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Energy
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…
Nigeria Earns N5.21tn from Oil Sales in H1 2025, Faces Revenue Target Pressure…
The Federal Government of Nigeria, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC),…
Marketers Rush to Secure Direct Deals as Dangote Refinery Launches August 15 Fuel…
Petroleum marketers across Nigeria are intensifying negotiations with Dangote Petroleum Refinery Ltd. ahead of its…
Petrol Prices Surge to ₦900/Litre Despite Crude Oil Drop; Marketers Predict…
Petrol prices across parts of Nigeria have surged past ₦900 per litre despite a recent decline in global crude oil…
India Boosts Nigerian Crude Purchases as Dangote Refinery Turns to US Oil Imports
India’s state-owned refineries have increased their purchases of Nigerian crude oil, even as Nigeria’s $20 billion…
Trump’s Secondary Tariffs on Russia’s Oil Buyers Risk Global Market Disruption and…
U.S. President Donald Trump has imposed secondary tariffs targeting countries that import Russian oil, with a 25%…
FG Advances Local Energy Supply Chain to Mitigate Global Disruptions and Boost…
The Federal Government of Nigeria is taking proactive measures to strengthen the country’s local energy supply…
FG Should Have Sold Refineries to Dangote, Says Economist Bismark Rewane;…
Foremost economist and CEO of Financial Derivatives Company (FDC), Mr. Bismark Rewane, has criticized the Federal…
Nigeria’s Oil Output Hits 1.78mbpd in July, Cuts Revenue Deficit as Industry…
Nigeria’s crude oil production rose to 1.78 million barrels per day (mbpd) in July 2025—the highest output…
Nigeria’s Energy Heavyweights to Convene at 2025 Gas Investment Forum to Drive…
Nigeria is set to host the 2025 edition of the Gas Investment Forum (GIF), a pivotal event aimed at boosting…
NNPC Raises Petrol Price to N890/Litre, Surpassing Market Average Amidst…
The Nigerian National Petroleum Company (NNPC) Ltd has increased the pump price of Premium Motor Spirit (PMS),…
Marketers seek unified distribution plan with Dangote Refinery
Oil marketers under the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) are urging the Dangote…
AfDB Commits $503m to Boost Nigeria’s Clean Energy Transition
The African Development Bank (AfDB) has pledged $503 million to support Nigeria’s ongoing energy transition…
NNPC Reaffirms Commitment to Port Harcourt Refinery Rehabilitation, Rules Out Sale
The Nigerian National Petroleum Company Limited (NNPC) has dismissed speculations about selling the Port Harcourt…
FG to Generate ₦796bn Annually from 5% Fuel Surcharge Despite Public Outcry
The Federal Government of Nigeria is set to implement a five per cent surcharge on all refined fossil fuel…
Petroleumprice.ng Launches Nigeria’s First Verified Digital Marketplace for…
A Nigerian oil and gas tech firm, Petroleumprice.ng, has officially launched a first-of-its-kind digital…
Dangote Refinery Withdraws ₦100bn Lawsuit Against NNPC, Marketers Amid Industry…
Dangote Petroleum Refinery and Petrochemicals has abruptly withdrawn its ₦100 billion lawsuit against several key…
Replicate Naira-for-Crude Success Across Sectors, Says Dangote
Aliko Dangote has called on the Federal Government to expand the Naira-for-Crude policy beyond oil, hailing the…
Nigeria Becomes Net Importer of U.S. Crude Amid Dangote Refinery Surge
For the first time in history, Nigeria imported more crude oil from the United States than it exported, reversing…
Dangote Refinery Drives Record U.S. Crude Oil Exports to Nigeria
For the first time in history, the United States became a net exporter of crude oil to Nigeria in February and…
Dangote Refinery Imports 10 Million Barrels of Crude Monthly Amid High Costs,…
Aliko Dangote, President/CEO of Dangote Industries, revealed that the Dangote Refinery imports between 9 to 10…
Dangote Accuses Global Oil Traders of Sabotaging Africa’s Refinery Growth
Aliko Dangote, Africa’s richest man and President of Dangote Industries, has raised alarm over what he describes…
China Breaks Ground on World’s Largest Dam in Tibet, Raising Alarms in India and…
China has officially started construction on what will become the world’s largest hydropower dam, the Motuo…
US Imports $1.34 Billion Nigerian Crude Despite Tariffs, but Trade Surplus Turns…
Despite a wave of protectionist trade measures from the U.S., Nigeria remained America’s top African crude oil…