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Energy
Nigeria Gas Flaring Hits 203.9 Billion SCF in 2025 Despite High Utilisation –…
Nigeria continued to struggle with gas flaring in 2025, releasing over 203.9 billion standard cubic feet (SCF) of…
Clean Energy Momentum Grows Globally, but Nigeria and Africa Lag Behind
As the world observed International Clean Energy Day, United Nations Secretary-General António Guterres delivered a…
NNPC Petrol Price Increase: Lagos Rises to N835, Abuja to N839 Amid Market Forces
The Nigerian National Petroleum Company (NNPC) Limited has increased petrol prices, with Lagos motorists now paying…
NIPetE Symposium Highlights Innovation-Driven Future for Nigeria’s Energy Sector
Nigeria’s energy future is poised for transformation, as experts at the 2026 NIPetE Oil and Gas Symposium…
Nigeria Crude Oil Exports Set to Fall 14% in March Amid Bonga and Forcados…
Nigeria’s crude oil exports are expected to drop by about 14% in March 2026, falling to roughly 793,000 barrels per…
Nigeria Earns ₦55.5 Trillion from Crude Oil Sales in 2025 Despite Production…
Nigeria generated an estimated ₦55.5 trillion in crude oil revenue in 2025, driven largely by global oil prices…
NUPRC Engages Global Investors Ahead of 2025 Oil & Gas Licensing Round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is reaching out to global energy investors, upstream…
FG’s N501 Billion Power Sector Bond Fully Subscribed, Boosting Investor Confidence…
The Federal Government of Nigeria has successfully achieved full subscription for its N501 billion inaugural power…
Nigeria’s Chevron-NNPC Discovery Set to Boost Daily Crude Output to 146,000…
Nigeria is set to ramp up its crude oil production following a major offshore discovery by Chevron Nigeria Limited…
Imported Petrol Undercuts Dangote Refinery Price After Gantry Hike
Imported petrol has become cheaper than fuel produced by the Dangote Petroleum Refinery, following a recent…
NNPC, Chevron Target 146,000bpd as Awodi-07 Oil Discovery Boosts Production Hopes
The Nigerian National Petroleum Company Limited (NNPC) and Chevron Nigeria Limited have set sights on…
NNPC Confirms Major Oil Discovery at Awodi-07 Well in Niger Delta
The Nigerian National Petroleum Company Limited (NNPC Ltd) has confirmed a significant oil discovery at the…
Tinubu Secures $20bn Shell Investment for Nigeria’s Energy Sector
Nigeria’s President Bola Tinubu has successfully reinforced the country’s investment appeal, welcoming Shell Plc’s…
Pipeline Infrastructure Ltd Pledges Support for Nigeria’s 2.5 Million BPD Crude…
Pipeline Infrastructure Nigeria Limited (PINL), the private security company responsible for monitoring the Eastern…
Dangote Refinery Becomes Key Player in Global Fuel Market Amid Europe and U.S.…
Africa’s richest man, Aliko Dangote, is positioning his Lagos-based mega-refinery as a critical player in the…
Oil prices hold above Nigeria’s $64.85 budget amid Middle East tensions
Global oil prices remained firm on Monday, trading above Nigeria’s 2026 budget benchmark of $64.85 per barrel, as…
Dangote Refinery Switches to Lighter Crude as Cracker Downtime Slows Ramp-Up
The Dangote Petroleum Refinery has switched to processing lighter crude oil as it works to limit production…
Tony Elumelu Joins Seplat Energy Board Following $496 Million Stake Acquisition
Seplat Energy Plc has announced the appointment of prominent Nigerian entrepreneur and philanthropist Tony Elumelu…
Shell’s $5 Billion Bonga Southwest Project Gets Presidential Approval to Boost…
President Bola Tinubu has given the green light for targeted incentives to finally unlock Shell’s long-delayed $5…
Nigeria’s Oil Industry in 2025: Investment, Reforms, and Rising Production
Nigeria’s oil and gas sector experienced a transformative 2025, marked by policy reforms, strategic acquisitions,…
World Bank Backs $50 Million Solar Farming Expansion to Boost Nigeria’s…
The World Bank has approved $50 million to scale solar-powered agricultural solutions in Nigeria and five other…
Nigeria’s Cooking Gas Imports Drop to 13% as Domestic Production Rises
Nigeria is increasingly relying on local production for its cooking gas needs, with imports falling to just 13% of…
PETROAN Urges Clear Timeline for Nigeria’s Refineries After $4 Billion Spent
Oil marketers under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have called on…
Nigeria Produces 554 Million Barrels of Oil in 2025 as Daily Output Hits 1.63 mbpd
Nigeria’s crude oil and condensate production totaled 554.4 million barrels in 2025, according to the Nigerian…
Dangote Refinery Gains Global Edge as European, US Refinery Shutdowns Tighten Fuel…
The recent closure of refineries across Europe and North America has reshaped global fuel supply, offering…
Yuletide Rush: Nigerians Spent N1.58 Trillion on Petrol in December 2025 — NMDPRA…
Nigerians spent an estimated N1.58 trillion on petrol in December 2025, highlighting the heavy cost of fuel during…
$16B Post-PIA Investment Spurs Gradual Recovery in Nigeria’s Oil Sector
Nigeria’s oil and gas sector is showing early signs of recovery, driven by regulatory reforms, rising indigenous…
Global Oil Prices Fall Below Nigeria’s $64.85 Budget Benchmark Amid Oversupply…
Global oil prices fell sharply on Wednesday, dipping below Nigeria’s 2026 budget benchmark of $64.85 per barrel,…
Seplat Energy Begins Gas Production at ANOH Project, Boosting Nigeria’s Domestic…
Seplat Energy Plc has commenced gas production from its 300 million standard cubic feet per day (MMcfd) Assa…
Domestic Refineries Poised to Cut Petrol Imports as Local Capacity Rises in 2026
Domestic oil refiners in Nigeria say the country is on the verge of drastically reducing petrol imports in 2026, as…