OIL & GAS
-
Oil Revenue Falls N7.88trn Below Budget Target In Q3’25
Nigeria’s oil revenue performance fell sharply below budget expectations in the third quarter of 2025 (Q3’25), as the gross oil revenue…
Read More » -
Chinese Investors May Acquire 51% Stake In PH, Warri Refineries
The Nigerian National Petroleum Company Limited is considering an NLNG-style equity partnership that could hand Chinese investors a majority stake…
Read More » -
DisCos Install 241,590 Meters Amid Billing Complaints
Electricity distribution companies installed 241,590 meters across Nigeria in the first two months of 2026 amid ongoing efforts to reduce…
Read More » -
Nigeria’s Oil Exploration Declines 41.7% As Rig Count Falls — OPEC
Nigeria’s oil exploration and drilling activities declined by 41.7 per cent in April 2026, following reduced upstream operations and investment activities.…
Read More » -
Nigeria Oil Firms Surge Under Local Content Policy
Oil operating firms in Nigeria have increased from fewer than 10 before the implementation of local content policies to about…
Read More » -
Dangote Refinery Reduces Jet Fuel Price To N1,650/litre
The Dangote Petroleum Refinery has dropped the price of jet fuel from N1,750 to N1,650 per litre. The company disclosed…
Read More » -
Lagos Plans End To Electricity Band Classification
The Lagos State Government says it is planning to phase out the classification of electricity customers into different bands as…
Read More » -
FMDA Forecasts 16.42% April Inflation Rate Amid Fuel, Food Prices Surge
The Financial Market Dealers Association (FMDA) has projected Nigeria’s headline inflation rate to rise to 16.42 per cent year-on-year in April…
Read More » -
Dangote Eyes 20,000MW Power, Defends Refinery Investment
Africa’s richest businessman, Aliko Dangote, has disclosed plans to expand into 20,000 megawatts of power generation, while defending his over…
Read More » -
Sahara Pushes Digital Grid To End Power Crisis
Sahara Power Group has advocated the adoption of a digital electricity grid as a solution to Nigeria’s persistent power supply…
Read More » -
Oil Falls 11% As US-Iran Deal Nears
Global oil prices plunged sharply on Wednesday, with Brent crude falling about 11 per cent to below $100 per barrel,…
Read More » -
US-Iran War: FG Rejects Subsidy, Price Control Return
The Federal Government has ruled out a return to fuel subsidies and the introduction of price control despite rising global…
Read More » -
Dangote Refinery Hikes Petrol Price To ₦1,350
Dangote Refinery has effected another upward price adjustment, raising its ex-depot price of Premium Motor Spirit to N1,350 per litre.…
Read More » -
Power: Egbin Restores 451MW After Fatal Maintenance Accident
The Egbin power plant in the Ikorodu axis of Lagos State has restored power generation to the national grid days…
Read More » -
NUPRC Urges Refiners To Acquire Oil Blocks
The Nigerian Upstream Petroleum Regulatory Commission has urged members of the Crude Oil Refinery Owners Association of Nigeria to consider acquiring…
Read More » -
Dangote Refinery Expansion To Create 95,000 Jobs
The President of the Dangote Group, Aliko Dangote, has announced that the expansion of the Dangote Petroleum Refinery to a…
Read More » -
Refiners Decry Crude Diversion, Warn Of Underutilised Capacity
Local refiners under the umbrella of the Crude Oil Refinery Owners Association of Nigeria have raised concerns over the diversion…
Read More » -
NNPC April Crude Supplies To Dangote Cross 1bn Barrels
Crude oil supply from the Nigerian National Petroleum Company Limited’s trading arm surged in April 2026, with shipment records indicating…
Read More » -
NUPRC Warns Skills Gap Threatens Oil Sector Growth
Nigeria’s oil and gas industry may be heading toward a critical turning point, not due to declining reserves or asset…
Read More » -
Nigeria Buys 61.7m Barrels US Crude Amid Bulk Exports
Nigeria imported about 61.7 million barrels of crude oil from the United States between January 2024 and January 2026, underscoring…
Read More »