FG Seeks Continued EU Support for Nigeria’s Power Sector Reform
The Nigerian government is calling for continued technical and financial support from the European Union (EU) to address the challenges…
Category: Energy
Enugu issues 5MW power licence, boosts private sector participation in electricity market
Enugu State has issued a new 5MW power generation license to Tempo Power Solutions Ltd, authorizing the company to establish…
NNPC Pushes Forward with 72% Completion of AKK Pipeline, Reaffirms Commitment to Energy Transition
The Nigerian National Petroleum Company (NNPC) Limited has reported a 72% completion rate on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project,…
Dangote Refinery Reduces Ex-Deport Petrol Price from N880 to N865 per Litre
Dangote Petroleum Refinery and Petrochemicals has announced a reduction in its ex-gantry loading cost for petrol from N880 to N865…
Experts Urge Dialogue as Nigeria Braces for Impact of Trump’s 90-Day Tariff Pause
In the wake of U.S. President Donald Trump’s announcement of a 90-day pause on tariff hikes, experts are calling for…
FG Signs $328.8 Million Electricity Transmission Agreement with Chinese Firm
The Federal Government of Nigeria has signed a significant $328.8 million contract with China Machinery Engineering Corporation (CMEC) to rehabilitate…
Dangote Refinery begins global export of refined petroleum products
The Dangote Petroleum Refinery has officially kicked off global exports of refined petroleum products, marking a major milestone for Nigeria’s…
Crude Oil Plunges to $60 as China Strikes Back with Steep Tariffs
Crude oil prices plunged on Wednesday, with Brent falling to $60.46 per barrel, down from $63 the previous day, and…
FG Confirms Continuation of Crude and Refined Product Sales in Naira Initiative
The Federal Government has reaffirmed that the Crude and Refined Product Sales in Naira initiative is a permanent policy. The…
Presidential CNG Initiative to Launch 150 New Stations in 18 Months Amid Safety Efforts
The Presidential CNG Initiative (PCNGI) has announced plans to establish at least 150 new refueling stations across Nigeria within the…
FG to Receive First Batch of 3.2 Million Electricity Meters in April 2025
In a bid to address the significant metering gap in Nigeria’s electricity sector, the Federal Government has announced plans to…
Hoodlums Vandalize Major Gas Pipeline in Bayelsa, State Government Vows Action
In a recent act of vandalism, suspected oil thieves have attacked the Ogboinbiri/Obiobi 24-inch gas pipeline, located between Angiama and…
Nigerian DisCos Face 33% Revenue Shortfall in 2024 Amid Metering Issues and Poor Service
In 2024, Nigeria’s electricity distribution companies (DisCos) experienced a significant 33% revenue shortfall, collecting only N1.699 trillion of the N2.196…
Sabotage of Trans-Niger Pipeline Threatens Nigeria’s Oil Production Recovery
Recent sabotage of Nigeria’s Trans-Niger Pipeline (TNP) has raised concerns over the country’s oil security just as it was making…
UK-listed Savannah Energy Acquires Nigerian Oil Assets for $35 Million to Boost Production
Savannah Energy, a UK-listed independent energy company, has successfully completed its acquisition of Sinopec International Petroleum Exploration and Production Company…
FG Investing Trillions in Economic Reforms for Long-Term Growth – Atiku Bagudu
Nigeria’s federal government is making significant strides toward economic transformation by channeling trillions of naira into key sectors to promote…
Price of cooking gas drops 13.3% to N16,250 — Investigation
The price of cooking gas (Liquefied Petroleum Gas, LPG) in Nigeria decreased by 13.3% in January 2025, with the cost…
Dangote to NNPC Ltd: Your statement on $1bn refinery investment inaccurate, misleading
Dangote Petroleum Refinery has refuted claims made by the Nigerian National Petroleum Company Limited (NNPCL) about its role in a…
Tinubu to German investors: Energy, solid minerals key to Nigeria’s economic growth
President Bola Tinubu highlighted Nigeria’s potential for growth in the energy and solid minerals sectors during a business meeting with…
Forex Challenges Blamed for High Petrol Prices in Nigeria
Operators in Nigeria’s downstream oil sector attribute the high cost of locally refined petrol to dollar-denominated charges on refining and…
Equinor exits Nigeria, completes $1.2bn asset sale to Chappal Energies
Equinor, the Norwegian energy giant, has exited Nigeria after three decades of operations, finalizing the $1.2 billion sale of its…
Oil & Gas Industry: PENGASSAN Kicks Against Flagrant Abuse Of Expatriate Quota
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised concerns about the high number of expatriates…
Equinor ends 31years Nigerian journey for profitable markets
Norwegian energy company Equinor has exited Nigeria after 31 years, finalizing its divestment from the West African country. The move…
Marketers Begin Direct Loading From Dangote Refinery
Independent Petroleum Marketers Association of Nigeria (IPMAN) has commenced direct premium Motor Spirit (PMS) from the Dangote Refinery, following an…
Mixed reactions trail moves to privatisee PH, Warri, Kaduna refineries
The Nigerian government has confirmed its plans to privatize the country’s four government-owned refineries in Port Harcourt, Warri, and Kaduna,…
Nigerian Manufacturers Face Rising Energy Costs and Operational Challenges in H1 2024
In the first half of 2024, Nigerian manufacturers spent a staggering N238.31 billion on alternative energy sources due to unreliable…
Heirs Energies Charts Africa’s Energy Future at AEW 2024 with Bold Solutions and Strategic Vision
Heirs Energies, a top African energy firm, significantly impacted the African Energy Week (AEW) 2024 held in Cape Town. CEO…
Oil Marketers Oppose Dangote Refinery’s Bid for Petrol Import Monopoly in Nigeria
Three major oil marketers, AYM Shafa Limited, A. A. Rano Limited, and Matrix Petroleum Services Limited, have challenged Dangote Refinery’s…
Africa Targets $58 Billion Investment to Boost Oil and Gas Sector
Nigeria, Libya, and Angola are set to spearhead a forecasted $58 billion investment influx into Africa’s oil and gas upstream…
Consumers protest as Discos hike meter price by 28%
Nigeria’s power distribution companies (Discos) have announced a significant increase in electricity meter prices, the second hike in just four…