OIL & GAS

Nigeria May Miss 3mbpd Oil Production Target — PETAN

The Petroleum Technology Association of Nigeria has warned that Nigeria may miss its target of producing three million barrels of…

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Nigeria Targets 70,000MW To Tackle Power Crisis

The Federal Government has set a target of generating 70,000 megawatts of electricity by 2030, with plans to expand power…

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FG Begins New Power Project In Kaduna

The Federal Government has commenced a new electricity project in Rigasa community, Igabi Local Government Area of Kaduna State, to…

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Dangote Acquires 25% Stake In Kenya Oil Pipeline

The President of Dangote Industries Limited, Aliko Dangote, has disclosed that the Group has purchased a 25 per cent interest…

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FG Targets 1M CNG Vehicles To Cut Transport Fares

The Federal Government has renewed its drive to deploy one million compressed natural gas-powered vehicles across the country, directing officials…

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War Drains 2bn Barrels Of Middle East Oil Output — Kpler

The ongoing war in the Middle East has caused cumulative crude oil and condensate production outages exceeding 2 billion barrels,…

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Power: Metering Hits 63%, 4.7m Left Out

About 4.7 million electricity customers in Nigeria remained without meters as of August 2026, despite distribution companies installing 141,746 meters…

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Power Plants Record Zero Output Amid Grid Instability

At least three power plants generated no electricity in September as Nigeria’s national grid continued to record frequency and voltage…

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Power Generation Falls 37% As DISCOs Lose N129bn, Record 184,024 Complaints

As Nigerians, businesses groan over 3,885.72MW generation NERC: Metering, billing, supply interruptions dominate complaints DISCOs’ ATC&C losses hit 36.23% in…

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Oil Blocks Now Openly Awarded, Shettima Tells Investors

Vice President Kashim Shettima has declared that Nigeria’s oil blocks are now being awarded through open and competitive processes, saying…

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Dangote Lowers Diesel Price As Crude Falls

Dangote Petroleum Refinery has reduced its Automotive Gas Oil (diesel) gantry price by N80, cutting the price from N1,780 to…

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Dangote Stops Petrol Sales To Fuel Importers

The Dangote Petroleum Refinery has finally stopped the sale of Premium Motor Spirit (petrol) to major marketers importing petroleum products…

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DisCos Earn N603bn As Power Offtake Drops

Electricity distribution companies collected N603.64bn from customers in the second quarter of 2026, despite a decline in the volume of…

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NNPC’s Oil Security Claims Rise To N11.2tn

The Nigerian National Petroleum Company Limited recorded claims totalling N11.2tn from the Federation in 2025 for costs and advances incurred…

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FG Plans 24-Hour Power Zones In Lagos, Abuja, Kano, Others

The Federal Government has begun engagements with electricity distribution companies to develop proposed Energy Zones aimed at delivering 24-hour electricity…

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Ardova-Led Consortium To Acquire Powergas

A consortium led by Ardova Plc and including Diadem Energy has agreed to acquire Powergas Global Investments Nigeria Limited and Powergas…

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Ruto Hastens Process As Dangote Vows Bigger Kenyan Refinery

Kenyan President William Ruto says his government is fast-tracking administrative processes for the proposed Dangote refinery in Lamu, Kenya. This…

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DisCos Collected N205bn Revenue In July – NERC

Electricity Distribution Companies operating across Nigeria generated a total revenue of N205.53 billion in July 2026, marking a 7.12 per…

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Petrol Under-Dispensing: NMDPRA Cracks Down On Filling Stations

Filling station operators across the country are under pressure to check and recalibrate their dispensing equipment as the Nigerian Midstream…

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Dangote, Marketers Cut Petrol Prices As Crude Falls

The Dangote Petroleum Refinery and other petroleum marketers have reduced the prices of Premium Motor Spirit (petrol) across major depots…

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