Oil Prices Drop Sharply as Iran–US Peace Talks Ease Global Supply Fears
Oil prices fell sharply on Tuesday after renewed optimism over a possible diplomatic breakthrough between…
Category: Energy
Nigeria Petrol Imports Crash by N2.18 Trillion in Q1 2026 as Local Refining Reshapes Energy Market
Nigeria’s petrol import bill has taken a dramatic nosedive, falling by a staggering N2.18 trillion…
Nigeria’s Crude Oil Exports Hit N11.2 Trillion in Q1 2026 Despite Market Swings
Nigeria’s crude oil exports climbed to N11.20 trillion in the first quarter of 2026, reinforcing…
Heirs Energies Wins Global Oil & Gas Deal of the Year for $750M Afreximbank Financing Breakthrough
Heirs Energies Limited, one of Nigeria’s fast-growing indigenous energy companies, has earned major global recognition…
NUPRC and NNRA Partner to Cut Oil Production Costs and Strengthen Safety Regulations in Nigeria’s Upstream Sector
Nigeria’s upstream oil and gas sector is set for a major regulatory shake-up as the…
Nigeria Left Out as OPEC Raises Oil Quotas for Algeria, Saudi Arabia and Others in Latest Output Adjustment
Nigeria has once again missed out on benefiting from the latest oil production quota adjustments…
Oil Prices Drop as Middle East Tensions Ease on Ceasefire Hopes and Supply Shifts
Global oil prices slipped sharply on Thursday as easing tensions in the Middle East sparked…
Nigeria Considers Debt Refinancing as Oil Prices Surge Amid US Tariff Threats
Nigeria is weighing a major financial reset as it considers refinancing parts of its costly…
Dangote Refinery Fuel Price Exceeds Import Landing Cost as Market Data Sparks Debate in Nigeria
Recent industry data has sparked fresh discussions in Nigeria’s downstream oil sector, as figures show…
Dangote Refinery Targets Global Jet Fuel Dominance with 700,000 BPD Expansion Plan
Dangote Refinery is setting its sights on becoming a dominant force in the global jet…
Dangote Refinery and the refining of sovereignty
In the heart of Lekki, Lagos, the Dangote Refinery is doing more than processing crude…
World Bank Expands West Africa Power Grid, Boosting Electricity Access for Millions
The World Bank has reported major progress in its regional electricity initiative aimed at improving…
Meren Energy Nigeria Investment Boost as NUPRC Confirms 2026 Licensing Round Timeline
Meren Energy has announced plans to deepen its investment footprint in Nigeria’s oil and gas…
Tinubu Approves 2026 Oil Block Licensing Round as Nigeria Targets Fresh Upstream Investment Surge
Nigeria is set for a new wave of oil sector activity as President Bola Tinubu…
NOG Energy Forum 2026 to Tackle Gas Monetisation and Decarbonisation as Global Energy Pressures Mount
The 2026 edition of the NOG Energy Week is set to become a major global…
Dangote alleges crude supply sabotage by govt, NNPC objects
The battle between Africa’s richest man’s refinery and Nigeria’s oil authorities has escalated, as the…
DisCos Generate N600bn in Q1 Despite Persistent Power Outages Across Nigeria
Nigeria’s Electricity Distribution Companies (DisCos) generated nearly N600 billion in revenue during the first quarter…
Petrol Price Surges 643% in Nigeria as Fuel Crisis Deepens Amid Global Oil Shocks
Nigeria’s fuel market has witnessed a dramatic and painful transformation as the price of Premium…
Oil Workers Shut Down NUPRC Nationwide Over Foreign Training Dispute
Operations at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) were brought to a standstill on…
Oil Prices Surge as US–Iran Diplomacy Collapses Over Middle East Tensions
Global oil prices surged on Monday after diplomatic efforts between the United States and Iran…
Nigeria’s Gas Reserves Set to Power Global AI Revolution, Boost Digital Infrastructure
As artificial intelligence (AI) continues to reshape industries worldwide, the race to secure reliable energy…
Nigeria’s Crude Oil Sector Grows 16.4% Despite Falling Production — Signs of a Quiet Recovery Emerging
Nigeria’s crude petroleum sector has posted a surprising 16.37% year-on-year growth in the first quarter…
NNPC Profit Soars to N481bn as Revenue Hits N4.97tn in April 2026 Amid Oil Output Recovery
The Nigerian National Petroleum Company Limited (NNPC) has reported a strong financial performance for April…
European Stocks Slip as Defense Sector Surges on Ukraine’s $105B EU Loan Boost
European shares ended lower on Thursday as investors reacted cautiously to rising geopolitical tensions and…
Nigeria Spends £1.1bn on UK Refined Oil as Fuel Import Dependence Persists in 2025
Nigeria’s dependence on imported fuel remains a major talking point in its energy sector, as…
Dangote Refinery Becomes World’s Largest Jet Fuel Exporter Amid Global Supply Disruptions
Nigeria’s Dangote Petroleum Refinery has achieved a major milestone, emerging as the world’s largest exporter…
FG, World Bank Cancel $717.7 Million Power Sector Loan as Tariff Deficits Worsen
The Federal Government and the World Bank have agreed to cancel approximately $717.7 million in…
Alaoji Power Plant Restored: NDPHC Revives 450MW Facility Amid Nigeria Electricity Recovery Push
Nigeria’s power sector received a major boost as the Niger Delta Power Holding Company (NDPHC)…
Oil Prices Rise as US Strikes in Iran Stall Peace Deal Hopes, Global Stocks Turn Mixed
Global oil prices climbed on Tuesday while stock markets showed mixed performance, as renewed U.S.…
UK Exempts Nigeria from Russian Fuel Sanctions Tightening Amid Global Energy Shift
The United Kingdom has exempted Nigeria from stricter compliance checks under its updated sanctions regime…