NNPC Cuts Petrol Price to ₦910/Litre in Abuja Amidst Dangote’s Market Push
In a move that signals a growing shift in Nigeria’s fuel market dynamics, the Nigerian National Petroleum Company (NNPC) Limited…
Category: Energy
Dangote Refinery Cancels June Maintenance After Emergency Repairs, Ends Petrol Rebate
The Dangote Petroleum Refinery has called off its planned June maintenance for its key gasoline unit, after successfully completing essential…
Ghana Opens Doors for Oil Investment as Mahama Encourages Global Investors Amid Economic Recovery
Ghana’s former president, John Dramani Mahama, has urged international investors to consider the country’s oil and gas sector for new…
Tullow Ghana Resumes Gas Supply to Atuabo After FPSO Technical Glitch
Tullow Ghana has officially resumed gas exports to the Atuabo Gas Processing Plant after addressing a technical issue on the…
Nigeria’s Crude Oil Output Reaches 2-Month High, Still Below OPEC Quota
Nigeria’s crude oil production saw a modest recovery in April, reaching a two-month high, but still fell short of the…
Dangote Refutes Marketers’ Claims, Asserts Refinery’s Capacity to Meet Nigeria’s Fuel Demand
The Dangote Petroleum Refinery has strongly countered accusations from oil marketers that it cannot meet Nigeria’s fuel demand. This controversy…
Seplat raises oil output to over 131,000bpd
Seplat Energy Plc has significantly increased its daily hydrocarbon production in the first quarter of 2025, achieving an average of…
Nigeria Sets Ambitious 2.5 Million Barrels Per Day Oil Production Target for NNPC Ltd.
The Nigerian federal government has set an ambitious target of increasing oil production to 2.5 million barrels per day (bpd)…
Oil Prices Rebound 3% as Demand Grows in Europe, China and U.S. Output Slows
Oil prices bounced back sharply on Tuesday, climbing roughly 3%, following signs of stronger energy demand in Europe and China…
Gencos Urge Urgent Meeting with Tinubu Over ₦4.7tn Power Sector Debt
Electricity generation companies (Gencos) are pressing for an immediate meeting with President Bola Tinubu over the massive ₦4.7 trillion debt…
Finance Ministry Refutes N13 Billion Corruption Allegation in CNG Project
The Federal Ministry of Finance has strongly denied allegations of corruption tied to a N13 billion contract related to the…
Oil Prices Plunge to Four-Year Low as OPEC+ Fast-Tracks Output Hikes
Oil prices took a sharp dive on Monday, slumping to levels not seen since early 2021. Both Brent crude and…
CBN reforms reshape external sector amid diaspora inflows
Nigeria’s external sector is going through a serious transformation, with the Central Bank’s foreign exchange reforms at the center of…
Tinubu approves plan to attract $122bn power investments
President Bola Tinubu has officially approved a bold new reform initiative for Nigeria’s power sector, signing off on the National…
Nigeria Faces Economic Crisis as Oil Prices Dip Below $60, Threatening Fiscal Stability and the Naira
Nigeria is facing a dual economic crisis as Brent crude oil prices plummet below $60 per barrel, sparking fears of…
Trade Tensions Shake Oil Market, Pressure Naira as Economic Worries Deepen
Global oil markets faced renewed turbulence in April as heightened trade tensions—particularly between the United States and China—sparked a sharp…
Petrol Landing Cost Surpasses Dangote Refinery Price, Fuel Importers Struggle with Profit Margins
The landing cost of Premium Motor Spirit (PMS), or petrol, has now reached an average of N870 per litre, surpassing…
NNPC Overhauls Leadership: Maryam Idrisu, Obioma Abangwu Appointed Amid Mass Staff Exit
The Nigerian National Petroleum Company (NNPC) Ltd has initiated a significant restructuring of its leadership, appointing Maryam Idrisu as the…
IMF Flags Ghana’s Energy Sector as Top Economic Risk, Urges Reform
The International Monetary Fund (IMF) has strongly backed Ghana’s Finance Minister’s warning that the country’s energy sector represents the biggest…
FCCPC asks Ibadan Disco to refund customers’ transformer investments
The Federal Competition and Consumer Protection Commission (FCCPC) has directed the Ibadan Electricity Distribution Company (IBEDC) to refund customers for…
Nigeria’s Carbon Market Policy Set to Unlock $2.5 Billion by 2030, Drive Green Investment Surge
President Bola Ahmed Tinubu has unveiled Nigeria’s newly finalised Carbon Market Activation Policy, projected to attract up to $2.5 billion…
IOCs Undermine Nigerian Refineries by Dodging Local Crude Supply Mandates
Despite legal obligations under Nigeria’s Petroleum Industry Act (PIA), international oil companies (IOCs) continue to bypass direct supply of crude…
CBEX: Oil & gas investors hit hard as fraud surpasses N2trn
The abrupt collapse of Crypto Bridge Exchange (CBEX), a digital investment platform exposed as a Ponzi scheme, has left thousands…
Petrol Prices May Drop to N800/Litre as Dangote Refinery Slashes Rates Amid Falling Crude Prices
Petrol prices in Nigeria could soon fall to around N800 per litre due to a combination of declining global crude…
Dangote Refinery Slashes Petrol Ex-Depot Price to N835 Amid Global Crude Dip
Dangote Petroleum Refinery has once again brought some relief to the downstream oil sector by cutting the ex-depot price of…
Nigerian Government Grants 47 Refinery Licenses to Boost Domestic Production and Energy Security
In a significant move to enhance Nigeria’s refining capacity and reduce reliance on imported petroleum products, the Federal Government has…
AEW 2025 Sets Stage for Africa’s $43bn Energy Boom, Focuses on Transition and Investment
The African Energy Week (AEW) has officially launched its 2025 conference, marking a pivotal moment in Africa’s energy future. Capital…
Lagos Partners with REA to Expand Renewable Energy Access and Bridge Power Gaps
In a decisive move to tackle Lagos State’s longstanding energy challenges, the Lagos State Government has signed a Memorandum of…
OPEC Lowers Oil Demand Forecast as US Tariffs Rattle Global Markets
OPEC has revised its global oil demand growth forecast for 2025, trimming it to 1.3 million barrels per day (bpd),…
Nigeria’s Oil Production Hits 2025 Low, Threatening Budget and Economic Stability
Nigeria’s oil production has dropped to its lowest level in 2025, raising concerns over the country’s economic outlook and ability…