Browsing Category
Energy
Ghana to Cut Fuel Taxes and Levies to Ease Rising Pump Prices Amid Global Energy…
Ghana has announced a major policy shift aimed at easing pressure on consumers, as the government moves to remove…
Fuel Price Hike in Nigeria: TUC Proposes Crude Subsidy for Local Refineries to…
The Trade Union Congress (TUC) of Nigeria has called on the federal government to intervene in the rising cost of…
NNPC Pushes AI Adoption, Targets $34bn Investment Pipeline to Cut Oil Production…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has revealed a major push toward artificial intelligence…
PIA reforms drive over $10bn upstream oil investment in Nigeria – NUPRC
The implementation of the Petroleum Industry Act (PIA) and sweeping regulatory reforms have triggered a…
Nigeria Oil Output Hits 1.84mbpd as Lawmakers Back Pipeline Surveillance Contracts
Nigeria’s crude oil production has climbed sharply to 1.84 million barrels per day (bpd) in 2025, marking a…
NNPC Pushes AI Adoption to Boost Nigeria’s Oil Output to 3mbpd
The Nigerian National Petroleum Company Limited (NNPC) is accelerating the adoption of artificial intelligence (AI)…
Nigeria’s Crude Oil Output Hits 1.84 Million BPD as Pipeline Security Improves
Nigeria’s crude oil production has surged from a historic low of 960,000 barrels per day (bpd) in 2022 to an…
Strategic Partnerships Urged Between Host Communities and Oil Companies to Boost…
Stakeholders in Nigeria’s oil sector are advocating for stronger strategic partnerships between host communities,…
African Development Bank Launches $20 Million Green Hydrogen Funding to Boost…
The African Development Bank (AfDB) has announced a $20 million funding initiative aimed at accelerating green…
Dangote Cuts Petrol Prices to N1,200 After Global Crude Oil Drop
In a surprising reversal, the Dangote Petroleum Refinery & Petrochemicals has cut the ex-gantry price of…
World Bank Flags Fiscal Risks in Nigeria’s N4tn Power Sector Bond
The World Bank has raised concerns over Nigeria’s N4tn bond programme designed to settle long-standing debts owed…
Oil Prices Plunge 14% to $94 Amid US-Iran Ceasefire: Impact on Nigeria’s Bonny…
Nigeria’s Bonny Light crude has tumbled by 14.2%, falling to $94.41 per barrel from $110 per barrel, following the…
Petrol Price Drop Expected in Nigeria as Global Oil Prices Crash 15%
Nigerian motorists may finally get some relief at the pumps as global crude oil prices recorded a sharp decline,…
Oil Shock to Drive Nigeria Inflation Up by 3.1 Points, Warns World Bank
Nigeria faces a rising inflation threat as global oil prices surge, the World Bank has warned. In its latest…
Africa Must Fast-Track Renewable Energy as Global Capacity Hits Record
Global renewable energy capacity reached an all-time high in 2025, surging to 5,149 gigawatts (GW) with the…
Dangote Refinery Hikes Petrol to N1,275, Diesel Hits N1,950 Amid Global Oil…
Nigeria’s Dangote Petroleum Refinery has raised the gantry price of petrol and diesel, with petrol now costing…
Nigerian Oil Prices Drop Below $95 as US-Iran Ceasefire Opens Strait of Hormuz
Nigerian oil prices tumbled below $95 per barrel on Wednesday following news that Iran agreed to a temporary…
NNPC Launches Cawthorne Crude Exports with 950,000-Barrel Maiden Shipment
The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially begun exporting its latest crude grade,…
World Bank Urges Nigeria to Resume Petrol Imports Amid Rising Fuel Prices
Nigeria may need to reopen its doors to petrol imports as rising global energy costs and supply constraints…
Nigeria Excluded from OPEC+ Crude Oil Production Hike Amid Global Market…
Nigeria has once again been excluded from the latest crude oil production increase by the Organisation of Petroleum…
GenCos Question N3.3tn Power Sector Debt Settlement Amid Delayed Payments
The Federal Government’s renewed approval of N3.3tn to settle long-standing power sector debts has ignited fresh…
Nigeria Achieves Fiscal Milestone: Non-Oil Revenue Now 75% of Federation Funds
Nigeria has marked a historic turning point in its economic landscape, as non-oil revenue now accounts for 75 per…
Nigeria’s Power Sector Gets N3.3 Trillion Lifeline as Eight GenCos Sign Debt…
Eight of Nigeria’s major power generation companies, including Transcorp Power, Egbin Power, and Geregu Power Plc,…
Nigeria Launches 950,000-Barrel Export of New Cawthorne Crude, Boosting Energy…
The Nigerian National Petroleum Company Limited (NNPC) has successfully exported 950,000 barrels of the newly…
Tinubu’s Naira-for-Crude Policy Ensures Fuel Supply Stability Amid Global Energy…
President Bola Tinubu’s Naira-for-Crude initiative has helped Nigeria maintain a stable supply of petroleum…
Nigeria’s Oil and Gas Reserves Reach 37 Billion Barrels and 215 TCF in 2026, NUPRC…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially confirmed the country’s total…
Oil Prices Surge Over 5% as Trump Warns US Will Hit Iran “Extremely Hard”
Oil prices jumped sharply on Thursday, climbing more than 5% after U.S. President Donald Trump signalled that the…
Oil Prices Surge Over 6% as Trump’s Iran War Threat Escalates Market Fears
Oil prices jumped sharply on Wednesday, with global benchmark Brent crude rising more than 6%, after U.S. President…
Afreximbank Leads $4 Billion Funding Boost for Dangote Refinery
The African Export-Import Bank (Afreximbank) has underwritten $2.5 billion of a $4 billion senior syndicated term…
NNPC to Boost Crude Supply to Dangote Refinery from May Amid Rising Fuel Prices
The Nigerian National Petroleum Company Limited (NNPC) will increase crude oil allocations to the Dangote Refinery…