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Energy
Abuja Residents Protest 100% AEDC Electricity Tariff Increase as Power Costs Soar
Residents across the Federal Capital Territory are feeling the pressure of rising electricity costs after the Abuja…
Tony Elumelu’s Seplat Investment Doubles to Over $1bn as Shares Surge
Tony Elumelu’s investment in Seplat Energy has surged past the $1bn mark, more than doubling in value less than a…
Nigeria’s Oil Output Stagnates Five Years After PIA as Investment Gaps Persist
Five years after the Petroleum Industry Act (PIA) was introduced to bring greater certainty to Nigeria’s oil and…
China’s Oil Imports Set for Rebound as Refiners Seek New Supplies
China’s oil imports are expected to rebound in the final quarter of 2026 as refiners increase purchases and search…
Dangote Raises Petrol Price to N1,185 as Crude Oil Surges Above $93
The Dangote Petroleum Refinery has increased its petrol gantry price by N20 per litre, raising the cost from N1,165…
Nigeria’s $22bn Oil Investment Slump Raises Fresh Capacity Concerns
Nigeria’s oil and gas industry is facing a major human-capacity challenge after annual investment in the sector…
Brent Oil Price Hits $93 as U.S.-Iran Tensions Raise Supply Concerns
The Brent oil price climbed above $93 per barrel on Thursday, reaching a three-week high as uncertainty over…
Geregu Power Pays N6bn Bond Debt After N40bn Repayment Default
Geregu Power Plc has reportedly paid the N6 billion owed to investors under its N40.09 billion Series 1 senior…
FG, Regulators Must Stabilise Oil Sector to Attract Fresh Investment — PENGASSAN
The Federal Government and oil sector regulators have been urged to create a more predictable and transparent…
Oil, Gas Reforms Must Deliver Projects, Higher Output — TotalEnergies
TotalEnergies EP Nigeria Limited Country Chair and Managing Director, Matthieu Bouyer, has urged the Federal…
Afreximbank Emerges as Africa’s Biggest Oil and Gas Financier, Says Wale Tinubu
The African Export-Import Bank (Afreximbank) has emerged as the largest financier of oil and gas projects in…
Strait of Hormuz Shipping Slows as Vessel Attack Raises Security Fears
Shipping through the Strait of Hormuz slowed further on Wednesday as vessel operators became increasingly cautious…
High Oil Prices Threaten Global Economic Stability as Moody’s Warns
Persistently high oil prices could pose a growing threat to global economic stability as expensive energy and…
Dangote Refinery Secures $1bn Backing Ahead of Planned IPO
The Dangote Petroleum Refinery has secured a $1 billion underwriting programme ahead of its planned initial public…
Nigeria’s Gas Market Set for Major Shift as Exchange Trading Promises Clearer…
Nigeria’s gas market could be heading for a major transformation as the country moves towards exchange-based…
Brent Crude Surges Above $90 as Strait of Hormuz Tensions Escalate
Brent crude oil prices climbed above $90 per barrel on Monday as renewed tensions between Iran and the United…
Proposed Crude Swap Could Save Nigerian Refiners Up to $329m
Nigeria’s domestic refineries could have saved as much as $328.8m in the first half of 2026 if the proposed crude…
$25bn Nigeria-Morocco Gas Pipeline Faces Fresh Delays Amid Growing Concerns
The much-anticipated Nigeria-Morocco Gas Pipeline is facing fresh concerns over delays, with the more than $25…
Japan’s Oil Crisis Eases, but Soaring Import Costs Keep Economy Under Pressure
Japan’s oil crisis may be showing signs of easing, but the country is still paying a heavy economic price for…
Nigeria’s Renewable Energy Push Could Deepen Inequality, Study Warns
Nigeria’s ambitious push toward renewable energy could be creating a new wave of inequality in the communities…
Fresh Petrol and Diesel Cargoes Arrive as Nigeria’s Fuel Supply Improves
Fresh supplies of petrol and diesel are arriving at major coastal terminals in Lagos and Warri, offering a…
Nigeria Exports N306bn Worth of Jet A1 to Europe and West Africa as Global Fuel…
Nigeria has exported about 245,000 tonnes of Jet A1 aviation fuel valued at N306 billion ($223 million) to…
Dangote Refinery Puts Foreign Listing on Hold as $5 Billion Nigerian IPO Takes…
Dangote Petroleum Refinery has ruled out pursuing an overseas stock market listing for at least the next three…
Nigeria’s $50bn Offshore Oil Investment Push Puts Security in the Spotlight
Nigeria’s ambitious plan to attract between $30 billion and $50 billion in offshore oil and gas investments by 2030…
NNPC Says Deep Offshore Tax Order Could Unlock $50bn Investment
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has welcomed the Federal Government’s new Deep Offshore…
Tinubu Vows to Revive Nigeria’s Refineries, Demands Profitable Operations
President Bola Tinubu has renewed his administration’s commitment to reviving Nigeria’s long-idle state-owned…
Nigeria’s Oil Production Falls 4% as Hormuz Tensions Raise Fresh Energy Concerns
Nigeria’s oil production slipped by four per cent month-on-month in July, highlighting fresh challenges for the…
AFC Leads $2.5bn Dangote Refinery Equity Raise as Capacity Target Rises to 1.4m…
Africa Finance Corporation (AFC) has led a group of strategic investors in a major $2.5 billion equity raise for…
Nigeria LNG Targets Growth as Train 7 and New Gas Deals Boost Expansion Plans
Nigeria LNG Limited (NLNG) is looking beyond its recent revenue dip as the gas giant prepares for what could be a…
Nigeria’s Crude Supply Dispute Deepens as Dangote Refinery and NUPRC Clash Over…
Nigeria’s long-running dispute over crude oil supplies to the Dangote Refinery has taken a new turn, with the…