OIL & GAS
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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…
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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…
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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,…
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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…
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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.…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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NGA Pushes Regional Gas Collaboration To Unlock Africa’s Potential
The President of the Nigerian Gas Association, Akachukwu Nwokedi, has called for stronger collaboration among African countries to accelerate the…
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Improved Pipeline Security Drove Oil Output To 1.84mbpd – NNPCL
The Nigerian National Petroleum Company Limited has said Nigeria’s crude oil production rose from a historic low of 960,000 barrels…
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Dangote Reverses Fuel Hike After Crude Oil Drop
The Dangote Petroleum Refinery & Petrochemicals has slashed the ex-gantry price of Premium Motor Spirit (petrol) to N1,200 per litre,…
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NNPC Doubles Dangote Crude Supply To 10 Cargoes
Operators in Nigeria’s downstream oil sector have projected potential price relief as the Dangote Petroleum Refinery confirmed that crude oil…
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Dangote Refinery Raises Petrol To N1,275, Diesel Now N1,950
Amid rising geopolitical tensions in the Middle East and their ripple effects on global energy markets, the Dangote Petroleum Refinery…
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Fuel Marketers’ Earnings Crash 60% In Downstream Downturn
Publicly quoted fuel marketing companies recorded a sharp decline in profitability in 2025, with earnings indicators falling by between 60…
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Non-Oil Revenue Now 75% Of Federation Funds – Report
Nigeria has achieved a major fiscal milestone, with non-oil revenue now accounting for 75 per cent of federally collected funds,…
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Electricity Tariff Hike Imminent As Gencos Step Up Pressure
Electricity generation companies have called on the Nigerian Electricity Regulatory Commission to urgently review electricity tariffs following the Federal Government’s…
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