Energy
Weak Chinese demand, OPEC+ supply growth, and pending Trump review weigh on oil prices
Oil prices eased slightly on Wednesday as global markets processed the outcome of US-China trade negotiations, which are still pending...
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Oil Prices Dip After U.S. Inventory Build and Saudi Price Cuts for Asia
Oil prices slipped further on Thursday, weighed down by a combination of rising U.S. fuel inventories, Saudi Arabia’s price cuts...
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Ekperikpe Ekpo Minister of State for Petroleum Resources (Gas) Inaugurates First LNG-to-CNG Hub in North-East
Nigeria has recorded a major milestone in its gas infrastructure development with the inauguration of the first Liquefied Natural Gas...
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One-Stop Shop Initiative Gains Momentum with NUPRC Backing for Naira-Based Petroleum Sales
The Technical Committee of the One-Stop Shop (OSS) initiative for the sale of crude oil and refined petroleum products in...
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PCNGI Attracts $500m Investment, Converts 100,000 Vehicles in First Year
The Presidential Compressed Natural Gas Initiative (PCNGI) has recorded significant progress, attracting over $500 million in investment and creating 10,000...
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EERC Orders MainPower to Refund Over 20,000 Customers for April Overbilling
The Enugu State Electricity Regulatory Commission (EERC) has directed MainPower Electricity Distribution Company—formerly known as Enugu Electricity Distribution Company (EEDC)—to...
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TCN Advances Key Transmission Projects in Kaduna Despite Compensation Challenges
The Transmission Company of Nigeria (TCN) has made notable progress on critical electricity transmission infrastructure projects designed to enhance power...
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Oil Prices Rise as Iran Nixes U.S. Deal, OPEC+ Supply Hike Falls Short
Oil prices inched higher on Tuesday, driven by renewed supply concerns after Iran signaled it would reject a U.S. nuclear...
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Crude Oil Theft Drops Significantly in Nigeria, Says IPPG Executive
Crude oil theft in Nigeria has seen a significant decline compared to figures reported two to three years ago, according...
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NEITI Raises Alarm Over $458 Million Loss to Gas Flaring in 2023
The Nigeria Extractive Industries Transparency Initiative (NEITI) has voiced deep concern over the staggering volume of gas flared in 2023,...
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