Dangote Refinery Challenges Marketers as 310 Million Litres of Petrol Await Loading Amid Soaring Pump Prices
As petrol prices continue to soar across Nigeria, the Dangote Refinery has thrown an open challenge to fuel marketers, asserting…
Category: Energy
$42.37bn under-remittance: FG extends NNPCL probe to Dec 2024
The Federal Government has extended its ongoing investigation into alleged under-remittances by the Nigerian National Petroleum Company Limited (NNPCL) until…
NNPC Stresses Strategic Partnerships as Key Driver for Nigeria’s Downstream Oil Sector Growth
The Nigerian National Petroleum Company Limited (NNPCL) has reaffirmed that forming strong strategic alliances is critical to driving growth, sustainability,…
FG Launches CNG Vehicle Monitoring System to Boost Safety and Investment in Gas Sector
The Federal Government has officially launched the Nigerian Gas Vehicle Monitoring System (NGVMS) — a new digital oversight platform designed…
The real reason Google DeepMind is working with a fusion energy startup
In a groundbreaking move that could reshape the future of clean energy, Google DeepMind has partnered with Commonwealth Fusion Systems…
Nigeria’s Oil Output Reaches 454 Million Barrels in Nine Months Despite Operational Setbacks
Nigeria’s crude oil and condensate production climbed to 454.28 million barrels between January and September 2025, according to the latest…
Petrol Prices Surge to N1,000 Despite Cheaper Crude and Stronger Naira: What Nigerians Need to Know
Nigerians are facing a new shock at the fuel pump as petrol prices jump from around N865 per litre to…
Dangote Refinery Targets 600 Million Litres Monthly to Ease Petrol Shortages in Nigeria
Independent petroleum marketers have confirmed that the Dangote Petroleum Refinery is set to release up to 600 million litres of…
Nigeria Targets 600,000 Barrels Daily Boost as NUPRC Approves $18.2bn Oil Projects
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that fresh oil and gas investments in 2025 could add up…
Brent Crude Plunges 6% Amid US-China Trade Tensions, Struggles to Hold $62 Per Barrel
Global oil markets are facing renewed pressure as Brent crude prices fell more than 6% in October, struggling to maintain…
IMF Raises Nigeria’s 2025 Growth Forecast to 3.9% Amid Oil Gains and Investor Confidence
The International Monetary Fund (IMF) has revised Nigeria’s 2025 economic growth forecast upward to 3.9%, citing a rebound in oil…
PMI Applauds Dangote Refinery as Global Benchmark for Project Excellence
The Dangote Petroleum Refinery has received high praise from the Project Management Institute (PMI) for its outstanding execution and world-class…
Nigeria’s Oil Production Drops to 1.39 Million BPD in September Amid Strikes and Vandalism
Nigeria’s crude oil output fell to 1.39 million barrels per day (bpd) in September 2025, marking the second consecutive month…
Nigeria’s Crude Oil Output Drops to 1.39mbpd, Petrol Prices Surge Amid Supply Disruptions
Nigeria’s crude oil production fell to 1.39 million barrels per day (mbpd) in September 2025, marking the second consecutive month…
NUPRC Denies Crude Oil Shortage Claims, Says Refiners Rejected 11 Domestic Cargoes
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refuted claims of crude oil shortages raised by domestic refiners, asserting that…
Dangote Warns Monopoly Claims Could Hinder Local Investment in Nigeria’s Petroleum Sector
Africa’s richest man, Aliko Dangote, has cautioned that persistent accusations of monopoly in Nigeria’s petroleum sector could discourage local investors…
Nigeria’s Crude Oil Output Falls to 1.39 Million Barrels per Day in September Amid Labour Disruptions
Nigeria’s crude oil production dropped to 1.39 million barrels per day (mbpd) in September 2025, marking the second consecutive month…
Nigerian Oil Stabilizes at $67 Amid Easing U.S.-China Tensions and Domestic Production Boost
Nigerian crude oil prices stabilized near $67 per barrel this week as global markets showed signs of recovery following recent…
Crude Oil Dispute Deepens as Nigerian Refiners Reject 11 Million-Barrel Local Supply Amid Price, Quality Concerns
Nigeria’s crude oil supply dispute has taken a new twist as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed that…
Ghana’s Petroleum Revenue Plummets 56% in H1 2025 — PIAC Calls for Urgent Action
Ghana’s petroleum sector is facing a significant downturn, with revenue falling by 56% in the first half of 2025 compared…
NUPRC Unveils Gas Development Roadmap, Unlocks $4.9 Billion in Investments to Boost Nigeria’s Energy Future
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has rolled out a new Gas Development Roadmap aimed at unlocking over 55…
NNPC, Sahara Group Unveil Nigeria’s First Fully-Owned Floating Oil Vessel — A Milestone for Energy Independence
In a historic leap for Nigeria’s oil and gas industry, the Nigerian National Petroleum Company Limited (NNPC Ltd), Sahara Group,…
Orteva Partners FG and Delta State on $100 Million Carbon Project to Drive Nigeria’s Green Growth
Nigeria has taken another bold step toward a sustainable future as the Federal Government, in partnership with Orteva, Delta State,…
VivaJets Expands into Africa’s Oil Sector with $21 Million Investment to Boost Energy Logistics
VivaJets, one of Africa’s fastest-growing business aviation firms, is deepening its footprint in the continent’s oil and gas industry through…
DisCos’ Revenue Hits ₦564.7 Billion in Q2 2025 as NERC Reports Steady Growth in Collection Efficiency
Nigeria’s electricity distribution companies (DisCos) posted a significant boost in revenue for the second quarter of 2025, collecting a total…
NNPC Blames Cooking Gas Price Hike on PENGASSAN Strike Disruption
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mr. Bayo Ojulari, has attributed the recent…
PENGASSAN and NUPENG Urged to Build Private Refinery Using Members’ Check-Off Dues Amid Dangote Dispute
The Stand-Up South South Security Group has called on Nigeria’s petroleum labor unions, the Petroleum and Natural Gas Senior Staff…
Nigeria Seeks $2 Billion Chinese Loan to Build Super Grid and End Chronic Power Shortages
Nigeria is negotiating a $2 billion loan from China’s Export-Import Bank to finance the construction of a new “super grid”…
Tinubu Approves N4 Trillion Bond to Settle GenCos Debts, Boost Nigeria’s Power Sector
President Bola Tinubu has approved a N4 trillion bond to settle verified debts owed to Nigeria’s power generation companies (GenCos)…
Sahara Group Acquires 7 New Oil Rigs, Aims to Boost Production to 350,000 BPD Across Africa
Sahara Group, one of Africa’s leading energy and infrastructure conglomerates, is making bold moves to expand its footprint in the…