Nigeria Underperforms OPEC Oil Quota for Sixth Straight Month Despite January Output Increase
Nigeria has once again fallen short of its crude oil production target set by the Organisation of the Petroleum Exporting…
Real Time Financial News Website
Nigeria has once again fallen short of its crude oil production target set by the Organisation of the Petroleum Exporting…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has issued a power dip warning following the planned shutdown of a…
Africa’s energy sector could reach new heights if countries across the continent work together, according to Felix Ogbe, Executive Secretary…
Nigeria’s crude oil production rose to 1.459 million barrels per day (bpd) in January 2026, reinforcing its position as Africa’s…
Dangote Petroleum Refinery and Petrochemicals has taken delivery of approximately 250,000 metric tonnes of crude oil and intermediate feedstocks at…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has emphasised that shared gas infrastructure in Africa is vital to unlocking…
The Dangote Petroleum Refinery has officially reached its full nameplate capacity of 650,000 barrels per day (bpd), marking a historic…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on global investors to seize opportunities in its 2025 oil and…
Crude oil prices surged toward $70 per barrel this week, climbing from $67 last week, as escalating tensions between the…
Dangote Petroleum Refinery has announced a significant reduction in its petrol prices, slashing the gantry price of Premium Motor Spirit…
Dangote Petroleum Refinery has reduced its petrol price by N25 per litre, lowering the ex-depot rate from N799 to N774…
Nigeria’s top-grade Bonny Light crude traded at $68.8 per barrel on Tuesday, marking a notable decline amid rising geopolitical tensions…
Petroleum marketers in Nigeria have expressed renewed optimism following indications from the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) that…
London-based startup Tem is tackling one of the modern energy sector’s biggest challenges: rising electricity costs driven by AI data…
Dangote Refinery has firmly rejected claims that it imports finished petrol into Nigeria, describing the narrative as false and driven…
Dangote Petroleum Refinery has firmly denied reports suggesting it imports finished Premium Motor Spirit (PMS) into Nigeria, describing the claims…
Nigeria may need as much as $22 billion in new investments to develop critical gas pipeline infrastructure under the Nigerian…
Nigeria’s state-owned refineries have struggled for decades because successive managers prioritized financing and engineering contracts over the actual running of…
The Federal Government (FG) has renewed its focus on strengthening Nigeria’s gas-to-power sector as part of a broader strategy to…
Petrol prices have dropped across parts of the Lagos–Ibadan Expressway as filling stations intensify competition to retain customers, offering lower…
As Nigeria observes Gas Day at NIES 2026, energy regulators and government officials are calling for decisive action to turn…
Kenya is making a bold push to rejuvenate its upstream oil and gas sector in 2026, aiming to attract fresh…
A consortium of Nigerian downstream oil marketers has formally petitioned the Federal Competition and Consumer Protection Commission (FCCPC), urging the…
Ghana is exploring ways to secure a more affordable fuel supply from Nigeria, leveraging the country’s growing position as a…
Dangote Petroleum Refinery has warned that continued dependence on coastal logistics for fuel distribution could drive petrol pump prices as…
Nigeria is making significant strides in reducing its dependence on imported petroleum products, thanks to sweeping reforms in the downstream…
Sahara Group has once again underscored its dedication to Africa’s energy future at the 2026 Nigeria International Energy Summit (NIES)…
Aradel Holdings has announced a record-breaking profit of N401 billion for 2025, marking a 54.9% increase from the previous year.…
Nigeria’s transition to renewable energy is gaining momentum, but experts warn that the country’s clean energy ambitions could be at…
For the first time in seven decades, Nigerian indigenous oil companies have overtaken international giants in national oil production, now…