NNPCL-Heirs Energies JV Doubles Gas Supply, Boosting Power Generation Across Eastern Nigeria
Nigeria’s domestic gas supply and electricity generation have received a major boost following a landmark development by the NNPCL/Heirs Energies…
Category: Energy
NNPCL’s N17.5tn Pipeline Security Spending Sparks Audit Demands in 2024 Financial Review
Nigeria’s national oil company, the Nigerian National Petroleum Company Limited (NNPCL), has revealed that the Federation owes it an extraordinary…
Dangote Refinery Denies Claims of Exporting Off-Spec Diesel Amid Rising Quality Concerns
Dangote Refinery has firmly denied allegations that it exported off-specification diesel to European markets, following reports that buyers were rejecting…
GenCos Set to Gain Foreign Exchange from West Africa Power Pool Amid Market Shifts
Nigerian power generation companies (GenCos) are poised to reap foreign exchange (FX) benefits through participation in the West Africa Power…
NNPC/Heirs Energies OML 17 Boosts Gas Supply to 135MMscf, Powering Nigeria’s Eastern Network
The NNPC/Heirs Energies OML 17 Joint Venture (JV) has achieved a major breakthrough in Nigeria’s gas sector, doubling its gas…
Dangote Refinery Cuts Nigeria’s Malta Petrol Imports by 60% as Local Supply Surges
Nigeria’s petrol imports from Malta have fallen sharply, dropping by 60 percent in 2024, as the Dangote Petroleum Refinery ramps…
AfDB Approves $500m Loan to Boost Nigeria’s Energy Reforms and Fiscal Stability
The African Development Bank has approved a fresh $500 million loan to support Nigeria’s ongoing economic governance and energy transition…
Oil Prices Rise After One-Month Low Amid Signs of Ukraine-Russia Peace Progress
Oil prices edged higher on Wednesday, rebounding slightly after falling to a one-month low in the previous session, as markets…
Dangote, Honeywell Partner to Boost Refinery Capacity to 1.4m bpd by 2028
The Dangote Petroleum Refinery has taken a major step toward becoming the world’s largest single-location refining complex after sealing a…
Lontor Hi-Tech Invests N1.2B to Drive Sustainable Energy and Smart Living in Nigeria
LONTOR Hi-Tech Development Company has reaffirmed its dedication to sustainable energy and smart living in Nigeria with a landmark N1.2…
Nigerian Geochemist Pushes for Smarter, Sustainable Oil Production with New Scientific Evidence
Nigeria’s efforts to strengthen and modernise its energy sector are receiving a significant boost from new scientific insights, as petroleum…
NNPC Sets June 2026 Deadline to Seal New Refinery Partnerships as Nigeria Targets Global Standards
The Nigerian National Petroleum Company Limited (NNPCL) has set June 2026 as the deadline to select technical partners for its…
Africa’s Solar Potential Underutilized as EU Mobilizes €15.5 Billion for Renewable Energy
Africa is home to 60% of the world’s best solar resources, yet it receives a mere 2% of global energy…
Audit Reveals N61 Billion in Payment Breaches at NNPC Ltd
The Office of the Auditor-General for the Federation has uncovered major financial irregularities at the Nigerian National Petroleum Company Limited…
Nigeria Sees Surge in Petrol Shipments After Government Suspends Import Duty
Nigeria has recorded a significant surge in petrol shipments following the Federal Government’s decision to delay the implementation of a…
Nigeria EV Adoption Divides Experts as Senate Advances Green Mobility Bill
Nigeria’s journey toward electric vehicles (EVs) has taken a major legislative step with the Senate’s advancement of the Electric Vehicle…
Lagos and LCCI Call for Investment in Community-Owned Mini-Grids to Boost Power Access
The Lagos State Government and the Lagos Chamber of Commerce and Industry (LCCI) are pushing for greater investment in Nigeria’s…
FG Oil Revenue Drops by N345 Billion in September Amid Production Shortfalls
Nigeria’s federal government recorded a significant drop in oil revenue in September 2025, with collections from the oil and gas…
TotalEnergies and Conoil Complete Strategic Asset Swap in Nigerian Offshore Blocks
In a strategic move reshaping offshore oil operations in Nigeria, TotalEnergies Marketing Nigeria Plc has signed an asset swap agreement…
Alles Charis Gas Boosts Domestic LPG Supply with New 500MT Depot in Ondo
Alles Charis Gas Limited has taken a significant step in deepening domestic LPG supply in Nigeria by commissioning a 500-metric-tonne…
PENGASSAN Raises Alarm Over Eroding Oil and Gas Retirees’ Pensions
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised concerns over the declining value of pensions…
Nigeria Targets N1.49tn Annual Revenue from West African Electricity Exports
Nigeria is set to earn nearly $1 billion (about N1.49 trillion) annually from electricity exports to 15 West African countries…
TotalEnergies Eyes Nigeria’s 2025 Oil Licensing Round After 2024 Block Wins
French energy giant TotalEnergies has expressed keen interest in participating in Nigeria’s upcoming 2025 oil licensing round, building on its…
Nigeria Surpasses 1.7m Barrels Per Day as Oil Output Rebounds — NUPRC
Nigeria’s oil production has crossed the 1.7 million barrels per day (bpd) mark multiple times in 2025, signaling a strong…
Africa Lags in Global Clean Energy Boom as Renewable Investment Hits $2.4 Trillion
Global investment in renewable energy surged to a record $2.4 trillion in 2024, yet sub-Saharan Africa captured only 2.3% of…
Tamrose Repays $10M Loan, Highlights Success of Nigeria’s Local Content Initiative
Nigeria’s indigenous oil-service company, Tamrose Limited, has drawn widespread praise after fully repaying its $10 million loan from the Nigerian…
Dangote Refinery Slashes Petrol Prices, Says Marketers’ Reductions Followed Its Lead
Dangote Petroleum Refinery has clarified that its recent reduction in petrol gantry and coastal prices prompted the subsequent drop in…
Emadeb E&P Achieves First Oil Production from Ibom Field, Boosting Nigeria’s Energy Future
Emadeb Exploration and Production Company Limited has successfully recorded its first oil production from the Ibom Field (PPL 236), a…
Nigeria Suspends 15% Fuel Import Duty: Marketers Applaud, Experts Warn of Long-Term Risks
The Federal Government’s decision to suspend the 15% import duty on petrol and diesel has sparked a mix of praise…
Nigeria’s U.S. Crude Imports Surge 101% in 2025 Amid Local Refinery Shortfalls
Nigeria’s crude oil imports from the United States skyrocketed in the first eight months of 2025, rising 101% compared to…