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Energy
Oil Shock to Drive Nigeria Inflation Up by 3.1 Points, Warns World Bank
Nigeria faces a rising inflation threat as global oil prices surge, the World Bank has warned. In its latest…
Africa Must Fast-Track Renewable Energy as Global Capacity Hits Record
Global renewable energy capacity reached an all-time high in 2025, surging to 5,149 gigawatts (GW) with the…
Dangote Refinery Hikes Petrol to N1,275, Diesel Hits N1,950 Amid Global Oil…
Nigeria’s Dangote Petroleum Refinery has raised the gantry price of petrol and diesel, with petrol now costing…
Nigerian Oil Prices Drop Below $95 as US-Iran Ceasefire Opens Strait of Hormuz
Nigerian oil prices tumbled below $95 per barrel on Wednesday following news that Iran agreed to a temporary…
NNPC Launches Cawthorne Crude Exports with 950,000-Barrel Maiden Shipment
The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially begun exporting its latest crude grade,…
World Bank Urges Nigeria to Resume Petrol Imports Amid Rising Fuel Prices
Nigeria may need to reopen its doors to petrol imports as rising global energy costs and supply constraints…
Nigeria Excluded from OPEC+ Crude Oil Production Hike Amid Global Market…
Nigeria has once again been excluded from the latest crude oil production increase by the Organisation of Petroleum…
GenCos Question N3.3tn Power Sector Debt Settlement Amid Delayed Payments
The Federal Government’s renewed approval of N3.3tn to settle long-standing power sector debts has ignited fresh…
Nigeria Achieves Fiscal Milestone: Non-Oil Revenue Now 75% of Federation Funds
Nigeria has marked a historic turning point in its economic landscape, as non-oil revenue now accounts for 75 per…
Nigeria’s Power Sector Gets N3.3 Trillion Lifeline as Eight GenCos Sign Debt…
Eight of Nigeria’s major power generation companies, including Transcorp Power, Egbin Power, and Geregu Power Plc,…
Nigeria Launches 950,000-Barrel Export of New Cawthorne Crude, Boosting Energy…
The Nigerian National Petroleum Company Limited (NNPC) has successfully exported 950,000 barrels of the newly…
Tinubu’s Naira-for-Crude Policy Ensures Fuel Supply Stability Amid Global Energy…
President Bola Tinubu’s Naira-for-Crude initiative has helped Nigeria maintain a stable supply of petroleum…
Nigeria’s Oil and Gas Reserves Reach 37 Billion Barrels and 215 TCF in 2026, NUPRC…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially confirmed the country’s total…
Oil Prices Surge Over 5% as Trump Warns US Will Hit Iran “Extremely Hard”
Oil prices jumped sharply on Thursday, climbing more than 5% after U.S. President Donald Trump signalled that the…
Oil Prices Surge Over 6% as Trump’s Iran War Threat Escalates Market Fears
Oil prices jumped sharply on Wednesday, with global benchmark Brent crude rising more than 6%, after U.S. President…
Afreximbank Leads $4 Billion Funding Boost for Dangote Refinery
The African Export-Import Bank (Afreximbank) has underwritten $2.5 billion of a $4 billion senior syndicated term…
NNPC to Boost Crude Supply to Dangote Refinery from May Amid Rising Fuel Prices
The Nigerian National Petroleum Company Limited (NNPC) will increase crude oil allocations to the Dangote Refinery…
FG Plans to Bridge N9tn Budget Gap with Oil Windfall and $6bn Loans
The Federal Government has requested the National Assembly’s approval for a N9.09tn increase to the 2026 budget,…
NNPC Increases Crude Supply to Dangote Refinery to Seven Cargoes Amid Rising Fuel…
The Nigerian National Petroleum Company Limited (NNPC) has announced an increase in crude oil allocations to the…
Oil Prices Hover Around $100 Amid Trump Iran Exit Comments and Middle East…
Crude oil prices swung wildly around the $100 mark on Wednesday as investors reacted to U.S. President Donald…
Nigerian Crude Soars in March as Bonny Light Commands Premium Amid Geopolitical…
Nigerian crude oil marked its strongest monthly performance in March, climbing nearly 58% and approaching $120 per…
Nigeria’s Gas Wealth Attracts Europe Amid Supply Crisis, But Infrastructure Gaps…
European energy markets are under pressure as supply disruptions from Qatar force countries like Belgium, Italy,…
Nigeria’s Oil Sector in Crisis: Urgent Reforms Needed Before Wells Run Dry
For decades, Nigeria’s oil sector has been the backbone of the nation’s economy, funding government budgets and…
Nigeria Targets 12 BCF Daily Gas Output Amid Energy Expansion Push
Nigeria is ramping up its natural gas production as part of an ambitious strategy to position the resource at the…
Nigeria’s Solar Panel Imports Surge Amid Persistent Power Outages
Nigeria’s imports of solar panels from Asia have surged, with the fourth quarter alone recording a total of N100.83…
Nigeria Can Boost Oil Production by 100,000 bpd in Months – NNPC CEO
Nigeria has the potential to increase its oil production by about 100,000 barrels per day in the next few months,…
Over $100 Billion Lost to Oil and Gas Price Spikes Amid Iran War: 350.org Warns of…
Just one month into the Iran war, ordinary people around the world are already paying an extraordinary price for…
OPL 245 Transparency: Civil Society Groups Demand Full Disclosure of Shell, Eni,…
Civil society organisations in Nigeria are calling for full transparency over the recent reported agreement on the…
BOI’s N825 Million Green Fund Cuts Costs and Boosts Industrial Output in Nigeria
Small and large businesses across Nigeria are experiencing lower production costs and improved operational…
ZEN Petroleum IPO Fully Subscribed: $640M Listing to Boost Ghana Stock Exchange…
ZEN Petroleum Holdings PLC is set to make a major impact on the Ghana Stock Exchange (GSE) after securing a fully…