Nigeria Seeks $500m World Bank Loan to Boost Power Distribution and Metering Nationwide
Nigeria’s Federal Government is turning to the World Bank for a $500 million lifeline to tackle the persistent challenges in…
Category: Energy
Dangote Refinery vs NUPENG: Fuel Supply Disruptions Deepen as Labour Dispute Escalates
Nigeria’s oil sector is facing fresh tension as talks between Dangote Refinery and labour unions—NUPENG and PENGASSAN, ended in deadlock…
Nigeria’s Tax Committee Exempts Kerosene, LPG, and CNG from 5% Fuel Surcharge to Ease Cost-of-Living Pressure
The Presidential Fiscal Policy and Tax Reforms Committee has announced that Nigeria’s new 5% fuel surcharge will not apply to…
Dangote Refinery Denies Shutdown Rumors, Reaffirms Commitment to Petrol Supply
The Dangote Petroleum Refinery has dismissed reports suggesting it plans to shut its petrol unit for up to three months,…
Fuel Crisis Looms as NUPENG, IPMAN, and PETROAN Halt Operations Over Clash With Dangote Refinery
Nigerians are bracing for another round of crippling fuel scarcity as key players in the petroleum sector — including the…
BPE Moves to List Two DisCos and One GenCo on NGX, Eyes N312 Billion in 2025 Revenue
The Bureau of Public Enterprises (BPE) has announced plans to list two electricity distribution companies (DisCos) and one generation company…
FG to List Power Assets on Nigerian Exchange to Boost Transparency and Investor Confidence
The Federal Government has unveiled plans to list three of Nigeria’s top-performing power assets on the Nigerian Exchange (NGX), in…
CNG Price Surges to N450/SCM as FG Reduces Subsidies Amid Long Queues
The cost of Compressed Natural Gas (CNG) has sharply risen to N450 per standard cubic metre (SCM) as the Federal…
Dangote Refinery Makes Historic First Gasoline Export to U.S., Expands Global Reach
Nigeria’s Dangote Refinery has marked a significant milestone by exporting its first gasoline shipment to the United States, signaling its…
Nigeria Strengthens Renewable Energy Drive with Local and International Partnerships
Nigeria is stepping up its renewable energy ambitions with stronger collaborations between local firms and international investors. The Federal Government…
Nigeria’s power sector reforms fail where telecom triumphs
When Nigeria embarked on economic liberalisation in the late 1990s and early 2000s, the telecommunications industry emerged as the flagship…
Nigeria Signs Deepwater Oil Deal with TotalEnergies to Boost Production and Energy Security
Nigeria has formalized a major deepwater oil agreement with French energy giant TotalEnergies and local partner South Atlantic Petroleum Limited…
Dangote Refinery Boosts Fuel Exports Amid Middle East Refinery Shutdowns
The $20 billion Dangote Petroleum Refinery has ramped up exports of petrol, aviation fuel, and diesel as refineries across Saudi…
Nigeria’s Gas Flaring Drops to 7.16% in July 2025 as Gas Production Hits 7.59 BSCFD
Nigeria recorded a significant energy milestone in July 2025 as gas flaring fell to 7.16%, even as daily gas production…
Dangote Refinery Sources Ghana Crude Amid Production Questions, RFCC Unit Maintenance Reported
Nigeria’s Dangote Refinery has, for the first time, imported crude oil from Ghana, signaling a shift toward greater supply flexibility…
Non-Oil Sector Drives Nigeria’s Tax Revenue to N17.4trn in Seven Months, Hits Record Growth
Nigeria’s diversification efforts are yielding results as the non-oil sector powered tax revenues to N17.4 trillion between January and July 2025, marking…
Nigeria Faces 18.9% Oil Production Deficit, Missing 2025 Budget Target by 82.5 Million Barrels
Seven months into the 2025 fiscal year, Nigeria’s crude oil output has fallen short of projections by 82.46 million barrels,…
13% Derivation Fund Helps Oil-Producing States Slash Domestic Debt by N611bn Despite Rising Criticism
Oil-producing states in Nigeria have cut their combined domestic debt by about N610.84bn between June 2023 and March 2025, thanks…
Nigeria’s Oil Production Hits Six-Month High at 1.5m bpd, Surpasses OPEC Quota Again
Nigeria’s crude oil production climbed to its highest level in six months in July, marking a strong rebound after early-year…
Dangote Refinery Fuel Rollout Stalled as FG, Marketers Clash Over CNG Logistics Plan
The planned nationwide rollout of petroleum products by Dangote Petroleum Refinery has hit a major setback following a deadlock between…
Tinubu Secures Petrobras’ Return to Nigeria, Signs Landmark Nigeria–Brazil Trade and Energy Agreements
President Bola Tinubu has announced the imminent return of Brazil’s state-owned oil giant Petrobras to Nigeria, five years after the…
Dangote Refinery Receives 1,000 CNG Trucks, Fuel Distribution to Begin in South-West Nigeria
The Dangote Petroleum Refinery is set to launch its direct fuel distribution scheme in the coming weeks as 1,000 Compressed…
Dangote Refinery and Petrol Prices: 10 Swings in 10 Months Despite Local Supply
Nigeria’s petrol market has experienced dramatic volatility since the Dangote Refinery began supplying fuel in September 2024, despite hopes for…
Nigeria Targets 2.5 Million Barrels Per Day Oil Output by 2026, Says NUPRC
Nigeria is on track to boost its crude oil output to 2.5 million barrels per day (mbpd) by 2026, according…
NNPCL Posts N185bn Profit Despite Debt Burden, Remits N7.9tr to FAAC
The Nigerian National Petroleum Company Limited (NNPCL) reported a profit after tax of ₦185 billion in July 2025, despite mounting financial…
Nigeria’s N341tn Oil Reserves Locked in Undeveloped Fields Amid Rising Debt – Report
Nigeria is sitting on over 3.5 billion barrels of undeveloped oil and condensate reserves, valued at approximately N341 trillion, according to a…
Dangote Refinery Reshapes Global Fuel Trade as European Plants Face Closure Risks
European refiners are facing mounting pressure as Nigeria’s 650,000 barrels per day (bpd) Dangote refinery ramps up production, slashing the…
Asia Stocks Flat, Oil Prices Fall Ahead of Fed Meeting as Ukraine Peace Hopes Lift Europe Futures
Asian shares traded flat on Tuesday while oil prices slipped, as investors turned cautious ahead of the U.S. Federal Reserve’s…
Nigeria to Host Global Gas Investment Forum 2025 in Lagos, Attracting Top Energy Leaders
Nigeria is set to host leading global gas investors and industry executives this October as preparations intensify for the 2025…
Nigeria Forex Reserves Surpass $40 Billion as Oil Output and Forex Inflows Rise
Nigeria’s Foreign Exchange Reserves Climb Above $40 Billion Mark Nigeria’s foreign exchange reserves have surged past the $40 billion threshold,…