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Energy
DisCos Lose N669.49bn as Poor Revenue Collection Deepens Nigeria’s Power Crisis
Nigeria’s electricity distribution companies (DisCos) failed to recover N669.49 billion from customers in 2025,…
Oil Prices Rise as Trump Threatens Fresh Strikes on Iran, Raising Global Supply…
Oil prices climbed on Tuesday after U.S. President Donald Trump threatened further military action against Iran,…
Dangote Refinery Pushes Nigeria’s Oil Refining Growth to Record 43.94% in Q2 2026
Nigeria’s oil refining sector recorded its strongest growth in recent years, expanding by 43.94% year-on-year in…
Modular Refineries Struggle Three Years After Petrol Subsidy Removal
Three years after the Federal Government removed petrol subsidy with promises of attracting investment and…
Dangote Refinery May Cut Petrol Supply to Importing Marketers Amid Quality…
The Dangote Petroleum Refinery and Petrochemicals is considering cutting petrol supplies to major marketers that…
Nestoil Reactivates 8-Year-Idle Rig in OML 42 to Boost Nigeria’s Oil Production
Nestoil Group has reactivated a drilling rig that had remained idle for about eight years, deploying it to carry…
NUPRC Moves to Boost Nigeria’s Oil, Gas Investment Appeal With New Headquarters
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is pushing to strengthen Nigeria’s image as an…
Petrol Nears N1,400 as Dangote Defends Latest Price Hikes
The price of petrol is edging closer to N1,400 per litre in parts of Nigeria following another increase by the…
Kenya Pipeline Targets KSh93.7 Billion Revenue From 25-Year Gulf Energy Oil Deal
Kenya Pipeline Company (KPC) is set to deepen its role in Kenya’s emerging oil industry after its subsidiary, Kenya…
Venezuela Oil Revival Gains Momentum as U.S. Firms Move Into PDVSA Deals
Venezuela’s long-awaited oil sector revival appears to be gathering pace after two U.S. companies, SLB and Hunt…
FG Installs 668,000 Electricity Meters Under $500m World Bank Programme
The Federal Government has installed 668,000 electricity meters across customers’ premises…
NCDMB Calls for Pan-African Local Content Partnerships to Boost Africa’s…
The Nigerian Content Development and Monitoring Board (NCDMB) has called for stronger Pan-African local content…
Hormuz Tanker Traffic Falls as Oil Flows Recover Despite Rising Tensions
Tanker traffic through the Strait of Hormuz has fallen below its recent average, even as crude oil flows through…
Petrol Price Nears N1,300/Litre as Marketers Warn of More Uncertainty
Petrol prices are edging closer to N1,300 per litre in parts of Nigeria, with petroleum marketers warning that…
Dangote Refinery Raises Alarm Over Rising Petrol Imports Despite Local Supply…
The Dangote Petroleum Refinery has raised concerns over what it described as the rising volume of imported petrol…
Nigeria’s Petrol Consumption Falls 25% in July as Fuel Supply Slows — NMDPRA
Nigeria’s petrol consumption dropped sharply in July 2026, falling by 25% to 35.7 million litres per day (lpd),…
Dangote Refinery Pushes Nigeria’s Petroleum Exports to Record High
Nigeria’s petroleum product exports have reached a record level, with seaborne shipments surging seven-fold since…
19 Nigerian Oil Licences Face 2026 Expiry as NUPRC Pushes Fresh Investment
Nineteen oil licences in Nigeria’s upstream oil and gas sector have stated expiry dates falling within 2026,…
Domestic Refineries Turn to Imports as Crude Supply Falls 25.4% in July
Crude imports by domestic refineries surged by 151.5 per cent in July 2026, rising to 5.13 million barrels from…
Dangote Refinery Raises Petrol Price to N1,200 Despite Falling Crude Prices
Dangote Petroleum Refinery has increased its petrol price from N1,185 to N1,200 per litre, adding fresh pressure to…
Dangote Refinery Expands Free Fuel Delivery to 14 States, Raising Hopes for Lower…
Dangote Petroleum Refinery has expanded its free petroleum product delivery programme to four more states, bringing…
NUPRC Gives 31 Oil Block Winners October Deadline to Pay Signature Bonuses
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given 31 companies that emerged winners of 37 oil…
GRIDCo Sets September 12 Deadline for Pylon Right-of-Way Occupants to Vacate
The Ghana Grid Company Limited (GRIDCo) has reiterated September 12, 2026 as the deadline for individuals,…
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…