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Energy
Dangote blames importers for petrol sales policy reversal
The Dangote Petroleum Refinery has revealed that its decision to resume the sale of Premium Motor Spirit (PMS),…
Petrol Hits N1,400/Litre as Transport Fares Soar Across Nigeria Amid Global Oil…
Transport costs are climbing once again across several parts of Nigeria as the price of petrol rises to as high as…
Oil Price Hits $100 as Middle East Conflict Escalates, Raising Fears of Global…
Oil prices have surged to $100 per barrel for the first time since May, driven by growing fears that the escalating…
Oil block bidding: Inside Nigeria’s seven-hour transparency test
Nigeria's push to restore confidence in its upstream oil sector took a major step forward as the Nigerian Upstream…
Dangote refinery secures record $2.5bn equity funding
Dangote Petroleum Refinery and Petrochemicals FZE has secured a record $2.5 billion in fresh equity funding,…
Dangote Refinery Raises $2.5 Billion in Africa’s Largest Private Equity Placement
Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has achieved a major financial milestone after…
Oil Giants Return to Nigeria’s Deepwater Fields with Billion-Dollar Investments
Nigeria’s offshore oil industry is witnessing a major revival as international oil companies (IOCs) shift their…
Crude oil nears $100 as renewed Middle East conflict rattles global markets
Global oil markets came under renewed pressure on Thursday as crude oil prices surged close to the $100-per-barrel…
Global Refiners Are Cutting Out Oil Traders To Buy Venezuelan Crude Directly
Global oil markets are witnessing a major shift as leading refiners increasingly bypass traditional commodity…
FG Launches N729bn Power Sector Bond to Clear Legacy Debts, Boost Electricity…
The Federal Government has launched a N729 billion power sector bond as part of the second phase of its…
Oil price hits $95 a barrel — highest in six weeks
Global oil prices climbed sharply on Wednesday, with Brent crude reaching $95.11 per barrel, its highest level in…
Dangote Raises Petrol Ex-Depot Price to N1,215 as Naira Sales Resume
Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit (PMS), commonly known as petrol, in naira…
China’s Oil Buying Strategy Could Be the Biggest Driver of Global Crude Prices in…
China’s next move in the oil market is rapidly becoming one of the most closely watched factors shaping global…
FG Launches N729bn Power Sector Bond to Clear GenCo Debts and Boost Electricity…
The Federal Government has unveiled a N729 billion Series 2 Power Sector Bond aimed at settling outstanding debts…
FG returns 13 oil blocks to licensing basket
The Federal Government has announced that 13 of the 50 oil and gas blocks offered under the 2025 Licensing Round…
Nigeria’s Petrol Imports Surge 207% as Local Supply Drops Despite Dangote Refinery…
Nigeria’s petrol imports recorded a dramatic increase of 207 percent in June, highlighting the country’s continued…
FG to Issue N729bn Bond to Clear GenCos’ Debt, Boost Power Sector Stability
The Federal Government has announced plans to issue a second bond worth approximately N729 billion to settle…
NNPC Defends Naira-for-Crude Deal as Dangote Refinery Raises Alarm Over Supply…
A fresh dispute has emerged between the Nigerian National Petroleum Company Limited (NNPC) and the Dangote…
143 Companies Compete for 50 Oil Blocks as Nigeria Enters Crucial Licensing Round
Nigeria’s quest to attract fresh investment into its oil and gas sector reaches a critical stage today as 143…
Dangote’s Dollar Fuel Sales Spark Fresh Fears Over Petrol Prices and Naira…
Nigeria’s downstream petroleum sector has been thrown into fresh uncertainty following Dangote Refinery’s decision…
Oil Marketers Raise Alarm Over N1,350 Petrol Pricing, Question Import Licences
Nigeria’s downstream petroleum sector is facing fresh controversy as oil marketers have accused major fuel…
Cooking gas imports surge by 1,400% as petrol supply dips by 22%
Nigeria’s dependence on imported cooking gas has intensified after Liquefied Petroleum Gas (LPG) imports soared by…
Nigerian Crude Prices Surge as US-Iran Conflict Disrupts Strait of Hormuz Shipping
Nigerian crude prices surged to a 10-day high after escalating military tensions between the United States and Iran…
IPMAN Warns Rising Petrol Imports Could Trigger Higher Fuel Prices in Nigeria
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has sounded the alarm over the growing number of…
Dollar sale row: Marketers halt Dangote fuel loading, FG steps in
Nigeria’s downstream petroleum sector has been thrown into fresh uncertainty following reports that the Dangote…
Dangote Refinery Emerges Major Winner as US-Iran Conflict Boosts Demand, Wealth…
Africa’s richest man, Aliko Dangote, is emerging as one of the biggest beneficiaries of the global energy market…
Nigeria Crude Oil Production Hits N41.7tn in Six Months as Output Shows Strong…
Nigeria earned an estimated N41.74 trillion from crude oil and condensate production in the first six months of…
Dangote Refinery Crude Imports Raise Fresh Doubts Over Nigeria’s Crude-for-Naira…
Nigeria’s crude-for-naira initiative has come under renewed scrutiny following revelations that the Dangote…
PETROAN Urges Refinery Revival as Dangote Refinery Switches to Dollar Sales
Nigeria’s downstream petroleum sector is facing renewed uncertainty as the Petroleum Products Retail Outlets Owners…
NERC CapEx Order Triggers Power Sector Showdown as DisCos, State Regulators Push…
Nigeria's electricity sector has been thrust into the spotlight following the implementation of the NERC CapEx…