Oil Marketers Raise Alarm Over N1,350 Petrol Pricing, Question Import Licences
Nigeria’s downstream petroleum sector is facing fresh controversy as oil marketers have accused major fuel importers of selling petrol at…
Category: Energy
Cooking gas imports surge by 1,400% as petrol supply dips by 22%
Nigeria’s dependence on imported cooking gas has intensified after Liquefied Petroleum Gas (LPG) imports soared by an astonishing 1,400 percent…
Nigerian Crude Prices Surge as US-Iran Conflict Disrupts Strait of Hormuz Shipping
Nigerian crude prices surged to a 10-day high after escalating military tensions between the United States and Iran sparked fresh…
IPMAN Warns Rising Petrol Imports Could Trigger Higher Fuel Prices in Nigeria
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has sounded the alarm over the growing number of petrol import licences…
Dollar sale row: Marketers halt Dangote fuel loading, FG steps in
Nigeria’s downstream petroleum sector has been thrown into fresh uncertainty following reports that the Dangote Petroleum Refinery has adopted a…
Dangote Refinery Emerges Major Winner as US-Iran Conflict Boosts Demand, Wealth Soars
Africa’s richest man, Aliko Dangote, is emerging as one of the biggest beneficiaries of the global energy market disruptions triggered…
Nigeria Crude Oil Production Hits N41.7tn in Six Months as Output Shows Strong Recovery
Nigeria earned an estimated N41.74 trillion from crude oil and condensate production in the first six months of 2026, highlighting…
Dangote Refinery Crude Imports Raise Fresh Doubts Over Nigeria’s Crude-for-Naira Policy
Nigeria’s crude-for-naira initiative has come under renewed scrutiny following revelations that the Dangote Petroleum Refinery imported nearly 39.9 million barrels…
PETROAN Urges Refinery Revival as Dangote Refinery Switches to Dollar Sales
Nigeria’s downstream petroleum sector is facing renewed uncertainty as the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has…
NERC CapEx Order Triggers Power Sector Showdown as DisCos, State Regulators Push Back
Nigeria’s electricity sector has been thrust into the spotlight following the implementation of the NERC CapEx Order, a new directive…
U.S. Crude Inventories Drop 1.7 Million Barrels as Iran Tensions Keep Oil Markets on Edge
The latest U.S. Energy Information Administration (EIA) report has revealed a significant decline in American crude oil stockpiles, with inventories…
Dangote Refinery Shields Nigerians from Global Fuel Price Shock, Says S&P Global
Dangote Petroleum Refinery is playing a crucial role in protecting Nigerians from the impact of rising global fuel prices, according…
China Oil Inventories Emerge as Key Force Behind the Next Global Oil Rally
China’s massive oil stockpiles are rapidly becoming one of the most influential factors in the global energy market, with analysts…
Federal Govt Inaugurates Joint Decarbonisation Group For Oil, Gas Sector
Nigeria has taken a major step toward balancing economic growth with climate responsibility following the inauguration of the Joint Decarbonisation…
FG Grants Shell $11.5 Per Barrel Tax Credit to Unlock $20 Billion Bonga Deepwater Investment
The Federal Government has approved a special production-linked tax credit for Shell Plc’s Bonga Southwest Aparo deepwater oil project, a…
NNPC and African Oil Giants Unite to Launch $5B Bank and End Fuel Imports
Africa is officially tired of exporting its wealth and buying it back at a premium. In a massive push toward…
Nigeria Oil Sector Reforms: IPPG Pushes for Coordinated Action to Boost Global Competitiveness
Nigeria’s oil and gas industry has been urged to embrace a new wave of coordinated reforms aimed at transforming the…
South Africa Strategic Oil Reserve Plan Targets 36 Million Barrels to Boost Energy Security
South Africa is set to significantly strengthen its energy security with plans to establish a strategic petroleum reserve of approximately…
Dangote Refinery Switches to Dollar Pricing, Ends Naira Payments for Petrol Sales
Dangote Petroleum Refinery has officially ended naira-denominated transactions for the sale of petrol, diesel, and aviation fuel, marking a significant…
TotalEnergies Demands Nigeria’s Gas Potential Unlocked For Domestic Market, Exports
Nigeria is sitting on an energy goldmine, and the world is officially knocking on its door. At the 25th Nigeria…
Oil Prices Surge Above $80 as Trump Revives Iran Blockade, Raising Global Supply Fears
Global oil markets were shaken on Monday as crude prices surged above $80 per barrel following a dramatic escalation in…
Nigeria Crude Oil Production 2026 Soars to Highest Level in Over Six Years
Nigeria’s energy sector is humming with newfound energy as the nation’s crude oil production soared to an average of 1.56…
Tanzanian Billionaire Backs Dangote’s Kenya Refinery Plan with $100 Million Investment Offer
Africa’s drive toward industrial self-sufficiency received a major boost after Tanzanian billionaire Mohammed Dewji announced his willingness to invest $100…
Dangote Refinery Cuts Petrol Price Again as Rising Crude Oil Prices Threaten Market Stability
The Dangote Petroleum Refinery has announced another reduction in its ex-depot price of Premium Motor Spirit (PMS), popularly known as…
Oil Hits $80 as Trump Ends Iran Ceasefire, Raising Fresh Fuel Price Fears Worldwide
Global oil markets were thrown into fresh uncertainty on Wednesday after crude prices climbed to $80 per barrel following a…
NNPC Ends Crude-Backed Loans for Refineries, Pushes Port Harcourt and Warri Plants Toward Self-Sustainability
The Nigerian National Petroleum Company Limited (NNPC) has unveiled a major shift in its refinery financing strategy, announcing that the…
NUPRC Awards 19 Oil Prospecting Licences as Nigeria Secures Fresh Upstream Investments
Nigeria has taken another major step toward revitalizing its oil and gas industry as the Nigerian Upstream Petroleum Regulatory Commission…
Dangote Refinery Launches Free Petrol Delivery to Abuja, Five States Amid Fuel Price Relief
Dangote Petroleum Refinery has taken another significant step in Nigeria’s fuel market by launching free delivery of Premium Motor Spirit…
Oil Surges, Global Stocks Tumble as Trump Declares Iran Ceasefire Over
Global financial markets were thrown into fresh uncertainty on Wednesday after United States President Donald Trump declared that the ceasefire…
Nigeria’s $25bn Oil and Gas Financing Gap Sparks Call for Urgent Investment Partnerships
Nigeria’s oil and gas industry is facing a major hurdle that could slow growth and investment across the sector. Industry…