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Energy
Dangote Refinery–Marketers Fuel Deal Collapses as Pricing Dispute Triggers Import…
The fuel supply agreement between the Dangote Petroleum Refinery and 20 major petroleum marketers has collapsed…
GenCos’ Power Invoices Drop by ₦80.56bn in Q3 2025 as Weak Demand Hits Electricity…
Nigeria’s power generation companies (GenCos) recorded a sharp drop of ₦80.56bn in invoices in the third quarter of…
OPEC Holds Oil Output Steady Despite Geopolitical Crises and Market Turmoil
The Organisation of Petroleum Exporting Countries and its allies, collectively known as OPEC+, has decided to keep…
Oil Prices Fall as Trump Moves to Secure $2bn Venezuelan Crude Supply
Global oil prices slipped on Wednesday as markets reacted to signals of a potential supply surge after US President…
Nigeria Electricity Companies’ Revenues Surge 22% Amid Persistent Blackouts
Nigeria’s electricity distribution companies recorded a surprising 22% jump in revenues, collecting a total of…
Dangote Refinery Denies Shutdown Rumors, Confirms 50 Million Litres Daily Petrol…
The Dangote Petroleum Refinery has refuted recent reports suggesting it is shutting down for maintenance, assuring…
Nigeria Electricity Subsidy Nears N2tn as Power Sector Struggles Persist
Nigeria’s electricity subsidy reached nearly N2 trillion in the 12 months between October 2024 and September 2025,…
M&P Exits Seplat Energy as Heirs Group Acquires 20% Stake
Seplat Energy Plc has confirmed the complete exit of its founding shareholder, Etablissements Maurel & Prom…
Venezuela Oil Prices Fall to $61 Amid Political Instability
The global oil market is feeling the ripple effects of Venezuela’s ongoing political and economic instability, with…
Tinubu Appoints New Boards for Nigeria’s Oil Regulators, Magnus Abe to Chair NUPRC
President Bola Tinubu has taken a significant step to strengthen Nigeria’s oil and gas governance by nominating…
NNPC Cuts Petrol Price to ₦815 per Litre in Abuja Amid Intensifying Fuel Price War
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reduced the pump price of Premium Motor Spirit…
Petrol Could Rise to ₦1,400 Per Litre Without Local Refining – Dangote Refinery…
Dangote Petroleum Refinery has warned that petrol prices in Nigeria could surge to as high as ₦1,400 per litre if…
Africa Can Own and Manage Its Strategic Resources – Tony Elumelu on $500M Seplat…
Tony Elumelu, Chairman of Heirs Energies, has reiterated Africa’s ability to own, develop, and responsibly manage…
Dangote Refinery’s Free Petrol Delivery Set to Drive Down Pump Prices Nationwide
Nigerian motorists may soon breathe a sigh of relief as Dangote Refinery finalizes plans to distribute petrol for…
OPEC+ Pauses Oil Output Increase Amid Venezuela Uncertainty
The Organisation of Petroleum Exporting Countries and its allies, known as OPEC+, have decided to pause planned oil…
NNPC Debt Crisis: Subsidiary Obligations Surge to ₦30.3 Trillion Amid Financial…
The Nigerian National Petroleum Company Limited (NNPC) is grappling with significant financial strain as debts owed…
Dangote Refinery Pumps 43 Million Litres, Denies Petrol Shutdown Amid Price Hike…
Officials of the Dangote Petroleum Refinery have dismissed claims that the facility shut down its petrol…
NNPC Reports N502bn Profit, Cuts Petrol Below N800 Amid Market Price War
The Nigerian National Petroleum Company Limited (NNPC) posted a profit after tax of N502 billion in November 2025,…
Average Petrol Price Drops to N1,061 in November 2025 – NBS Report
The average retail price of Premium Motor Spirit (PMS), commonly known as petrol, fell to N1,061.35 in November…
Nigeria’s Oil Revenue Falls Short by N16.2tn Despite Higher Production in 2025
Nigeria’s oil revenue fell sharply short of government projections in the first half of 2025, recording a N16.2tn…
NNPC Earns N890.8bn in Management Fees and Frontier Funds in 11 Months
The Nigerian National Petroleum Company Limited (NNPC) has earned a total of N890.8 billion from management fees…
Oil Prices Rise After US Intercepts Venezuelan Crude Tanker
Oil prices climbed sharply in early trade yesterday following the US interception of a crude oil tanker near…
NNPC’s Strategic Reinvention Under Bayo Ojulari Drives Sustainable Growth
Under the leadership of Group Chief Executive Officer Bashir Bayo Ojulari, NNPC Limited is redefining how a…
Dangote Petroleum Launches Hotline to Report Fuel Stations Selling PMS Above N739
Dangote Petroleum Refinery has unveiled a nationwide hotline to empower Nigerians to report filling stations…
EIA Revises OPEC Oil Capacity: Spare Production Higher Than Expected
The U.S. Energy Information Administration (EIA) has quietly updated its outlook on global oil production,…
Dangote-NMDPRA Feud: PENGASSAN Calls for Strong Institutions to Protect Nigeria’s…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called for stronger institutions…
Indigenous Operators Drive Nigeria’s Energy Future, Marks 10 Years of Impact –…
The Independent Petroleum Producers Group (IPPG) has marked a decade of resilience, collaboration, and…
Price War Deepens as Petrol Prices Crash by N100 Amid Dangote Refinery Push
Nigeria’s downstream oil sector has entered a fierce petrol price war, as filling stations slash pump prices by as…
Dangote Launches ₦739/Litre Petrol Nationwide at MRS Stations
Dangote Petroleum Refinery has begun nationwide sales of Premium Motor Spirit (PMS) at a pump price of ₦739 per…
2025 Nigeria Budget Hit Hard as Oil Revenue Falls 62% Below Target
Nigeria’s 2025 federal budget has suffered a significant setback as oil and gas revenues fell 62.2% below the…