Category: Energy

Esso Exploration and Production Nigeria Deepwater Limited (Esso E&P), an affiliate of ExxonMobil Corporation, has reiterated its commitment to bolstering…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled the rules for its highly anticipated 2025 petroleum licensing round, introducing…

Nigeria’s flagship crude, Bonny Light, stabilized at $65 per barrel following a sharp decline in global oil prices, marking the…

The Nigerian National Petroleum Company (NNPC) has achieved a historic milestone, recording its highest crude oil production in 36 years.…

The Federal Government has officially begun tackling the long-standing N4tn debt owed to power generation companies (GenCos) with the rollout…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that the Nigerian National Petroleum Company Limited (NNPC Ltd) has received…

Petrol prices in Nigeria have started trending downward, offering some relief to consumers facing rising energy costs. Industry experts attribute…

The Federal Government has significantly reduced the financial entry barrier for oil investors as the 2025 licensing round begins. According…

Chevron Nigeria is ramping up its deepwater oil production in a strategic effort to expand growth opportunities across the country.…

Nigeria’s average retail diesel price rose sharply in October 2025, climbing 9.45 percent month-on-month to N1,398.57 per litre, according to…

Nigeria’s domestic gas market has posted a major boost this year, with sales rising by 19 per cent to hit…

The Federal Government (FG) has taken a major step to stabilize Nigeria’s energy sector by approving the payment of N185…

Seplat Energy Producing Nigeria Unlimited (SEPNU) has strengthened its commitment to community development by empowering 49 youths from the Niger…

The African Petroleum Regulators Forum (AFRIPERF) has officially chosen Nigeria as its headquarters, signaling the country’s growing influence in Africa’s…

Nigeria is set to lease 50 oil blocks to investors in a bid to raise $10 billion and increase oil…

The Federal Government has announced a $100 million equity investment scheme to strengthen the capacity of Nigerian companies operating in…

Nigerian crude oil prices climbed above the $65 per barrel mark on Monday, driven by growing geopolitical tensions and supply…

Nigeria is taking bold steps to strengthen its local oil and gas industry with the launch of a $100 million…

TotalEnergies has agreed to sell a 40% stake in its Nigerian offshore assets to Chevron, signaling a strategic reshuffle in…

Aliko Dangote, President and CEO of Dangote Industries Limited, has called for an immediate end to Nigeria’s fuel imports, asserting…

As the Nigerian National Petroleum Company Limited (NNPCL) weighs the future of the country’s refineries, energy experts are urging the…

The Organisation of the Petroleum Exporting Countries (OPEC) has confirmed that Nigeria’s crude oil production quota will remain at 1.5…

Dangote Petroleum Refinery has confirmed it will supply 1.5 billion litres of Premium Motor Spirit (PMS) monthly, equivalent to 50…

The Nigerian National Petroleum Company Limited (NNPCL) is grappling with a staggering N8.07tn in crude-backed loan obligations, according to its…

Nigeria’s oil refining sector continues to struggle with low utilisation despite having a combined installed capacity of 1.125 million barrels…

Nigeria’s fuel security weakened in October after the Dangote Petroleum Refinery supplied only a fraction of the nation’s petrol needs,…

The Nigerian National Petroleum Company Limited (NNPC) increased its investment in the country’s three non-operational refineries to N2.92 trillion in…