Browsing Category
Energy
Oil Prices Drop to $91 as Trump Signals Possible End to Middle East War
Global oil prices fell sharply to around $91 per barrel on Tuesday after soaring to a more than three-year high the…
Market slows as Dangote hikes petrol, diesel to N1,175/N1,620
Nigeria’s petroleum market faced renewed uncertainty on Monday after Dangote Petroleum Refinery increased ex-depot…
Dangote Refinery Buys Nigerian Crude at International Prices, Fuel Costs Remain…
The Managing Director and CEO of Dangote Petroleum Refinery, David Bird, has explained why Nigerian fuel prices are…
Nigerian DisCos Generate N2.3tn Revenue in 2025 Despite Persistent Power Outages
Nigeria’s electricity distribution companies (DisCos) generated a combined N2.33 trillion in revenue in 2025, even…
NNPC Posts N385bn Profit as Oil Production Rises to 1.64mbpd
The Nigerian National Petroleum Company Limited reported a profit after tax of N385 billion in January 2026,…
Dangote Fertiliser Demand Surges as US–Israel–Iran Conflict Disrupts Global Supply
Demand for fertiliser produced by Dangote Industries Limited has surged in recent weeks as the escalating tensions…
Nigeria LNG Cargo Diverted to Asia Amid Record Gas Price Surge
A shipment of liquefied natural gas (LNG) from Nigeria has been redirected to Asia as soaring regional prices…
NNPC Moves to Secure Foreign Crude for Dangote Refinery Amid Rising Petrol Prices…
The Nigerian National Petroleum Company Limited (NNPC) has initiated plans to secure crude oil for the Dangote…
FG Promises Completion of 570MW Alaoji Power Plant by 2027
The Federal Government has assured Nigerians that the 570-megawatt Alaoji Power Plant will be completed by the…
Fuel Price Fluctuations in Nigeria Driven by Market Forces, Says NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that the recent…
G7 Finance Ministers to Discuss Emergency Oil Release Amid Iran Conflict
The Group of Seven (G7) finance ministers are set to discuss a coordinated release of emergency oil reserves in a…
Iran War Threatens Nigeria’s Economic Recovery: The Fragility of Tinubunomics
As the war between the United States, Israel, and Iran intensifies thousands of kilometres away, Nigeria is already…
Iraq Oil Production Plummets 70% Amid Strait of Hormuz Shipping Disruptions
Iraq’s oil production has taken a severe hit, dropping by roughly 70% after exports through the strategic Strait of…
European Markets Set to Slump as Middle East Tensions Push Oil Prices Above $110
European stock markets are expected to open sharply lower on Monday as escalating tensions in the Middle East push…
Nigeria’s Power Sector Debt: A Case for Accountability Amidst Audit Disputes
Nigeria’s power sector has long been plagued by structural inefficiencies, weak liquidity and persistent…
NNPC Leads Petrol Price Surge in Nigeria Amid Looming Fuel Scarcity
The price of Premium Motor Spirit (PMS), commonly known as petrol, has surged sharply across Nigeria, sparking…
Dangote Refinery vs Importers: Petrol Price Debate Amid US-Iran Tensions
Amid escalating tensions in the Middle East, Nigeria is witnessing a sharp debate over petrol prices as the Dangote…
Asia Markets Edge Higher Amid Iran Conflict Concerns and Oil Price Volatility
Asia-Pacific markets mostly rose on Friday as investors cautiously assessed the impact of escalating tensions in…
Dangote Refinery Absorbs 20% Crude Cost Surge to Stabilise Petrol Supply in…
Nigeria’s largest refining facility, the Dangote Petroleum Refinery & Petrochemicals, has assured Nigerians…
Finance and Technology Key to Unlocking Nigeria’s Gas Potential – Industry Leaders
Industry experts have stressed that stronger financing frameworks, strategic infrastructure investment, and the…
Report: Rising oil prices will improve current account balances of Nigeria, Ghana
A surge in global oil prices triggered by the escalating conflict involving the United States, Israel and Iran…
Oil Prices Surge Amid Middle East Tensions, Strait of Hormuz Supply at Risk
Oil prices surged sharply on Wednesday as escalating tensions in the Middle East disrupted global energy supplies,…
Oil Price Surges to $84 Per Barrel, Surpassing Nigeria’s 2026 Benchmark Amid…
Crude oil prices soared on Thursday, reaching $84 per barrel, the highest level in 2026, well above Nigeria’s…
Cooking Gas Price Soars 40% to N1,400 per KG Amid Middle East Crisis
The price of cooking gas in Nigeria has surged sharply, jumping 40 percent to N1,400 per kilogram, following…
US-Iran Conflict Sparks UK Fuel Crisis While Nigeria Secures Supply with Dangote…
Motorists across Britain are facing long queues and empty pumps as fears of an oil shortage escalate amid the…
Nigerian Crude Oil Surges Past $80 Amid Middle East Tensions – Highest Since 2024
Nigerian crude oil prices have climbed past $80 per barrel, marking the highest levels since mid-2024. The spike…
Nigeria’s Path to Global Oil Leadership: Strategic Measures Highlighted by…
The Society of Petroleum Engineers Nigeria (SPEN) has urged swift action, resilience in coordination, and…
Higher Oil Prices Not Nigeria’s Opportunity: Gas Shock and Strait of Hormuz Risk…
Higher oil prices are once again dominating global headlines, but they may not represent the opportunity many…
Indigenous Operators Drive Nigeria’s Oil Production Ambitions
Nigeria’s upstream oil and gas sector is undergoing a pivotal transformation as indigenous operators move from…
Oil Prices Spike Toward $85 as Global Supply Risks Intensify
Global oil prices rallied sharply on Tuesday, with Brent crude climbing above $84 per barrel amid escalating…