Browsing Category
Energy
Rising Oil Prices Hit Nigerians Hard as Post-Subsidy Economy Faces Test
Nigeria is feeling the full impact of rising global oil prices, with no fuel subsidy to soften the blow. Since the…
FG Targets 5.2 Million Nigerians with Electricity Connections Under $750M World…
The Federal Government of Nigeria is ramping up efforts to expand electricity access, aiming to connect 5.2 million…
US Cuts Nigerian Crude Imports by Nearly 50% in January 2026: What It Means for…
The United States sharply reduced its imports of Nigerian crude oil in January 2026, marking a nearly 50% drop…
European Markets Fall as Iran War Escalation Rattles Global Investors
European markets started the week on a cautious note, slipping into negative territory on Monday as investors…
Petrol Price in Nigeria Remains High Despite Dangote Cut as Global Oil Tensions…
Despite a recent price reduction by the Dangote Petroleum Refinery, petrol price in Nigeria has remained stubbornly…
Zelensky Urges EU to Confiscate Russian Oil and Block Shadow Fleet Ships
Ukrainian President Volodymyr Zelensky on Thursday urged European countries to take stronger measures against…
Tinubu Expands CNG Initiative to Include Electric Vehicles, Boosting Nigeria’s…
President Bola Tinubu has approved a major expansion of the Presidential Initiative on Compressed Natural Gas…
NNPC/Seplat JV Transforms Lives with ‘Eye Can See’ Free Eye Care Programme in Imo
The NNPC/Seplat Joint Venture (JV) has made a remarkable impact on the health and well-being of residents in Imo…
Nigeria’s Power Sector Reforms Attract $2 Billion Investment, Liabilities Slashed…
Nigeria’s ongoing power sector reforms are yielding tangible results, attracting $2 billion in fresh investment and…
Dangote Refinery Cuts Petrol Price to N1,200 Amid Global Oil Market Volatility
Dangote Petroleum Refinery has announced a significant reduction in its ex-gantry petrol price, bringing it down to…
Oil Prices Surge Past $100 Amid Middle East Tensions and Supply Disruptions
Oil prices rebounded sharply on Thursday, recovering from a brief dip as fading hopes for a swift end to the Iran…
NNPC says Nigeria is attracting more buyers for LNG cargoes
Nigeria is witnessing a surge in interest for its liquefied natural gas (LNG) cargoes as global energy disruptions…
Nigeria Fast-Tracks Idle Oil Wells as NUPRC Approves PEL No. 5 for SeaSeis…
Nigeria is fast-tracking efforts to boost its oil production as crude prices hover near $100 a barrel. The Nigerian…
$6B Funding Gap Threatens Nigeria’s Oil Output Surge and Crude Supply to Dangote…
Nigeria’s ambition to rapidly increase oil production could be hampered by a staggering $6 billion capital…
Dangote Refinery Receives Only 5 Crude Cargos Monthly Amid Crude-for-Naira…
The Chief Executive Officer of the Dangote Refinery, David Bird, has raised alarms over a significant shortfall in…
Nigeria LNG Demand Surges as Middle East War Disrupts Global Energy Supply
Nigeria is witnessing a significant increase in demand for its liquefied natural gas (LNG), as global buyers rush…
Middle East Crisis Pushes Brent Oil Above $100: Nigerians Face Rising Fuel Costs
The ongoing crisis in the Middle East continues to push global energy prices higher, with Brent crude oil surging…
Nigeria Needs $100bn Investment to Achieve Reliable Electricity, Says FG
Nigeria requires more than $100 billion in investments across its power sector to ensure a reliable,…
NNPC to Increase Oil Production by 100,000 BPD Amid Global Energy Pressures
Nigeria’s state oil company, the Nigerian National Petroleum Company Limited (NNPC), is set to increase its oil…
Petrol Hits N1,400/Litre: NLC, OPS Demand Urgent Government Action Amid Fuel…
The Organised Private Sector (OPS) and the Nigeria Labour Congress (NLC) have urged the Federal Government to act…
NNPC Eyes 100,000 bpd Boost in Nigeria’s Crude Oil Production Amid Global Supply…
Nigeria could soon see a significant boost in crude oil production, with the Nigerian National Petroleum Company…
Dangote LPG Price Hike Pushes Cooking Gas to N1,000/kg in Nigeria
The cost of cooking gas in Nigeria is climbing again, raising fresh concerns for households already dealing with…
Dangote Refinery Threatens Fuel Export Amid Fresh Petrol Import Licences
Nigeria’s energy landscape faces a potential shake-up as the Dangote Petroleum Refinery considers exporting all its…
Dangote Refinery Boosts African Fuel Supply with 456,000-Tonne Export to Ghana,…
The Dangote Petroleum Refinery has marked a major milestone with the export of 12 cargoes of refined petroleum…
Nigeria’s Petrol Import Bill Falls to $10 Billion as Domestic Refining Boosts…
Nigeria’s petrol import bill declined sharply to $10 billion in 2025, down from $14.06 billion in 2024, signaling a…
Nigerian DisCos Record N2.4 Trillion Loss Amid Worsening Electricity Blackouts
Nigeria’s electricity distribution companies (DisCos) have reported combined losses of N2.349 trillion over the…
Nigeria Earns $31.54 Billion from Crude Oil Exports in 2025 Amid Shifting Energy…
Nigeria earned $31.54 billion from crude oil exports in 2025, marking a 14.41% decline from $36.85 billion in 2024,…
Dangote Refinery Exports Fuel Across Africa Amid Supply Crisis
Nigeria’s Dangote Petroleum Refinery is rapidly reshaping Africa’s energy landscape after exporting 12 cargoes of…
Oil Prices Surge Above $119 as Nigeria’s Petrol Price Hits N1,200 per Litre
Global oil prices jumped sharply on Thursday, with Brent crude climbing above $119 per barrel, as escalating…
Middle East Crisis Threatens Africa’s Fuel Supply Chain
Africa’s fuel supply is coming under serious pressure as escalating tensions in the Middle East disrupt critical…