FG Pressures Oil Marketers as Nigerians Demand Cheaper Petrol Amid Falling Global Oil Prices
The Federal Government has intensified pressure on oil marketers to reduce petrol prices, following growing concerns that Nigerians are not…
Category: Energy
NNPC, Seplat and UTM FLNG Seal 15-Year Gas Deal to Unlock Nigeria’s LNG Potential
Nigeria’s ambition to become a leading global gas powerhouse received a major boost as the NNPC Ltd/Seplat Energy Producing Nigeria…
Dangote Refinery Spends $4.48bn on Crude Imports as Fuel Price Relief Looms for Nigerians
Africa’s largest refinery, the Dangote Petroleum Refinery, spent an estimated $4.48 billion importing 40.4 million barrels of crude oil over…
Petrol Price May Drop Below N800 as Marketers Push for Import Rights
Nigerians may soon see significant relief at the fuel pumps as independent petroleum marketers project that the price of Premium…
Nigeria lost about N2.4 trillion to grid underutilisation since 2015: NISO
Nigeria has lost an estimated N2.4 trillion in capacity payments over the past decade due to the underutilisation of its…
FG, Dangote Refinery Meet Marketers Over Fair PMS Pricing as Fuel Costs Remain High
The Federal Government has intensified efforts to ensure fair pricing of Premium Motor Spirit (PMS), commonly known as petrol, by…
OPEC+ Approves Fresh Oil Output Increase for August as Global Supply Recovery Gains Momentum
The OPEC+ alliance has approved another 188,000 barrels per day (bpd) increase in oil production for August 2026, signaling its…
Nigeria, 8 others account for 83% of global gas flaring worth $54bn –World Bank
Nigeria has been named among nine countries responsible for more than 83 percent of global gas flaring in 2025, according…
NNPC Begins Evaluation of Chinese Refinery Partnership to Revive Port Harcourt and Warri Plants
The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced a detailed evaluation of its proposed partnership with Chinese firms…
Dangote Refinery Overtakes US in Europe’s Jet Fuel Market with N757bn Export Surge
Nigeria’s growing influence in the global energy market received another major boost as the Dangote Petroleum Refinery exported approximately 466,000…
Nigeria’s 2026 Budget Under Threat as Citi Forecasts Brent Crude to Fall to $60 per Barrel
Nigeria’s 2026 budget may face significant pressure following a new forecast by global financial giant Citigroup (Citi), which predicts that…
UAE Oil Pricing Strategy Shifts Toward Dubai Benchmark to Strengthen Grip on Asian Markets
The United Arab Emirates is making a bold move to strengthen its foothold in Asia’s energy market by overhauling the…
Shell, Nigerian Banks Launch $3bn Oil Contractor Finance Scheme to Boost Local Content
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has joined forces with nine major Nigerian banks to unveil a $3…
Dangote Refinery Slashes Fuel Prices Again as Nigerians Brace for More Relief at the Pumps
Dangote Petroleum Refinery has announced another reduction in the price of Premium Motor Spirit (PMS), offering fresh hope to millions…
Arahas Global Appoints Folake Soetan to Drive Oilfield Services Transformation Across Africa
Arahas Global Oilfield Services has appointed renowned energy executive Folake Soetan as its new Managing Director, marking a major step…
NNPC Revenue Drops by N636bn Despite Stable Oil Production as Profit Declines in May
Nigeria’s national oil company, the Nigerian National Petroleum Company Limited (NNPC), recorded a significant decline in revenue in May 2026,…
Dangote Targets 2.1 Million BPD Refining Capacity as Congo Energy Partnership Talks Gather Momentum
Africa’s industrialisation drive received a major boost as the Dangote Group unveiled plans to increase its total refining capacity to…
Dangote Refinery Turns to UAE Crude as Nigeria’s Supply Crisis Deepens
Nigeria’s ongoing crude oil supply challenges have come under fresh scrutiny following Dangote Petroleum Refinery’s decision to import its first-ever…
Fuel Pricing Reform Takes Center Stage as FG Moves to Protect Nigerians from Unfair Petrol Costs
The Federal Government has announced fresh efforts to address growing concerns over fuel pricing in Nigeria, assuring citizens that discussions…
Nigeria’s Oil Windfall Has an Expiry Date as Experts Warn of Looming Revenue Risks
Nigeria’s recent surge in oil revenue may appear to signal a stronger economic outlook, but analysts are warning that the…
Nigeria Gas Flaring Rises 8% as Global Waste of Natural Gas Hits Six-Year High
Global gas flaring surged to its highest level in six years in 2025, with Nigeria recording an eight per cent…
FG Orders Fuel Marketers to Cut Petrol Prices as Crude Oil Costs Fall
The Federal Government has directed petroleum marketers to reduce the pump price of petrol in line with the recent decline…
Marketers To NNPC: Expedite Action On MoU With Chinese Firms
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Nigerian National Petroleum Company Limited (NNPC Ltd) to…
Seplat Energy Wins Double Capital Market Awards, Strengthening Investor Confidence
Seplat Energy Plc has reinforced its reputation as one of Nigeria’s leading energy companies after clinching two prestigious awards at…
AI Powering a New Era in Nigeria’s Electricity Sector, Says NDPHC Boss
Artificial Intelligence (AI) and Machine Learning (ML) are rapidly reshaping Nigeria’s electricity industry, with the Niger Delta Power Holding Company…
Nigeria Earns N20.2tn from Crude Oil Exports in Five Months Despite Lower Shipment Volumes
Nigeria’s crude oil export earnings surged to an estimated N20.22 trillion in the first five months of 2026, highlighting the…
FCCPC Warns Fuel Marketers as High Petrol Prices Persist Despite Falling Crude Oil Prices
Nigeria’s consumer protection watchdog, the Federal Competition and Consumer Protection Commission (FCCPC), has raised fresh concerns over the continued high…
Apex African Gas Expands Capacity to 110 Tons Daily with N10 Billion Lagos Plant Investment
Apex African Gas Nigeria Limited has taken a major step in strengthening Nigeria’s industrial gas sector with the commissioning of…
Dangote Slashes Petrol Price by N50 as Falling Crude Oil Prices Raise Hopes for Cheaper Fuel
Nigeria’s fuel market received a fresh boost on Thursday as Dangote Petroleum Refinery announced a N50 reduction in its petrol…
Nigeria Surpasses OPEC Quota as Energy Marketers Push for Increased Oil Investment
Nigeria’s recent success in exceeding its Organisation of Petroleum Exporting Countries (OPEC) oil production quota has sparked fresh calls for…