Dangote Petrol Price War: How Nigeria’s Fuel Market Faces a Brutal Downstream Shake-Up
Nigeria’s downstream petroleum sector is in the grip of a fierce price war following Dangote Petroleum Refinery’s dramatic cut in…
Category: Energy
Idle NNPC Refineries Drive Nigeria’s Petrol Imports Despite Dangote Output
Nigeria’s dependence on imported petrol deepened in November as marketers blamed the continued dormancy of government-owned refineries for the surge…
World Bank Warns Rising Air Conditioner Use Could Strain Nigeria’s Power Grids
The World Bank has raised concerns over the rising use of air conditioners in Nigeria and other developing countries, warning…
Petrol Price War Escalates as Dangote Accuses NMDPRA Chief of $5m School Fees Scandal
Nigeria’s intensifying petrol price war took a dramatic turn on Sunday as Aliko Dangote, President of the Dangote Group, publicly…
Dangote Sets New Petrol Pump Price at ₦739 per Litre, Targets Nationwide Cut
The Dangote Petroleum Refinery has announced a new petrol pump price of ₦739 per litre, a move expected to bring…
Nigeria’s Fuel Import Bill Hits N1.28 Trillion in Q3 2025 Amid Rising Domestic Refining Hopes
Nigeria spent a staggering N1.28 trillion on fuel imports in the third quarter of 2025, according to data released by…
Nigeria Issues First Gas Trading Licence to Boost Market Transparency and Liquidity
Nigeria has taken a major step to modernize its domestic gas market by issuing the country’s first Gas Trading Licence…
SEC Calls on Banks to Mobilize Capital for Nigeria’s Gas Trading Revolution
The Securities and Exchange Commission (SEC) has called on Nigerian banks, insurers, and asset managers to mobilize capital to strengthen…
Nigeria’s Oil Output Rises by 35,000 bpd in November as Production Recovery Strengthens
Nigeria recorded one of its strongest month-on-month production boosts in 2025, as crude output climbed to 1.436 million barrels per…
Dangote Refinery Receives Second Ghana Crude Shipment as Maintenance Cuts Intake
The Dangote Petroleum Refinery has received its second crude oil shipment from Ghana, strengthening its shift toward West African feedstocks…
FG Captures N4tn Power Sector Bond in MTEF to Boost Investor Confidence
The Federal Government has announced that the newly launched N4tn power sector liquidity bond, designed to settle long-standing debts owed…
Dangote Refinery Boosts Petrol Supply by 38% Amid Rising Imports
Nigeria’s domestic petrol supply saw a significant boost in November 2025, with the Dangote Refinery contributing 23.52 million litres per…
Nigeria’s Petrol Consumption Drops to 52.9 Million Litres in November Amid Rising Local Refinery Output
Nigeria’s petrol consumption declined to 52.9 million litres per day in November, signaling a slight slowdown in fuel demand across…
Nigeria Sees Petrol Import Surge as NNPC Leads 1.56bn-Litre Supply Rebound in November
Nigeria’s petrol supply landscape shifted sharply in November as the Nigerian National Petroleum Company Limited resumed large-scale importation of petrol,…
Heirs Energies, NNPC Partner to Monetise 180mmscf/d of Flared Gas by 2026
Heirs Energies and the Nigerian National Petroleum Company Limited (NNPC) have signed landmark agreements with five approved investors to capture…
Esso E&P Reaffirms Commitment to Nigeria’s Energy Security Amid Policy Shifts
Esso Exploration and Production Nigeria Deepwater Limited (Esso E&P), an affiliate of ExxonMobil Corporation, has reiterated its commitment to bolstering…
NUPRC Launches 2025 Petroleum Licensing Round with Signature Bonuses from $3M to $7M
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled the rules for its highly anticipated 2025 petroleum licensing round, introducing…
Bonny Light Oil Prices Settle at $65 Amid Global Oversupply Concerns
Nigeria’s flagship crude, Bonny Light, stabilized at $65 per barrel following a sharp decline in global oil prices, marking the…
NNPC Sets 36-Year Production Record as Nigeria’s Upstream Revival Gains Momentum
The Nigerian National Petroleum Company (NNPC) has achieved a historic milestone, recording its highest crude oil production in 36 years.…
FG Launches N590bn Bond to Begin Repayment of N4tn Power Sector Debt
The Federal Government has officially begun tackling the long-standing N4tn debt owed to power generation companies (GenCos) with the rollout…
NNPC Receives $185 Million and N14.9 Billion from Frontier Exploration Fund – NUPRC Confirms
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that the Nigerian National Petroleum Company Limited (NNPC Ltd) has received…
Dangote Refinery and Stronger Naira Drive Petrol Prices Down in Nigeria
Petrol prices in Nigeria have started trending downward, offering some relief to consumers facing rising energy costs. Industry experts attribute…
FG Cuts Oil Block Entry Fee to $3m as 2025 Licensing Round Opens
The Federal Government has significantly reduced the financial entry barrier for oil investors as the 2025 licensing round begins. According…
How Chevron Nigeria’s Strategic Infrastructure Safeguards Strengthened Oil Production
Chevron Nigeria is ramping up its deepwater oil production in a strategic effort to expand growth opportunities across the country.…
Diesel Prices Surge 9.45% in October to N1,398/Litre Amid Supply and Market Pressures
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 Revenue Soars to N3.1trn as Local Demand Rises
Nigeria’s domestic gas market has posted a major boost this year, with sales rising by 19 per cent to hit…
Nigeria Opens 2025 Oil Licensing Round, Targets $10bn Investment Boost
Nigeria has officially kicked off its 2025 oil licensing round, offering 50 oil blocks to investors as the country pushes…
FG Approves N185 Billion to Clear Gas Debts, Boost Power Supply Nationwide
The Federal Government (FG) has taken a major step to stabilize Nigeria’s energy sector by approving the payment of N185…
Seplat Energy Empowers 49 Niger Delta Youths with Technical Skills to Boost Oil and Gas Careers
Seplat Energy Producing Nigeria Unlimited (SEPNU) has strengthened its commitment to community development by empowering 49 youths from the Niger…
Nigeria Named Headquarters of African Petroleum Regulators Forum, Komolafe Elected Chairman
The African Petroleum Regulators Forum (AFRIPERF) has officially chosen Nigeria as its headquarters, signaling the country’s growing influence in Africa’s…