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Energy
Crude Oil Plunges to $60 as China Strikes Back with Steep Tariffs
Crude oil prices plunged on Wednesday, with Brent falling to $60.46 per barrel, down from $63 the previous day,…
FG Confirms Continuation of Crude and Refined Product Sales in Naira Initiative
The Federal Government has reaffirmed that the Crude and Refined Product Sales in Naira initiative is a permanent…
Presidential CNG Initiative to Launch 150 New Stations in 18 Months Amid Safety…
The Presidential CNG Initiative (PCNGI) has announced plans to establish at least 150 new refueling stations…
FG to Receive First Batch of 3.2 Million Electricity Meters in April 2025
In a bid to address the significant metering gap in Nigeria’s electricity sector, the Federal Government has…
Hoodlums Vandalize Major Gas Pipeline in Bayelsa, State Government Vows Action
In a recent act of vandalism, suspected oil thieves have attacked the Ogboinbiri/Obiobi 24-inch gas pipeline,…
Nigerian DisCos Face 33% Revenue Shortfall in 2024 Amid Metering Issues and Poor…
In 2024, Nigeria's electricity distribution companies (DisCos) experienced a significant 33% revenue shortfall,…
Sabotage of Trans-Niger Pipeline Threatens Nigeria’s Oil Production Recovery
Recent sabotage of Nigeria’s Trans-Niger Pipeline (TNP) has raised concerns over the country’s oil security just…
UK-listed Savannah Energy Acquires Nigerian Oil Assets for $35 Million to Boost…
Savannah Energy, a UK-listed independent energy company, has successfully completed its acquisition of Sinopec…
FG Investing Trillions in Economic Reforms for Long-Term Growth – Atiku Bagudu
Nigeria's federal government is making significant strides toward economic transformation by channeling trillions…
Price of cooking gas drops 13.3% to N16,250 — Investigation
The price of cooking gas (Liquefied Petroleum Gas, LPG) in Nigeria decreased by 13.3% in January 2025, with the…
Dangote to NNPC Ltd: Your statement on $1bn refinery investment inaccurate,…
Dangote Petroleum Refinery has refuted claims made by the Nigerian National Petroleum Company Limited (NNPCL)…
Tinubu to German investors: Energy, solid minerals key to Nigeria’s economic…
President Bola Tinubu highlighted Nigeria's potential for growth in the energy and solid minerals sectors during a…
Forex Challenges Blamed for High Petrol Prices in Nigeria
Operators in Nigeria’s downstream oil sector attribute the high cost of locally refined petrol to…
Equinor exits Nigeria, completes $1.2bn asset sale to Chappal Energies
Equinor, the Norwegian energy giant, has exited Nigeria after three decades of operations, finalizing the $1.2…
Oil & Gas Industry: PENGASSAN Kicks Against Flagrant Abuse Of Expatriate Quota
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised concerns about the high…
Equinor ends 31years Nigerian journey for profitable markets
Norwegian energy company Equinor has exited Nigeria after 31 years, finalizing its divestment from the West…
Marketers Begin Direct Loading From Dangote Refinery
Independent Petroleum Marketers Association of Nigeria (IPMAN) has commenced direct premium Motor Spirit (PMS)…
Mixed reactions trail moves to privatisee PH, Warri, Kaduna refineries
The Nigerian government has confirmed its plans to privatize the country's four government-owned refineries in…
Nigerian Manufacturers Face Rising Energy Costs and Operational Challenges in H1…
In the first half of 2024, Nigerian manufacturers spent a staggering N238.31 billion on alternative energy sources…
Heirs Energies Charts Africa’s Energy Future at AEW 2024 with Bold Solutions…
Heirs Energies, a top African energy firm, significantly impacted the African Energy Week (AEW) 2024 held in Cape…
Oil Marketers Oppose Dangote Refinery’s Bid for Petrol Import Monopoly in Nigeria
Three major oil marketers, AYM Shafa Limited, A. A. Rano Limited, and Matrix Petroleum Services Limited, have…
Africa Targets $58 Billion Investment to Boost Oil and Gas Sector
Nigeria, Libya, and Angola are set to spearhead a forecasted $58 billion investment influx into Africa's oil and…
Consumers protest as Discos hike meter price by 28%
Nigeria’s power distribution companies (Discos) have announced a significant increase in electricity meter prices,…
Dangote Refinery Criticizes Pinnacle Oil’s Deregulation Claims and Defends…
Dangote Petroleum Refinery has responded to Pinnacle Oil and Gas Limited's CEO Robert Dickerman's remarks on…
Petrol Price: Marketers set to import cheaper products
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has emphasized its intention to…
Schneider Electric Achieves New Cybersecurity Milestone for Data Center Management
Schneider Electric, a leader in energy management, has achieved a significant cybersecurity milestone with its…
FCT Residents Demand Reduction in High Electricity Tariffs Amid Economic Hardship
Many residents in Nigeria's Federal Capital Territory (FCT) have urged the Federal Government to lower the…
IPMAN Negotiates Petrol Supply with Dangote Refinery Amid Price Hikes
The Independent Petroleum Marketers Association of Nigeria (IPMAN) is in talks with Dangote Refinery to establish…
TCN restores power in parts of Northern states
The Transmission Company of Nigeria (TCN) has announced the restoration of bulk power supply to several states in…
Transcorp Power plans an additional 150MW of electricity generation
Transcorp Power has announced plans to boost Nigeria's electricity generation with an additional 150 megawatts…