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Energy
CNG Price Surges to N450/SCM as FG Reduces Subsidies Amid Long Queues
The cost of Compressed Natural Gas (CNG) has sharply risen to N450 per standard cubic metre (SCM) as the Federal…
Dangote Refinery Makes Historic First Gasoline Export to U.S., Expands Global…
Nigeria’s Dangote Refinery has marked a significant milestone by exporting its first gasoline shipment to the…
Nigeria Strengthens Renewable Energy Drive with Local and International…
Nigeria is stepping up its renewable energy ambitions with stronger collaborations between local firms and…
Nigeria’s power sector reforms fail where telecom triumphs
When Nigeria embarked on economic liberalisation in the late 1990s and early 2000s, the telecommunications…
Nigeria Signs Deepwater Oil Deal with TotalEnergies to Boost Production and Energy…
Nigeria has formalized a major deepwater oil agreement with French energy giant TotalEnergies and local partner…
Dangote Refinery Boosts Fuel Exports Amid Middle East Refinery Shutdowns
The $20 billion Dangote Petroleum Refinery has ramped up exports of petrol, aviation fuel, and diesel as…
Nigeria’s Gas Flaring Drops to 7.16% in July 2025 as Gas Production Hits 7.59…
Nigeria recorded a significant energy milestone in July 2025 as gas flaring fell to 7.16%, even as daily gas…
Dangote Refinery Sources Ghana Crude Amid Production Questions, RFCC Unit…
Nigeria’s Dangote Refinery has, for the first time, imported crude oil from Ghana, signaling a shift toward…
Non-Oil Sector Drives Nigeria’s Tax Revenue to N17.4trn in Seven Months, Hits…
Nigeria’s diversification efforts are yielding results as the non-oil sector powered tax revenues to N17.4…
Nigeria Faces 18.9% Oil Production Deficit, Missing 2025 Budget Target by 82.5…
Seven months into the 2025 fiscal year, Nigeria’s crude oil output has fallen short of projections by 82.46…
13% Derivation Fund Helps Oil-Producing States Slash Domestic Debt by N611bn…
Oil-producing states in Nigeria have cut their combined domestic debt by about N610.84bn between June 2023 and…
Nigeria’s Oil Production Hits Six-Month High at 1.5m bpd, Surpasses OPEC Quota…
Nigeria’s crude oil production climbed to its highest level in six months in July, marking a strong rebound after…
Dangote Refinery Fuel Rollout Stalled as FG, Marketers Clash Over CNG Logistics…
The planned nationwide rollout of petroleum products by Dangote Petroleum Refinery has hit a major setback…
Tinubu Secures Petrobras’ Return to Nigeria, Signs Landmark Nigeria–Brazil Trade…
President Bola Tinubu has announced the imminent return of Brazil’s state-owned oil giant Petrobras to Nigeria,…
Dangote Refinery Receives 1,000 CNG Trucks, Fuel Distribution to Begin in…
The Dangote Petroleum Refinery is set to launch its direct fuel distribution scheme in the coming weeks as 1,000…
Dangote Refinery and Petrol Prices: 10 Swings in 10 Months Despite Local Supply
Nigeria’s petrol market has experienced dramatic volatility since the Dangote Refinery began supplying fuel in…
Nigeria Targets 2.5 Million Barrels Per Day Oil Output by 2026, Says NUPRC
Nigeria is on track to boost its crude oil output to 2.5 million barrels per day (mbpd) by 2026, according to the…
NNPCL Posts N185bn Profit Despite Debt Burden, Remits N7.9tr to FAAC
The Nigerian National Petroleum Company Limited (NNPCL) reported a profit after tax of ₦185 billion in July 2025,…
Nigeria’s N341tn Oil Reserves Locked in Undeveloped Fields Amid Rising Debt –…
Nigeria is sitting on over 3.5 billion barrels of undeveloped oil and condensate reserves, valued at…
Dangote Refinery Reshapes Global Fuel Trade as European Plants Face Closure Risks
European refiners are facing mounting pressure as Nigeria’s 650,000 barrels per day (bpd) Dangote refinery ramps…
Asia Stocks Flat, Oil Prices Fall Ahead of Fed Meeting as Ukraine Peace Hopes Lift…
Asian shares traded flat on Tuesday while oil prices slipped, as investors turned cautious ahead of the U.S.…
Nigeria to Host Global Gas Investment Forum 2025 in Lagos, Attracting Top Energy…
Nigeria is set to host leading global gas investors and industry executives this October as preparations intensify…
Nigeria Forex Reserves Surpass $40 Billion as Oil Output and Forex Inflows Rise
Nigeria’s Foreign Exchange Reserves Climb Above $40 Billion Mark
Nigeria’s foreign exchange reserves have…
Nigeria Sustains Oil Production Above OPEC Quota for Second Straight Month
Nigeria’s crude oil production exceeded its OPEC quota for the second consecutive month, hitting an average of…
NNPC–Sahara JV, WAGL Energy, Expands LPG Fleet Beyond 160,000 Cubic Meters
WAGL Energy Limited, a joint venture between the Nigerian National Petroleum Company (NNPC) Limited and Sahara…
NLC Urges FG to Sell Crude to Dangote Refinery in Naira, End Foreign Oil…
The Nigerian Labour Congress (NLC) has called on the Federal Government to stop the importation of crude oil for…
Nigeria’s Fuel Consumption Falls 18% to 1.44bn Litres in June – NMDPRA Report
Nigeria’s fuel consumption experienced a significant downturn in June 2025, dropping 18.54% to 1.44 billion litres…
Nigeria’s Petrol Supply Drops to 1.48 Billion Litres in June 2025 – NMDPRA Report
Nigeria’s consumption of Premium Motor Spirit (PMS), commonly known as petrol, fell sharply in June 2025,…
Nigeria’s Fuel Import Dependence Hits 69% in June as Local Refinery Output Remains…
Nigeria’s reliance on imported fuel surged to 69% in June 2025, according to the latest report from the Nigerian…
Dangote Refinery Cuts Petrol Price to N820, Deploys 4,000 CNG Trucks Nationwide
The Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as…