Trump’s Secondary Tariffs on Russia’s Oil Buyers Risk Global Market Disruption and Diplomatic Strains
U.S. President Donald Trump has imposed secondary tariffs targeting countries that import Russian oil, with a 25% tariff already applied…
Category: Energy
FG Advances Local Energy Supply Chain to Mitigate Global Disruptions and Boost Investment
The Federal Government of Nigeria is taking proactive measures to strengthen the country’s local energy supply chain amid increasing global…
FG Should Have Sold Refineries to Dangote, Says Economist Bismark Rewane; Advocates Airport Concessions Over Renovations
Foremost economist and CEO of Financial Derivatives Company (FDC), Mr. Bismark Rewane, has criticized the Federal Government’s handling of state-owned…
Nigeria’s Oil Output Hits 1.78mbpd in July, Cuts Revenue Deficit as Industry Pushes for Energy Reform
Nigeria’s crude oil production rose to 1.78 million barrels per day (mbpd) in July 2025—the highest output recorded so far…
Nigeria’s Energy Heavyweights to Convene at 2025 Gas Investment Forum to Drive Industrialisation
Nigeria is set to host the 2025 edition of the Gas Investment Forum (GIF), a pivotal event aimed at boosting…
NNPC Raises Petrol Price to N890/Litre, Surpassing Market Average Amidst Downstream Sector Tensions
The Nigerian National Petroleum Company (NNPC) Ltd has increased the pump price of Premium Motor Spirit (PMS), commonly known as…
Marketers seek unified distribution plan with Dangote Refinery
Oil marketers under the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) are urging the Dangote Refinery to collaborate…
AfDB Commits $503m to Boost Nigeria’s Clean Energy Transition
The African Development Bank (AfDB) has pledged $503 million to support Nigeria’s ongoing energy transition efforts, reinforcing the country’s shift…
NNPC Reaffirms Commitment to Port Harcourt Refinery Rehabilitation, Rules Out Sale
The Nigerian National Petroleum Company Limited (NNPC) has dismissed speculations about selling the Port Harcourt Refining Company, asserting its commitment…
FG to Generate ₦796bn Annually from 5% Fuel Surcharge Despite Public Outcry
The Federal Government of Nigeria is set to implement a five per cent surcharge on all refined fossil fuel products,…
Petroleumprice.ng Launches Nigeria’s First Verified Digital Marketplace for Downstream Oil Trading
A Nigerian oil and gas tech firm, Petroleumprice.ng, has officially launched a first-of-its-kind digital marketplace tailored to streamline downstream petroleum…
Dangote Refinery Withdraws ₦100bn Lawsuit Against NNPC, Marketers Amid Industry Speculation
Dangote Petroleum Refinery and Petrochemicals has abruptly withdrawn its ₦100 billion lawsuit against several key industry players including the Nigerian…
Replicate Naira-for-Crude Success Across Sectors, Says Dangote
Aliko Dangote has called on the Federal Government to expand the Naira-for-Crude policy beyond oil, hailing the initiative as a…
Nigeria Becomes Net Importer of U.S. Crude Amid Dangote Refinery Surge
For the first time in history, Nigeria imported more crude oil from the United States than it exported, reversing the…
Dangote Refinery Drives Record U.S. Crude Oil Exports to Nigeria
For the first time in history, the United States became a net exporter of crude oil to Nigeria in February…
Dangote Refinery Imports 10 Million Barrels of Crude Monthly Amid High Costs, Calls for African Refining Revolution
Aliko Dangote, President/CEO of Dangote Industries, revealed that the Dangote Refinery imports between 9 to 10 million barrels of crude…
Dangote Accuses Global Oil Traders of Sabotaging Africa’s Refinery Growth
Aliko Dangote, Africa’s richest man and President of Dangote Industries, has raised alarm over what he describes as deliberate sabotage…
China Breaks Ground on World’s Largest Dam in Tibet, Raising Alarms in India and Bangladesh
China has officially started construction on what will become the world’s largest hydropower dam, the Motuo Hydropower Station, located on…
US Imports $1.34 Billion Nigerian Crude Despite Tariffs, but Trade Surplus Turns Negative
Despite a wave of protectionist trade measures from the U.S., Nigeria remained America’s top African crude oil supplier between January…
Dangote Warns Africa Is Becoming Dumping Ground for Substandard Fuel
Aliko Dangote, President of Dangote Industries Limited, has expressed grave concern over Africa’s increasing reliance on imported petroleum products, warning…
Dangote Disputes Nigeria’s Petrol Consumption Figures, Cites Corruption in Subsidy Era
A major dispute has emerged between Nigeria’s top industrialist Aliko Dangote and the Nigerian Midstream and Downstream Petroleum Regulatory Authority…
Experts, Labour Back Dangote: Say NNPC Refineries May Never Work Again
Organized labour, petroleum marketers, and energy experts have supported Aliko Dangote’s assertion that Nigeria’s state-owned refineries under the Nigerian National…
Nigeria Eyes 25% Hike in OPEC Oil Quota by 2027 Amid Refinery Expansion, Says NNPC
Nigeria is preparing to formally request a 25% increase in its oil production quota from the Organisation of Petroleum Exporting…
Dangote Refinery Expands Fuel Export Reach to Southern Africa with Namibia Facility
The Dangote Petroleum Refinery is set to expand its export operations by constructing a fuel storage facility in Namibia with…
Nigerian Crude Hits $72 Amid Red Sea Tensions, Dangote Pushes for 100% Local Supply
Nigerian crude oil prices surged past $72 per barrel on Tuesday, spurred by renewed geopolitical tensions following deadly Houthi attacks…
Dangote Refinery Cuts Petrol Price Again to N820 per Litre Amid Market Stabilisation
Dangote Refinery has further reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N840 to…
Naira Breaks Free from Oil Dependency as Currency Holds Steady Despite Price Slump
Nigeria’s naira is showing signs of resilience and stability, decoupling from its historical dependence on crude oil prices, according to…
Dangote Refinery Targets 100% Nigerian Crude by Year-End in Energy Sector Milestone
Dangote Industries Limited has announced plans to fully switch its massive 650,000 barrels-per-day refinery to use only Nigerian crude oil…
Petrol Prices Fall Below ₦900 as Dangote Refinery Slashes Rates Amid Global Oil Dip
Petrol pump prices in Nigeria have dropped below ₦900 per litre, following a ₦40 cut in ex-depot prices by the…
Marketers Resist Dangote’s Petrol Price Cut, Maintain High Pump Rates Despite Crude Dip
Despite a recent reduction in the ex-depot petrol price by the Dangote Petroleum Refinery from N880 to N840 per litre,…