to Fix Power Sector
The World Bank has thrown its weight behind Nigeria’s electricity tariff and subsidy reforms, saying the changes…
OPEC+ Likely to Keep October Oil Output Unchanged as Iran War Disrupts Supply
OPEC+ is expected to keep its oil production policy unchanged for October as disruptions linked to the Iran war…
UAE Energy Firm Moves to Acquire 90% Stake in Azura Power
Abu Dhabi-based energy infrastructure platform ePointZero is set to acquire a 90 percent stake in Azura Power…
Nigeria’s Power Reforms Could Strengthen Energy Security, Attract Investment —…
Nigeria’s ongoing power sector reforms could offer a blueprint for developing economies seeking to strengthen…
NNPC Profit Falls 47.9% to N279 Billion in July as Oil, Gas Output Drops
The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a sharp decline in profitability in July 2026,…
Hormuz Shipping Traffic Slumps as U.S.-Iran Strikes Send Oil Prices Higher
The Strait of Hormuz shipping traffic has dropped sharply as escalating tensions between the United States and Iran…
Electricity Subsidy Bill Hits N1.92trn in 2025 as FG Absorbs Tariff Gap — NERC
Nigeria’s electricity subsidy bill climbed to N1.928 trillion in 2025, as the Federal Government continued to…
Gas Group Targets NGX Listing as It Unveils Major Energy Expansion Plan
Gas Group Plc is preparing to list its existing ordinary shares on the main board of the Nigerian Exchange Limited…
Brent Crude Surges Above $90 as US-Iran Conflict Threatens Global Oil Supplies
Brent crude prices surged above $90 per barrel on Monday as renewed military attacks between the United States and…