Tinubu Secures $20bn Shell Investment for Nigeria’s Energy Sector
Nigeria’s President Bola Tinubu has successfully reinforced the country’s investment appeal, welcoming Shell Plc’s CEO, Wael Sawan, to the Presidential…
Category: Energy
Pipeline Infrastructure Ltd Pledges Support for Nigeria’s 2.5 Million BPD Crude Output Target
Pipeline Infrastructure Nigeria Limited (PINL), the private security company responsible for monitoring the Eastern Corridor of the Trans Niger Pipeline…
Dangote Refinery Becomes Key Player in Global Fuel Market Amid Europe and U.S. Plant Shutdowns
Africa’s richest man, Aliko Dangote, is positioning his Lagos-based mega-refinery as a critical player in the global fuel market. As…
Oil prices hold above Nigeria’s $64.85 budget amid Middle East tensions
Global oil prices remained firm on Monday, trading above Nigeria’s 2026 budget benchmark of $64.85 per barrel, as supply disruptions…
Dangote Refinery Switches to Lighter Crude as Cracker Downtime Slows Ramp-Up
The Dangote Petroleum Refinery has switched to processing lighter crude oil as it works to limit production disruptions caused by…
Tony Elumelu Joins Seplat Energy Board Following $496 Million Stake Acquisition
Seplat Energy Plc has announced the appointment of prominent Nigerian entrepreneur and philanthropist Tony Elumelu as a Non-Executive Director on…
Shell’s $5 Billion Bonga Southwest Project Gets Presidential Approval to Boost Jobs and Investment
President Bola Tinubu has given the green light for targeted incentives to finally unlock Shell’s long-delayed $5 billion Bonga South-West…
Nigeria’s Oil Industry in 2025: Investment, Reforms, and Rising Production
Nigeria’s oil and gas sector experienced a transformative 2025, marked by policy reforms, strategic acquisitions, and renewed investment. The year…
World Bank Backs $50 Million Solar Farming Expansion to Boost Nigeria’s Agriculture
The World Bank has approved $50 million to scale solar-powered agricultural solutions in Nigeria and five other African nations, aiming…
Nigeria’s Cooking Gas Imports Drop to 13% as Domestic Production Rises
Nigeria is increasingly relying on local production for its cooking gas needs, with imports falling to just 13% of total…
PETROAN Urges Clear Timeline for Nigeria’s Refineries After $4 Billion Spent
Oil marketers under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have called on the Federal Government and…
Nigeria Produces 554 Million Barrels of Oil in 2025 as Daily Output Hits 1.63 mbpd
Nigeria’s crude oil and condensate production totaled 554.4 million barrels in 2025, according to the Nigerian Upstream Petroleum Regulatory Commission…
Dangote Refinery Gains Global Edge as European, US Refinery Shutdowns Tighten Fuel Markets
The recent closure of refineries across Europe and North America has reshaped global fuel supply, offering Nigeria’s Dangote refinery an…
Yuletide Rush: Nigerians Spent N1.58 Trillion on Petrol in December 2025 — NMDPRA Report
Nigerians spent an estimated N1.58 trillion on petrol in December 2025, highlighting the heavy cost of fuel during the peak…
$16B Post-PIA Investment Spurs Gradual Recovery in Nigeria’s Oil Sector
Nigeria’s oil and gas sector is showing early signs of recovery, driven by regulatory reforms, rising indigenous participation, and renewed…
Global Oil Prices Fall Below Nigeria’s $64.85 Budget Benchmark Amid Oversupply Fears
Global oil prices fell sharply on Wednesday, dipping below Nigeria’s 2026 budget benchmark of $64.85 per barrel, raising concerns over…
Seplat Energy Begins Gas Production at ANOH Project, Boosting Nigeria’s Domestic Gas Supply
Seplat Energy Plc has commenced gas production from its 300 million standard cubic feet per day (MMcfd) Assa North–Ohaji South…
Domestic Refineries Poised to Cut Petrol Imports as Local Capacity Rises in 2026
Domestic oil refiners in Nigeria say the country is on the verge of drastically reducing petrol imports in 2026, as…
Seplat CEO Highlights Critical Role of Oil and Gas in Nigeria’s Energy Mix
Seplat Energy Plc’s Chief Executive Officer, Roger Brown, has reaffirmed that oil and gas will continue to play a key…
Dangote Refinery Signs $350M Deal with EIL to Double Production Capacity
Engineers India Limited (EIL), a leading Indian engineering consultancy firm, has signed a $350 million contract with Dangote Refinery. The…
Dangote Petrol Price Unmatched: No Filling Station Sells Cheaper Than N739
Oil marketers in Nigeria have dismissed reports that some filling stations are selling petrol cheaper than the N739 per litre…
Heirs Energies Boosts Oil Production to 50,000bpd in Five Years, Strengthening Nigeria’s Energy Security
Heirs Energies has announced a major operational milestone, revealing that it has sustainably doubled its oil production from less than…
Dangote Group to Build World’s Largest Single-Site Refinery with $350 Million Expansion
Nigeria’s Dangote Group has taken a major step toward transforming the country into a regional petroleum powerhouse by awarding a…
Nigeria’s US Crude Oil Imports Surge to 42 Million Barrels in 10 Months
Nigeria’s crude oil imports from the United States soared to over 42 million barrels in the first ten months of…
Petrol Imports Still Dominate Nigeria’s Fuel Market Despite Rising Domestic Refining in 2025
In 2025, petrol imports continued to dominate Nigeria’s fuel market, accounting for 62.47% of total Premium Motor Spirit (PMS) consumption,…
Nigeria’s Crude Oil Production Drops to 1.42 Million BPD in December 2025
Nigeria’s crude oil production slipped to 1.422 million barrels per day (bpd) in December 2025, down from 1.436 million bpd…
Nigeria Spends N1.7 Trillion on Petrol as Daily Consumption Hits 63.7 Million Litres
Nigeria’s daily petrol consumption surged to a record 63.7 million litres in December 2025, driving total expenditure on Premium Motor…
Nigeria Imports 1.3 Billion Litres of Petrol Despite Growing Local Refining
Nigeria imported approximately 1.31 billion litres of petrol in December 2025, even as local refining capacity increased, according to the…
Nigeria–China Crude Oil Trade Poised for Growth as Venezuela Supplies Slump
Nigeria’s crude oil trade with China is expected to expand following a sharp decline in Venezuela’s oil exports to the…
Dangote Refinery Ensures Fuel Price Stability as Expansion Plan Targets 1.4 Million Barrels Daily
Dangote Refinery has hit a major milestone, producing 50 million litres of Premium Motor Spirit (PMS) daily, supported by a…