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Energy
Nigeria Faces Fiscal Pressure as OPEC+ Oil Output Surge Threatens Budget…
Nigeria is bracing for renewed fiscal strain after OPEC+ announced it would accelerate oil production increases, a…
CEMSE Urges Government to Scrap BOST Margin as Fuel Prices Squeeze Ghanaians
The Centre for Environmental Management and Sustainable Energy (CEMSE) is calling on government to immediately…
Nigeria Seeks $500m World Bank Loan to Boost Power Distribution and Metering…
Nigeria’s Federal Government is turning to the World Bank for a $500 million lifeline to tackle the persistent…
Dangote Refinery vs NUPENG: Fuel Supply Disruptions Deepen as Labour Dispute…
Nigeria’s oil sector is facing fresh tension as talks between Dangote Refinery and labour unions—NUPENG and…
Nigeria’s Tax Committee Exempts Kerosene, LPG, and CNG from 5% Fuel Surcharge to…
The Presidential Fiscal Policy and Tax Reforms Committee has announced that Nigeria’s new 5% fuel surcharge will…
Dangote Refinery Denies Shutdown Rumors, Reaffirms Commitment to Petrol Supply
The Dangote Petroleum Refinery has dismissed reports suggesting it plans to shut its petrol unit for up to three…
Fuel Crisis Looms as NUPENG, IPMAN, and PETROAN Halt Operations Over Clash With…
Nigerians are bracing for another round of crippling fuel scarcity as key players in the petroleum sector —…
BPE Moves to List Two DisCos and One GenCo on NGX, Eyes N312 Billion in 2025…
The Bureau of Public Enterprises (BPE) has announced plans to list two electricity distribution companies (DisCos)…
FG to List Power Assets on Nigerian Exchange to Boost Transparency and Investor…
The Federal Government has unveiled plans to list three of Nigeria’s top-performing power assets on the Nigerian…
CNG Price Surges to N450/SCM as FG Reduces Subsidies Amid Long Queues
The cost of Compressed Natural Gas (CNG) has sharply risen to N450 per standard cubic metre (SCM) as the Federal…
Dangote Refinery Makes Historic First Gasoline Export to U.S., Expands Global…
Nigeria’s Dangote Refinery has marked a significant milestone by exporting its first gasoline shipment to the…
Nigeria Strengthens Renewable Energy Drive with Local and International…
Nigeria is stepping up its renewable energy ambitions with stronger collaborations between local firms and…
Nigeria’s power sector reforms fail where telecom triumphs
When Nigeria embarked on economic liberalisation in the late 1990s and early 2000s, the telecommunications…
Nigeria Signs Deepwater Oil Deal with TotalEnergies to Boost Production and Energy…
Nigeria has formalized a major deepwater oil agreement with French energy giant TotalEnergies and local partner…
Dangote Refinery Boosts Fuel Exports Amid Middle East Refinery Shutdowns
The $20 billion Dangote Petroleum Refinery has ramped up exports of petrol, aviation fuel, and diesel as…
Nigeria’s Gas Flaring Drops to 7.16% in July 2025 as Gas Production Hits 7.59…
Nigeria recorded a significant energy milestone in July 2025 as gas flaring fell to 7.16%, even as daily gas…
Dangote Refinery Sources Ghana Crude Amid Production Questions, RFCC Unit…
Nigeria’s Dangote Refinery has, for the first time, imported crude oil from Ghana, signaling a shift toward…
Non-Oil Sector Drives Nigeria’s Tax Revenue to N17.4trn in Seven Months, Hits…
Nigeria’s diversification efforts are yielding results as the non-oil sector powered tax revenues to N17.4…
Nigeria Faces 18.9% Oil Production Deficit, Missing 2025 Budget Target by 82.5…
Seven months into the 2025 fiscal year, Nigeria’s crude oil output has fallen short of projections by 82.46…
13% Derivation Fund Helps Oil-Producing States Slash Domestic Debt by N611bn…
Oil-producing states in Nigeria have cut their combined domestic debt by about N610.84bn between June 2023 and…
Nigeria’s Oil Production Hits Six-Month High at 1.5m bpd, Surpasses OPEC Quota…
Nigeria’s crude oil production climbed to its highest level in six months in July, marking a strong rebound after…
Dangote Refinery Fuel Rollout Stalled as FG, Marketers Clash Over CNG Logistics…
The planned nationwide rollout of petroleum products by Dangote Petroleum Refinery has hit a major setback…
Tinubu Secures Petrobras’ Return to Nigeria, Signs Landmark Nigeria–Brazil Trade…
President Bola Tinubu has announced the imminent return of Brazil’s state-owned oil giant Petrobras to Nigeria,…
Dangote Refinery Receives 1,000 CNG Trucks, Fuel Distribution to Begin in…
The Dangote Petroleum Refinery is set to launch its direct fuel distribution scheme in the coming weeks as 1,000…
Dangote Refinery and Petrol Prices: 10 Swings in 10 Months Despite Local Supply
Nigeria’s petrol market has experienced dramatic volatility since the Dangote Refinery began supplying fuel in…
Nigeria Targets 2.5 Million Barrels Per Day Oil Output by 2026, Says NUPRC
Nigeria is on track to boost its crude oil output to 2.5 million barrels per day (mbpd) by 2026, according to the…
NNPCL Posts N185bn Profit Despite Debt Burden, Remits N7.9tr to FAAC
The Nigerian National Petroleum Company Limited (NNPCL) reported a profit after tax of ₦185 billion in July 2025,…
Nigeria’s N341tn Oil Reserves Locked in Undeveloped Fields Amid Rising Debt –…
Nigeria is sitting on over 3.5 billion barrels of undeveloped oil and condensate reserves, valued at…
Dangote Refinery Reshapes Global Fuel Trade as European Plants Face Closure Risks
European refiners are facing mounting pressure as Nigeria’s 650,000 barrels per day (bpd) Dangote refinery ramps…
Asia Stocks Flat, Oil Prices Fall Ahead of Fed Meeting as Ukraine Peace Hopes Lift…
Asian shares traded flat on Tuesday while oil prices slipped, as investors turned cautious ahead of the U.S.…