Nigeria could record stronger oil revenues in 2026 as higher crude prices driven by the conflict in the Middle East improve earnings for oil-exporting countries, but...
UTM Offshore has secured a 15-year gas supply agreement for its planned $3 billion Floating Liquefied Natural Gas (FLNG) project, marking a major milestone towards reaching...
Dangote Group has revealed plans to finance its proposed 700,000 barrels-per-day (bpd) oil refinery in Kenya through a combination of internally generated funds, bond issuances and...
Says country missed opportunity to become alternative supplier as Europe sought new energy sources The Independent Petroleum Producers Group (IPPG) has said Nigeria failed to seize...
The Nigerian National Petroleum Company (NNPC) Limited says it has saved $3.4 billion through contract restructuring and operational reforms over the past 14 months, while remitting...
Renaissance Africa Energy Company Limited has announced a significant hydrocarbon discovery at the JK-004 exploration well in Oil Mining Lease (OML) 74, marking its first major...
The Federal Government has commissioned global professional services firm PricewaterhouseCoopers (PwC) to undertake a comprehensive benchmarking of the more than 270 fees, taxes and statutory charges...
The Nigerian National Petroleum Company Limited (NNPC) has disclosed that it saved $3.4 billion through contract restructuring and optimisation initiatives between April 2025 and July 2026,...
By Àkànní Olúwaségún Michael Nigeria recorded a significant increase in drilling activity in the first quarter of 2026, with the number of active oil rigs rising...
By Àkànní Olúwaségún Michael The Federal Competition and Consumer Protection Commission (FCCPC) has warned petroleum marketers that it will investigate any evidence of anti-competitive conduct or...
By Àkànní Olúwaségún Michael Nigeria’s refining sector crossed a significant milestone in May 2026 as local refineries operated above their installed capacity, helping domestic fuel supply...
By Àkànní Olúwaségún Michael Nigerian households continued to pay as much as N1,800 per kilogram for cooking gas in May 2026 despite increased gas production and...
BY Àkànní Olúwaségún Michael A decline in global crude oil prices is placing renewed attention on fuel pricing dynamics in Nigeria’s deregulated downstream petroleum sector, with...
Nigeria’s persistent electricity crisis is not the result of inadequate resources or a lack of policy frameworks, but a consequence of weak implementation, poor enforcement, and...
Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd) in a performance test conducted by the Process...
By Àkànní Olúwaségún Michael More than 70 per cent of Nigerian businesses own or share generators as companies increasingly rely on self-generated electricity to cope with...
By Àkànní Olúwaségún Michael President Bola Tinubu on Friday commissioned four Compressed Natural Gas facilities across Lagos, Abuja and Owerri, in a move aimed at strengthening...
