OIL & GAS
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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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NNPC Evaluates Partnerships To Restart Warri, P’Harcourt Refineries
The Nigerian National Petroleum Company Limited is still evaluating technical and financial partnership options for the completion and long-term operation…
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NNPC To Deploy 70 Self-Service Filling Stations Nationwide
The Nigerian National Petroleum Company Limited has announced plans to deploy between 50 and 70 smart, self-service filling stations across…
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Middle East Tensions Push Crude Towards $100
Global oil prices rose towards $100 per barrel on Tuesday as renewed fighting in the Middle East heightened fears of…
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Dangote Refinery: NMDPRA Mulls Legal Battle Over Access Restriction
The Nigerian Midstream and Downstream Petroleum Regulatory Authority is weighing its next move to prevent it from losing regulatory authority…
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Consumers Pay N1.2trn For Electricity In Six Months — NERC
Electricity consumers across Nigeria paid about N1.2 trillion for power consumed in the first six months of 2026, according to…
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Court Stops NMDPRA From Shutting Dangote Refinery
A Federal High Court in Lagos has issued an interim injunction restraining the Nigerian Midstream and Downstream Petroleum Regulatory Authority…
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FG Retains $300 Helicopter Landing Levy For Operators
Oil operators, licensees, lessees and helicopter service providers in the upstream petroleum sector will continue to pay a $300 levy…
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Marketers Slam Dangote’s Plan To Stop Petrol Sales To Importers
Importers and petroleum marketers have kicked against the reported plan by the Dangote Petroleum Refinery and Petrochemicals to stop selling…
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Dangote Considers Cutting Petrol Supply To Importers
The Dangote Petroleum Refinery and Petrochemicals says it is considering stopping the sale of petrol to major marketers that continue…
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FG To Deploy 21 Dams For Power Generation
The Federal Government has said it is developing a policy on small-scale hydro projects to convert some 21 idle dams…
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Dangote Raises Petrol To N1,200/l Despite Crude Price Decline
Dangote Petroleum Refinery and Petrochemicals FZE has increased the gantry price of Premium Motor Spirit (petrol) from N1,185 to N1,200…
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FG Offers 70:30 Profit Oil Split For New Fields
The Federal Government has introduced a major fiscal incentive for new deep offshore oil and gas projects, allowing qualifying developments…
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Nigeria Meets OPEC Quota For Third Straight Month
Nigeria met and exceeded the Organisation of the Petroleum Exporting Countries quota for the third consecutive month in July, despite…
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