Foreign Investors Deepen Interest in Nigeria’s Refinery Sector as Global Confidence Grows
Nigeria’s refinery and downstream petroleum industry is witnessing a fresh wave of global attention as foreign technical experts and investors…
Category: Energy
Oil Prices Near $110 as Trump Warns Iran Over Strait of Hormuz Crisis
Oil prices climbed sharply toward $110 per barrel on Sunday, reaching about $109.3 as rising tensions in the Middle East…
Fuel Import Battle Deepens as Marketers Oppose Dangote’s Fresh Court Move Against Petrol Licences
The battle over fuel importation in Nigeria has intensified after petroleum marketers strongly opposed a fresh lawsuit filed by the…
NNPC Urged to Revive Refineries Amid Controversy Over Dangote Refinery Stake Expansion
The Nigerian National Petroleum Company Limited (NNPC) has come under fresh criticism from industry stakeholders over its reported interest in…
Nigeria Set to Attract $20bn Foreign Investments in 2026 — Tinubu Declares at Africa CEO Forum
President Bola Tinubu has projected that Nigeria could attract nearly $20 billion in foreign direct investments (FDI) in 2026, signaling…
PenCom Gives PFAs Green Light to Invest in Dangote Refinery IPO Ahead of Historic Listing
Nigeria’s pension industry is set for a major investment shift after the National Pension Commission (PenCom) approved a special waiver…
OPEC+ Moves to Restore 1.65 Million bpd Oil Cuts by September Amid Middle East Tensions
Key members of OPEC+ are pushing ahead with plans to gradually increase oil production quotas over the next few months,…
Dangote Refinery Set for Africa’s Biggest IPO With POS, Fintech Platforms for Retail Investors
Africa’s largest refinery, the Dangote Refinery, is preparing to revolutionize retail investing in Nigeria as it plans to deploy Point-of-Sale…
Aliko Dangote Rejects NNPC Bid for Bigger Refinery Stake as Petrol Supply Hits ₦3.2tn
Nigeria’s richest businessman, Aliko Dangote, has revealed that the Dangote Group turned down an attempt by the Nigerian National Petroleum…
Trump Considers Fuel Tax Cut as Oil Prices Hit $107 Amid US-Iran War
Americans are facing mounting economic pressure as petrol prices continue to climb following the escalating conflict between the United States…
Dangote Targets $50bn Refinery Valuation Ahead of IPO as Expansion Plans Stretch Across Africa
Africa’s richest man, Aliko Dangote, is positioning his flagship refinery for a major leap into global capital markets, with the…
Jet Fuel Crisis in Europe Boosts Dangote Refinery Exports by 75% as Nigeria Gains Global Supply Role
Nigeria’s Dangote Petroleum Refinery is rapidly strengthening its position in the global energy market as Europe battles a severe jet…
Nigeria Inflation to Hit 16% in April as Fuel Price Surge Drives Cost Pressures – FDC
Nigeria’s inflation rate is expected to climb to 16 percent in April 2026, up from 15.38 percent recorded in March,…
Nigeria’s Petrol Consumption Climbs to 51.1 Million Litres Daily in April Amid Rising Refinery Output
Nigeria’s daily petrol consumption surged to 51.1 million litres per day in April 2026, up from 47.3 million litres recorded…
NNPC Remits $29m Crude Revenue to FAAC as NUPRC Collections Drop Amid NRS Transition
Nigeria’s state-owned oil company, the Nigerian National Petroleum Company Limited, has remitted $29.28 million in crude oil and gas export…
Dangote Refinery Supplies Nearly 80% of Nigeria’s Petrol Demand as Fuel Imports Drop 37% in April
Nigeria’s fuel market witnessed a major shift in April 2026 as the Dangote Petroleum Refinery supplied nearly 80 percent of…
OPEC Oil Output Drops to 26-Year Low as Iran Conflict Disrupts Global Supply Chains
OPEC’s crude oil production has fallen to its lowest level in 26 years, reflecting major disruptions in global supply chains…
NNPC and NUPRC Remit N322bn, $116.9m Under Executive Order 9 as Nigeria Boosts Oil Revenue Transparency
The Nigerian oil sector recorded a major revenue boost as the NNPC Limited and the Nigerian Upstream Petroleum Regulatory Commission…
Dangote Targets $50bn Valuation for Refinery Ahead of Landmark Pan-African Stock Listing
Nigeria’s richest man, Aliko Dangote, is setting an ambitious target for his flagship energy project, as the Dangote Group pushes…
Nigeria Oil and Gas Sector Expansion: FG, Investors Push Offshore Growth, Refining Capacity, and Energy Reforms
Nigeria’s oil and gas sector expansion took center stage as President Bola Tinubu and top government officials joined global investors…
Nigeria exported 485 million barrels of crude oil in 2025 amid rising refinery supply gap — NUPRC report
Nigeria exported about 485.44 million barrels of crude oil in 2025, representing roughly 82% of its total production, according to…
Oil Prices Surge Past $105 as Middle East Crisis Deepens Over Iran–US Standoff
Global oil prices climbed sharply on Monday as renewed tensions between the United States and Iran raised fears of supply…
Aliko Dangote Eyes East Africa Refinery, Demands Strong Anti-Dumping Laws
Aliko Dangote has revealed that any plan to build a major refinery in East Africa will depend heavily on the…
NNPC Clarifies China Refinery Deal: No Fresh Spending on Port Harcourt, Warri Revamp Plan
The Nigerian National Petroleum Company Limited (NNPC Ltd) has clarified that its recently signed agreement with two Chinese firms for…
Nigeria Receives 164,000MT Imported Fuel Amid Fresh Petrol Import Licences and Supply Debate
Nigeria has recorded the arrival of about 164,000 metric tonnes of imported petroleum products, as new cargo vessels continue to…
$7 Billion in Perfectly Timed Oil Trades Spark Insider Trading Investigation Fears
A wave of unusually well-timed oil trades totaling around $7 billion has triggered growing concerns over possible insider trading tied…
US Imports $578.78m Worth of Nigerian Crude in Q1 2026 as Demand Slips
The United States imported $578.78 million worth of crude oil from Nigeria in the first quarter of 2026, marking a…
Nigeria’s Power Crisis Deepens Despite 300% Tariff Hike as Consumers Pay More for Poor Supply
Two years after Nigeria introduced the controversial Band A electricity tariff system, many consumers say they are paying significantly more…
Dangote Targets 20,000MW Power Expansion as He Pushes Bold Industrial Drive Across Africa
Africa’s richest industrialist, Aliko Dangote, has announced an ambitious plan to enter the power sector with a target of generating…
NUPENG Backs NNPC, Urges Transparency in Warri, Port Harcourt Refinery Revival MoU
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has expressed strong support for the efforts of NNPC Limited…