Oil Prices Crash but Nigerians Still Pay Over N1,000 Per Litre for Petrol
Despite a significant drop in global crude oil prices, Nigerians are yet to feel the…
Category: Energy
IGU Calls for Regional Gas Market Integration to Unlock West Africa’s Energy Potential
The International Gas Union (IGU) has called on West African countries to deepen regional cooperation…
Trump Orders Probe Into Alleged Petrol Price Gouging by Major Oil Companies
President Donald Trump has directed the US Department of Justice to investigate major oil companies…
NUPRC Pushes Drone Surveillance to Protect Nigeria’s Oil and Gas Assets
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has intensified efforts to strengthen the security of…
Oil Prices Slide as Record 19 Million Barrels Pass Through Hormuz Strait
Global oil prices declined on Tuesday after a record 19 million barrels of crude oil…
Dangote Refinery Denies Fuel Re-Import Claims Through Lomé Hub
Dangote Petroleum Refinery has strongly denied reports suggesting that petroleum products exported from its facility…
Petrol Price Drop Sparks Fears of CNG Abandonment as Nigerian Motorists Reconsider Fuel Choices
The recent decline in petrol prices across Nigeria is beginning to reshape consumer behavior, with…
Lithium Demand Set to Surge 353% by 2040 as Nigeria Attracts Global Scramble for Critical Minerals
Global demand for lithium is expected to skyrocket by 353 per cent by 2040, according…
Petrol Prices Stay High in Nigeria Despite Falling Crude Oil Prices Amid Global Supply Shift
Petrol prices have remained stubbornly high across Nigeria, even as global crude oil prices decline…
Oil Production Recovery in Nigeria Linked to Improved Oil Asset Protection in Niger Delta
Nigeria’s oil industry is showing signs of recovery, with growing evidence that improved protection of…
AI Data Centers Energy Consumption: Why Global Servers Now Burn 670,000 Barrels of Oil Daily
The global race to power artificial intelligence is rapidly becoming one of the most energy-intensive…
Nigeria Among Nine Countries Responsible for 83% of Global Gas Flaring, World Bank Reveals
Nigeria has once again been identified as one of the world’s top contributors to gas…
Domestic Crude Supply Drops in Nigeria Amid Sabotage Allegations and Refinery Disputes
Nigeria’s domestic crude supply to local refineries recorded a noticeable decline in May 2026, dropping…
Aradel assets hit N10 trillion after Renaissance acquisition drives 466% surge in balance sheet
Aradel Holdings Plc has recorded a dramatic leap in its financial position, with total assets…
Nigeria Crude Oil Production Challenges Persist Despite Output Gains and $10bn Investment Surge
Nigeria’s oil and gas sector is showing strong signs of recovery, but long-standing operational issues…
Dangote Refinery Crude Supply Crisis Deepens as Output Drops 62% Amid NNPC Delivery Shortfall
Nigeria’s flagship Dangote Petroleum Refinery is facing mounting pressure as a severe crude supply shortage…
Oil Prices Dip as Qatar and Pakistan Push 60-Day U.S.–Iran Deal Roadmap Amid Middle East Tensions
Global oil markets saw a sharp shift on Monday as crude prices slipped following news…
Fuel Price War Intensifies in Lagos and Ogun as Stations Slash Petrol Prices to N1,199 Per Litre
Fuel prices have dropped across parts of Lagos and Ogun States as filling stations adjust…
OPEC Quota: Nigeria’s Rising Oil Output Driven by Stronger Pipeline Security on Trans Niger Pipeline – PINL
Nigeria’s crude oil production has surged beyond its OPEC quota, with stakeholders attributing the improvement…
India Holds Back on Middle East Oil Purchases Despite Strait of Hormuz Reopening
India is showing little urgency to return to large-scale crude purchases from the Middle East,…
Oil Prices Mixed as U.S.-Iran Talks Collapse and Strait of Hormuz Tensions Keep Markets on Edge
Oil prices ended the trading session on a mixed note on Friday as renewed uncertainty…
Nigerian Marketers Import Dangote Fuel via Lomé Hub as Trade Flows Shift Across West Africa
Nigerian fuel marketers are increasingly sourcing refined petroleum products originally produced by Dangote Petroleum Refinery…
Nigeria Can Produce 1.9m Barrels Daily, Says NUPRC as Oil Prices Hit $77
Nigeria’s crude oil industry is showing renewed strength as the Nigerian Upstream Petroleum Regulatory Commission…
Petrol Imports Surge 59.5% in May as Nigeria Balances Local Refining Growth and Fuel Demand
Nigeria’s petrol imports recorded a surprising rebound in May 2026, climbing by 59.5% compared to…
Oil Prices Crash by Over $7 Per Barrel as Brent Drops Below $80 Amid Global Easing Tensions
Global oil markets experienced a sharp downturn this week as crude prices fell by more…
Nigeria Rules Out New Taxes on Fuel and Telecom Services Amid IMF Report Backlash
The Federal Government has firmly dismissed reports suggesting that new taxes could soon be introduced…
Dangote Refinery Slashes Diesel and Jet Fuel Prices as Falling Crude Oil Costs Ease Market Pressure
The Dangote Petroleum Refinery has announced another round of fuel price reductions, cutting the gantry…
Petrol Price May Fall to N1,200 as Dangote Refinery Slashes Rates Amid Global Oil Decline
Nigeria may soon witness a fresh reduction in petrol prices, with marketers projecting that pump…
Mission 300 Lights Up Africa: Over 50 Million People Gain Electricity Access in Two Years
The World Bank and the African Development Bank (AfDB) have announced a major milestone under…
Global Gas Price Volatility Persists as World Bank Warns of Prolonged Market Instability
The World Bank has warned that global natural gas markets are heading into a prolonged…