Price War Deepens as Petrol Prices Crash by N100 Amid Dangote Refinery Push
Nigeria’s downstream oil sector has entered a fierce petrol price war, as filling stations slash pump prices by as much…
Category: Energy
Dangote Launches ₦739/Litre Petrol Nationwide at MRS Stations
Dangote Petroleum Refinery has begun nationwide sales of Premium Motor Spirit (PMS) at a pump price of ₦739 per litre…
2025 Nigeria Budget Hit Hard as Oil Revenue Falls 62% Below Target
Nigeria’s 2025 federal budget has suffered a significant setback as oil and gas revenues fell 62.2% below the prorated target…
Senate Screens Tinubu’s Nominees as Nigeria Petroleum Regulatory Reforms Gain Momentum
Nigeria’s push for stronger oil and gas governance took a significant step forward on Thursday as the Senate commenced the…
Dangote Refinery Partnership Set to Reduce Petrol Prices, IPMAN Confirms
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged its members nationwide to prioritize purchasing Premium Motor Spirit (PMS)…
Global Oil Oversupply Leaves Nigerian Crude Unsold as Dangote Refinery Turns to Imports
Nigerian crude oil sellers are facing mounting pressure in the global market as oversupply continues to dampen demand, leaving millions…
FG Power Sector Debt to Hit N6.4 Trillion by 2025, Threatening National Electricity Supply
The Federal Government’s indebtedness to power generation companies (GENCOs) is projected to reach N6.4 trillion by the end of 2025,…
Nigeria’s Crude Oil Exports Reach N37.7 Trillion in First Nine Months of 2025
Nigeria’s crude oil exports surged to N37.7 trillion in the first nine months of 2025, according to the Q3 2025…
NNPCL Confident of Achieving 2.06 Million BPD Oil Production Target in 2026
The Nigerian National Petroleum Company Limited (NNPCL) has expressed optimism that its 2.06 million barrels per day (bpd) crude oil…
Tinubu Nominates New NUPRC, NMDPRA Heads After Resignations
According to Bayo Onanuga via his X (formerly Twitter) account, President Bola Ahmed Tinubu has asked the Senate to approve…
FG to Launch ₦1.23 Trillion Power Sector Bond to Clear GENCOs’ Debt and Restore Market Confidence
The Federal Government of Nigeria has concluded plans to launch a ₦1.23 trillion Power Sector Bond as part of a…
Fuel Prices Remain Above N800 in Lagos Despite Dangote Refinery Cuts
Fuel prices in Lagos and other parts of Nigeria have begun to show slight reductions following a significant cut in…
Dangote’s N739 Petrol Price Fails to Launch as Rift with NMDPRA Escalates
Consumers across Lagos and other states were left frustrated yesterday as the N739 per litre petrol price announced by Dangote…
Nigeria’s Crude Oil Exports Hit N37.7 Trillion in Nine Months, Driving FX Stability
Nigeria’s crude oil exports surged to N37.7 trillion in the first nine months of 2025, according to the latest Foreign…
Nigeria Spends N8.64 Trillion on Imported Boilers, Machinery, and Appliances in 2025
Nigeria has spent a staggering N8.64 trillion on imported boilers, machinery, and appliances in the first nine months of 2025,…
Dangote Petrol Price War: How Nigeria’s Fuel Market Faces a Brutal Downstream Shake-Up
Nigeria’s downstream petroleum sector is in the grip of a fierce price war following Dangote Petroleum Refinery’s dramatic cut in…
Idle NNPC Refineries Drive Nigeria’s Petrol Imports Despite Dangote Output
Nigeria’s dependence on imported petrol deepened in November as marketers blamed the continued dormancy of government-owned refineries for the surge…
World Bank Warns Rising Air Conditioner Use Could Strain Nigeria’s Power Grids
The World Bank has raised concerns over the rising use of air conditioners in Nigeria and other developing countries, warning…
Petrol Price War Escalates as Dangote Accuses NMDPRA Chief of $5m School Fees Scandal
Nigeria’s intensifying petrol price war took a dramatic turn on Sunday as Aliko Dangote, President of the Dangote Group, publicly…
Dangote Sets New Petrol Pump Price at ₦739 per Litre, Targets Nationwide Cut
The Dangote Petroleum Refinery has announced a new petrol pump price of ₦739 per litre, a move expected to bring…
Nigeria’s Fuel Import Bill Hits N1.28 Trillion in Q3 2025 Amid Rising Domestic Refining Hopes
Nigeria spent a staggering N1.28 trillion on fuel imports in the third quarter of 2025, according to data released by…
Nigeria Issues First Gas Trading Licence to Boost Market Transparency and Liquidity
Nigeria has taken a major step to modernize its domestic gas market by issuing the country’s first Gas Trading Licence…
SEC Calls on Banks to Mobilize Capital for Nigeria’s Gas Trading Revolution
The Securities and Exchange Commission (SEC) has called on Nigerian banks, insurers, and asset managers to mobilize capital to strengthen…
Nigeria’s Oil Output Rises by 35,000 bpd in November as Production Recovery Strengthens
Nigeria recorded one of its strongest month-on-month production boosts in 2025, as crude output climbed to 1.436 million barrels per…
Dangote Refinery Receives Second Ghana Crude Shipment as Maintenance Cuts Intake
The Dangote Petroleum Refinery has received its second crude oil shipment from Ghana, strengthening its shift toward West African feedstocks…
FG Captures N4tn Power Sector Bond in MTEF to Boost Investor Confidence
The Federal Government has announced that the newly launched N4tn power sector liquidity bond, designed to settle long-standing debts owed…
Dangote Refinery Boosts Petrol Supply by 38% Amid Rising Imports
Nigeria’s domestic petrol supply saw a significant boost in November 2025, with the Dangote Refinery contributing 23.52 million litres per…
Nigeria’s Petrol Consumption Drops to 52.9 Million Litres in November Amid Rising Local Refinery Output
Nigeria’s petrol consumption declined to 52.9 million litres per day in November, signaling a slight slowdown in fuel demand across…
Nigeria Sees Petrol Import Surge as NNPC Leads 1.56bn-Litre Supply Rebound in November
Nigeria’s petrol supply landscape shifted sharply in November as the Nigerian National Petroleum Company Limited resumed large-scale importation of petrol,…
Heirs Energies, NNPC Partner to Monetise 180mmscf/d of Flared Gas by 2026
Heirs Energies and the Nigerian National Petroleum Company Limited (NNPC) have signed landmark agreements with five approved investors to capture…