Dangote Rejects NNPC Refinery Purchase, Urges Private Investors to Step Up
Africa’s richest man, Aliko Dangote, has dismissed suggestions that he should acquire one of Nigeria’s moribund state-owned refineries, saying he…
Category: Energy
BVI Court Orders Ex-Seplat Chairman Orjiako to Pay $220 Million in Landmark Debt Enforcement Ruling
In a landmark decision that has sent ripples across international financial and legal communities, the British Virgin Islands (BVI) Commercial…
JUST IN: Tinubu okays 15% import duty on petrol, diesel
President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on imported petrol and diesel,…
What we’re doing to get Nigeria’s refineries back on track — NNPC’s Ojulari
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Engr. Bashir Bayo Ojulari, has…
Cooking Gas Price Surge Threatens Nigeria’s Clean Energy Transition Goals
The sharp and persistent surge in cooking gas prices across Nigeria is endangering the country’s clean energy transition agenda. With…
Seplat Energy’s $1.1 Billion Earnings Surge in Nine Months, Driven by Mobil Acquisition
Seplat Energy Plc has delivered one of its strongest financial performances to date, reporting Earnings Before Interest, Taxes, Depreciation, and…
World Bank Forecasts Sharp Decline in Global Commodity Prices as Oil Surplus Expands
Global commodity prices are projected to drop to their lowest levels in six years by 2026, extending a four-year slump,…
NUPRC Urges Bank of America to Prioritize Funding Nigeria’s Oil Sector Growth
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on the Bank of America and other major financial institutions to…
Energy Leaders Push for Policy Harmony to Boost Africa’s Oil and Gas Integration
At the 19th Oil Trading and Logistics (OTL) Africa Downstream Energy Week 2025 in Lagos, regulators and industry leaders across…
FG Secures ₦700 Billion to Deploy 1.1 Million Electricity Meters by December 2025
The Federal Government has announced it has secured about ₦700 billion from the Federation Account Allocation Committee (FAAC) to deploy…
NNPCL Launches Strategic Infrastructure Projects to Boost Nigeria’s Oil and Gas Growth
The Nigerian National Petroleum Company Limited (NNPCL) has unveiled a major strategic infrastructure development plan aimed at strengthening Nigeria’s oil…
Gas Marketers Set 6 Million-Tonne LPG Supply Target, Forecast Price Drop as Local Production Rises in Nigeria
Nigeria’s Liquefied Petroleum Gas (LPG) marketers have announced plans to boost the nation’s annual gas supply to six million metric…
Nigeria’s GenCos Mark 10 Years of Privatisation Amid N4 Trillion Debt Crisis and Power Sector Challenges
Nigeria’s power generation companies (GenCos) yesterday commemorated a decade since the country’s electricity privatisation, even as the sector grapples with…
Dangote Refinery Expansion Gets Full FG Backing to Reach 1.4 Million BPD – Boosting Africa’s Energy Independence
The Federal Government has thrown its full support behind Dangote Refinery’s ambitious plan to expand its production capacity to 1.4…
Dangote Refinery Eyes $55 Billion Annual Revenue as Afreximbank Considers $5 Billion Expansion Credit
Africa’s richest man, Aliko Dangote, has announced plans to expand the capacity of his Lagos-based Dangote Petroleum Refinery from 650,000…
Dangote Refinery Rehires Sacked Engineers, Redeploys Staff to Borno, Zamfara, and Other States Amid PENGASSAN Dispute
The Dangote Refinery has re-employed several engineers previously dismissed amid its dispute with the Petroleum and Natural Gas Senior Staff…
Dangote Refinery Expansion to 1.4 Million BPD Begins, Promises Stable Fuel Supply This Festive Season
Africa’s richest man, Aliko Dangote, has officially kicked off the expansion of the Dangote Petroleum Refinery in Lagos, aiming to…
Nigeria Energy Conference 2025 to Drive Investments and Reforms for a Sustainable Power Future
The 12th edition of the Nigeria Energy Exhibition and Conference is set to return to Lagos from October 28th to…
CBN Injects $1.25 Billion into Fuel Imports Despite Dangote Refinery Output
The Central Bank of Nigeria (CBN) has released a total of $1.25 billion to support the importation of petroleum products…
Nigeria Poised to Achieve Gas Flare-Out by 2030, Says NUPRC
Nigeria is making significant strides toward eliminating gas flaring by 2030, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced.…
Nigeria Imports 15 Billion Litres of Petrol Despite Dangote Refinery’s Rising Output
Nigeria imported nearly 15.01 billion litres of petrol between August 2024 and early October 2025, accounting for 69% of the…
Nigeria to Seek OPEC Approval for 2 Million Barrels Daily Oil Quota as Output Surges Past 1.7m bpd
Nigeria is set to request the Organisation of Petroleum Exporting Countries (OPEC) to approve an increase in its oil production…
Dangote Plans to List 10% Stake in $20bn Refinery on NGX to Attract Global Investors
Africa’s richest man, Aliko Dangote, has revealed plans to sell between five and 10 percent of the Dangote Petroleum Refinery…
NNPC Remits over N10tn to Federation in 8 Months, Records N4.2tn Revenue in August
The Nigerian National Petroleum Company Limited (NNPC) has remitted a staggering N10.073 trillion to the Federation Account between January and…
Nigeria’s Oil Sector Struggles as FIRS Drives Government Revenue to N31.38 Trillion
Nigeria’s oil sector continues to underperform, putting pressure on the country’s overall revenue growth, even as non-oil tax agencies exceed…
Dangote Plans to Double Refinery Capacity to 1.4 Million Barrels Per Day with Middle Eastern Funding
Africa’s richest man, Aliko Dangote, has unveiled bold plans to expand the Dangote Refinery from its current 650,000 barrels per…
Petrol Imports Still Dominate Nigeria’s Fuel Supply Despite Dangote Refinery Boost
Nigeria consumed a total of 613.6 million litres of petrol between October 2024 and October 10, 2025, with imported fuel…
EU Plans Complete Phase-Out of Russian Gas by 2028 to Curb Moscow’s War Funding
The European Union has formally committed to ending all Russian gas imports by January 1, 2028, marking a major step…
Shell Urges Nigeria to Boost Investments and Infrastructure for Gas Industrialisation
Nigeria’s gas sector holds immense promise for economic growth and industrialisation, but sustained efforts are needed to attract and retain…
FG Secures $1 Billion Private Investment to Expand Nigeria’s CNG Sector
The Federal Government of Nigeria has successfully secured a $1 billion private investment aimed at expanding the country’s Compressed Natural…