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Energy
Seplat CEO Highlights Critical Role of Oil and Gas in Nigeria’s Energy Mix
Seplat Energy Plc’s Chief Executive Officer, Roger Brown, has reaffirmed that oil and gas will continue to play a…
Dangote Refinery Signs $350M Deal with EIL to Double Production Capacity
Engineers India Limited (EIL), a leading Indian engineering consultancy firm, has signed a $350 million contract…
Dangote Petrol Price Unmatched: No Filling Station Sells Cheaper Than N739
Oil marketers in Nigeria have dismissed reports that some filling stations are selling petrol cheaper than the N739…
Heirs Energies Boosts Oil Production to 50,000bpd in Five Years, Strengthening…
Heirs Energies has announced a major operational milestone, revealing that it has sustainably doubled its…
Dangote Group to Build World’s Largest Single-Site Refinery with $350 Million…
Nigeria’s Dangote Group has taken a major step toward transforming the country into a regional petroleum powerhouse…
Nigeria’s US Crude Oil Imports Surge to 42 Million Barrels in 10 Months
Nigeria’s crude oil imports from the United States soared to over 42 million barrels in the first ten months of…
Petrol Imports Still Dominate Nigeria’s Fuel Market Despite Rising Domestic…
In 2025, petrol imports continued to dominate Nigeria’s fuel market, accounting for 62.47% of total Premium Motor…
Nigeria’s Crude Oil Production Drops to 1.42 Million BPD in December 2025
Nigeria’s crude oil production slipped to 1.422 million barrels per day (bpd) in December 2025, down from 1.436…
Nigeria Spends N1.7 Trillion on Petrol as Daily Consumption Hits 63.7 Million…
Nigeria’s daily petrol consumption surged to a record 63.7 million litres in December 2025, driving total…
Nigeria Imports 1.3 Billion Litres of Petrol Despite Growing Local Refining
Nigeria imported approximately 1.31 billion litres of petrol in December 2025, even as local refining capacity…
Nigeria–China Crude Oil Trade Poised for Growth as Venezuela Supplies Slump
Nigeria’s crude oil trade with China is expected to expand following a sharp decline in Venezuela’s oil exports to…
Dangote Refinery Ensures Fuel Price Stability as Expansion Plan Targets 1.4…
Dangote Refinery has hit a major milestone, producing 50 million litres of Premium Motor Spirit (PMS) daily,…
NUPRC Launches 90-Day Plan to Boost Nigeria’s Oil Output with Faster Approvals
Nigeria’s upstream oil sector is set for a major shake-up as the Nigerian Upstream Petroleum Regulatory Commission…
Heirs Energies Acquires 20% Stake in Seplat in $500 Million Deal
Heirs Energies Limited, the energy investment firm chaired by business mogul Tony Elumelu, has finalized a major…
Dangote Refinery Launches 24-Hour Petrol Loading to Strengthen Nigeria’s Fuel…
The Dangote Petroleum Refinery has officially launched 24-hour petrol loading operations, marking a significant…
Petrol Price Hike Looms in Nigeria as Global Crude Oil Crosses $66 per Barrel
Nigeria could be heading for another round of fuel price increases as global crude oil prices climbed above $66 per…
DAPPMAN Confirms 60% National Fuel Supply, Pledges Commitment to Nigeria’s Energy…
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has confirmed that its members now…
FG Enforces 0.5% Levy on Fuel Wholesalers: What Nigeria’s Downstream Petroleum…
The Federal Government of Nigeria has moved to tighten regulatory control over the downstream petroleum sector by…
Nigeria to Generate $3 Billion Annually from Carbon Market, Says President Tinubu
President Bola Tinubu has announced that Nigeria is set to mobilize between $2.5 billion and $3 billion annually…
Oil Prices Hit Seven-Week High as Fears Grow Over Iran Export Disruptions
Global oil prices settled at their highest levels in seven weeks on Monday as investors grew increasingly concerned…
Seplat Shares Soar 6.2% YTD in 2026 on Heirs Energies Acquisition and Strong…
Seplat Energy has started 2026 on a high note, with its shares gaining 6.2% year-to-date within the first trading…
Nigeria’s Forex Earnings Face Pressure Amid Global Energy Divide
Nigeria’s foreign exchange earnings are facing increasing pressure as the global energy landscape becomes sharply…
Traders Target India and China to Restart Venezuelan Crude Exports
Global commodities giants Vitol and Trafigura have begun discussions with refiners in India and China to sell…
Petrol Price War Escalates: Retailers Drop Prices Below Dangote’s N739/Litre…
The ongoing petrol price war in Nigeria has taken a sharper turn, with several retail outlets now selling Premium…
Dangote Refinery Boosts Local Supply, Reduces Nigeria’s Reliance on Petrol Imports
Nigeria’s petrol market is witnessing a major shift as Dangote Refinery and Petrochemical now reportedly meet…
Nigeria’s Oil Regulators Renew Cooperation to Boost Investment and Industry Growth
Nigeria’s top oil regulators have renewed their commitment to strengthen collaboration, aiming to drive investment…
Retailers Call for Stronger Naira-for-Crude Policy in 2026 to Stabilize Fuel…
Petroleum products retailers are urging the Federal Government and industry regulators to strengthen the…
Nigeria’s Oil and Gas Sector Records Mixed Performance in 2025 Amid Production…
Nigeria’s oil and gas industry ended 2025 with a mixed performance, showing gains in upstream activity and gas…
Oil Prices Rebound as Venezuela Developments Ease Market Jitters
Global oil prices climbed on Thursday, snapping a two-day losing streak as investors shifted focus to…
CBN Projects Petrol Price at N950/Litre in 2026 Amid FX Stability and Refining…
The Central Bank of Nigeria (CBN) has projected that petrol pump prices will hover around N950 per litre in 2026,…