OIL & GAS
-
Crude Oil Prices Fall As US–Iran Peace Deal Boosts Global Equities
Oil prices tumbled, and stocks soared on Monday after the United States and Iran said they had reached a deal…
Read More » -
‘Over 70% Of Eligible NNPC Staff Seek Exit’
The Nigerian National Petroleum Company Limited has commenced an early retirement scheme that is already attracting significant interest from employees,…
Read More » -
Domestic Gas Sales Rise 30% On Reforms – Report
Nigeria’s domestic gas market recorded a significant increase in sales, rising by about 30 per cent between January 2022 and…
Read More » -
NNPCL, Security Agencies Intensify Crackdown On Pipeline Vandals
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and security agencies have intensified efforts to combat pipeline vandalism following the discovery…
Read More » -
Power Sector Lost N310bn In Three Months – NERC
Nigeria’s electricity distribution companies lost about N310bn in the first quarter of 2026 due to unbilled energy and poor revenue…
Read More » -
FG Fixes June 12 Deadline For Oil Bids
The Federal Government through its Nigerian Upstream Petroleum Regulatory Commission has fixed Friday, June 12, 2026, as the deadline for…
Read More » -
Nigeria’s Blackout Persists Despite $3.6bn W’Bank Loans – Report
Nigeria’s electricity sector has received at least $3.653bn in World Bank-backed funding over the past 24 years, yet millions of…
Read More » -
Dangote Plans To Process 130 Crude Grades – Report
The Dangote Petroleum Refinery is planning to expand its crude processing flexibility to as many as 130 different crude grades.…
Read More » -
NNPC Posts N481bn Profit Amid Revenue Surge
The Nigerian National Petroleum Company Limited has recorded a significant month-on-month surge in performance, with revenue climbing sharply to N4.97tn in…
Read More » -
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 »