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Energy
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…
Dangote Refinery Denies Fuel Re-Import Claims Through Lomé Hub
Dangote Petroleum Refinery has strongly denied reports suggesting that petroleum products exported from its…
Petrol Price Drop Sparks Fears of CNG Abandonment as Nigerian Motorists Reconsider…
The recent decline in petrol prices across Nigeria is beginning to reshape consumer behavior, with oil marketers…
Lithium Demand Set to Surge 353% by 2040 as Nigeria Attracts Global Scramble for…
Global demand for lithium is expected to skyrocket by 353 per cent by 2040, according to projections from the…
Petrol Prices Stay High in Nigeria Despite Falling Crude Oil Prices Amid Global…
Petrol prices have remained stubbornly high across Nigeria, even as global crude oil prices decline toward levels…
Oil Production Recovery in Nigeria Linked to Improved Oil Asset Protection in…
Nigeria’s oil industry is showing signs of recovery, with growing evidence that improved protection of oil…
AI Data Centers Energy Consumption: Why Global Servers Now Burn 670,000 Barrels of…
The global race to power artificial intelligence is rapidly becoming one of the most energy-intensive shifts in…
Nigeria Among Nine Countries Responsible for 83% of Global Gas Flaring, World Bank…
Nigeria has once again been identified as one of the world’s top contributors to gas flaring, as a new World Bank…
Domestic Crude Supply Drops in Nigeria Amid Sabotage Allegations and Refinery…
Nigeria’s domestic crude supply to local refineries recorded a noticeable decline in May 2026, dropping to 15.84…
Aradel assets hit N10 trillion after Renaissance acquisition drives 466% surge in…
Aradel Holdings Plc has recorded a dramatic leap in its financial position, with total assets surging by…
Nigeria Crude Oil Production Challenges Persist Despite Output Gains and $10bn…
Nigeria’s oil and gas sector is showing strong signs of recovery, but long-standing operational issues continue to…
Dangote Refinery Crude Supply Crisis Deepens as Output Drops 62% Amid NNPC…
Nigeria’s flagship Dangote Petroleum Refinery is facing mounting pressure as a severe crude supply shortage…
Oil Prices Dip as Qatar and Pakistan Push 60-Day U.S.–Iran Deal Roadmap Amid…
Global oil markets saw a sharp shift on Monday as crude prices slipped following news that Qatar and Pakistan have…
Fuel Price War Intensifies in Lagos and Ogun as Stations Slash Petrol Prices to…
Fuel prices have dropped across parts of Lagos and Ogun States as filling stations adjust pump rates in response to…
OPEC Quota: Nigeria’s Rising Oil Output Driven by Stronger Pipeline Security on…
Nigeria’s crude oil production has surged beyond its OPEC quota, with stakeholders attributing the improvement to…
India Holds Back on Middle East Oil Purchases Despite Strait of Hormuz Reopening
India is showing little urgency to return to large-scale crude purchases from the Middle East, even after the…
Oil Prices Mixed as U.S.-Iran Talks Collapse and Strait of Hormuz Tensions Keep…
Oil prices ended the trading session on a mixed note on Friday as renewed uncertainty over U.S.-Iran diplomatic…
Nigerian Marketers Import Dangote Fuel via Lomé Hub as Trade Flows Shift Across…
Nigerian fuel marketers are increasingly sourcing refined petroleum products originally produced by Dangote…
Nigeria Can Produce 1.9m Barrels Daily, Says NUPRC as Oil Prices Hit $77
Nigeria’s crude oil industry is showing renewed strength as the Nigerian Upstream Petroleum Regulatory Commission…
Petrol Imports Surge 59.5% in May as Nigeria Balances Local Refining Growth and…
Nigeria’s petrol imports recorded a surprising rebound in May 2026, climbing by 59.5% compared to April despite…