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Energy
Nigeria’s 2026 Budget Under Threat as Citi Forecasts Brent Crude to Fall to $60…
Nigeria’s 2026 budget may face significant pressure following a new forecast by global financial giant Citigroup…
UAE Oil Pricing Strategy Shifts Toward Dubai Benchmark to Strengthen Grip on Asian…
The United Arab Emirates is making a bold move to strengthen its foothold in Asia’s energy market by overhauling…
Shell, Nigerian Banks Launch $3bn Oil Contractor Finance Scheme to Boost Local…
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has joined forces with nine major Nigerian banks…
Dangote Refinery Slashes Fuel Prices Again as Nigerians Brace for More Relief at…
Dangote Petroleum Refinery has announced another reduction in the price of Premium Motor Spirit (PMS), offering…
Arahas Global Appoints Folake Soetan to Drive Oilfield Services Transformation…
Arahas Global Oilfield Services has appointed renowned energy executive Folake Soetan as its new Managing Director,…
NNPC Revenue Drops by N636bn Despite Stable Oil Production as Profit Declines in…
Nigeria's national oil company, the Nigerian National Petroleum Company Limited (NNPC), recorded a significant…
Dangote Targets 2.1 Million BPD Refining Capacity as Congo Energy Partnership…
Africa’s industrialisation drive received a major boost as the Dangote Group unveiled plans to increase its total…
Dangote Refinery Turns to UAE Crude as Nigeria’s Supply Crisis Deepens
Nigeria’s ongoing crude oil supply challenges have come under fresh scrutiny following Dangote Petroleum Refinery’s…
Fuel Pricing Reform Takes Center Stage as FG Moves to Protect Nigerians from…
The Federal Government has announced fresh efforts to address growing concerns over fuel pricing in Nigeria,…
Nigeria’s Oil Windfall Has an Expiry Date as Experts Warn of Looming Revenue Risks
Nigeria’s recent surge in oil revenue may appear to signal a stronger economic outlook, but analysts are warning…
Nigeria Gas Flaring Rises 8% as Global Waste of Natural Gas Hits Six-Year High
Global gas flaring surged to its highest level in six years in 2025, with Nigeria recording an eight per cent…
FG Orders Fuel Marketers to Cut Petrol Prices as Crude Oil Costs Fall
The Federal Government has directed petroleum marketers to reduce the pump price of petrol in line with the recent…
Marketers To NNPC: Expedite Action On MoU With Chinese Firms
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Nigerian National Petroleum…
Seplat Energy Wins Double Capital Market Awards, Strengthening Investor Confidence
Seplat Energy Plc has reinforced its reputation as one of Nigeria’s leading energy companies after clinching two…
AI Powering a New Era in Nigeria’s Electricity Sector, Says NDPHC Boss
Artificial Intelligence (AI) and Machine Learning (ML) are rapidly reshaping Nigeria's electricity industry, with…
Nigeria Earns N20.2tn from Crude Oil Exports in Five Months Despite Lower Shipment…
Nigeria's crude oil export earnings surged to an estimated N20.22 trillion in the first five months of 2026,…
FCCPC Warns Fuel Marketers as High Petrol Prices Persist Despite Falling Crude Oil…
Nigeria’s consumer protection watchdog, the Federal Competition and Consumer Protection Commission (FCCPC), has…
Apex African Gas Expands Capacity to 110 Tons Daily with N10 Billion Lagos Plant…
Apex African Gas Nigeria Limited has taken a major step in strengthening Nigeria’s industrial gas sector with the…
Dangote Slashes Petrol Price by N50 as Falling Crude Oil Prices Raise Hopes for…
Nigeria's fuel market received a fresh boost on Thursday as Dangote Petroleum Refinery announced a N50 reduction in…
Nigeria Surpasses OPEC Quota as Energy Marketers Push for Increased Oil Investment
Nigeria's recent success in exceeding its Organisation of Petroleum Exporting Countries (OPEC) oil production quota…
El Niño Threatens Nigeria’s Power Supply as Hydropower Generation Faces Major…
Nigeria’s electricity sector could be heading toward another period of instability as climate experts warn that the…
Trump Targets Exxon, Chevron, Shell, and BP as Gas Price Probe Intensifies
President Donald Trump has escalated pressure on some of the world's largest oil companies, accusing Exxon,…
Oil price falls to levels not seen since before Iran war
Global oil prices have fallen to levels not seen since before the Iran conflict began, offering relief to consumers…
Dangote Refinery Rejects Togo Fuel Re-Import Claims, Calls Allegations Misleading
Nigeria's largest refinery, Dangote Petroleum Refinery and Petrochemicals, has strongly denied reports suggesting…
Fuel Import Licences Issued as FG Moves to Prevent Petrol Shortages in Q3 2026
The Federal Government has issued fresh fuel import licences to major petroleum marketers as part of efforts to…
Oil Prices Crash but Nigerians Still Pay Over N1,000 Per Litre for Petrol
Despite a significant drop in global crude oil prices, Nigerians are yet to feel the impact at filling stations as…
IGU Calls for Regional Gas Market Integration to Unlock West Africa’s Energy…
The International Gas Union (IGU) has called on West African countries to deepen regional cooperation and…
Trump Orders Probe Into Alleged Petrol Price Gouging by Major Oil Companies
President Donald Trump has directed the US Department of Justice to investigate major oil companies over…
NUPRC Pushes Drone Surveillance to Protect Nigeria’s Oil and Gas Assets
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has intensified efforts to strengthen the security of…
Oil Prices Slide as Record 19 Million Barrels Pass Through Hormuz Strait
Global oil prices declined on Tuesday after a record 19 million barrels of crude oil moved through the Strait of…