Energy
NNPC Ltd Posts N6.008tn Revenue in May 2025 as Oil Output, Profit Rise
The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a revenue of ₦6.008 trillion in May 2025, reflecting a marginal...
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Nigeria Tops Africa in 2025 Energy Transition Rankings
Nigeria has emerged as Africa’s top performer in the 2025 global energy transition rankings, according to the World Economic Forum...
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Dangote Refinery Deploys N720bn CNG Truck Fleet to Cut Fuel Costs
Dangote Petroleum Refinery has announced the deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks as part of a N720 billion...
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Petrol Marketers Expect Price Crash as Crude Oil Drops
Petroleum marketers across Nigeria have expressed optimism over a possible crash in the pump price of Premium Motor Spirit (PMS),...
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UK Withdraws from $33 Billion Morocco-UK Power Project Over Delivery, Security Concerns
The United Kingdom has withdrawn its support from the ambitious Morocco-UK energy project, a $33 billion plan to transmit renewable...
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Oil Prices Log Sharpest Weekly Drop Since March 2023 Amid Easing Iran-Israel Tensions
Oil prices are on track for their steepest weekly decline since March 2023, as markets erased risk premiums tied to...
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States Take Charge as Electricity Market Decentralises Under New Act
A new era of electricity governance is unfolding in Nigeria, as seven states have officially assumed control of their electricity...
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Nigeria Exported 82% of Crude Oil in Q1 2025 Amid Local Refinery Shortages — NUPRC
Amid growing concerns from local refiners over limited crude supply, Nigeria exported a staggering 82 per cent of its crude...
Read moreOil Prices Edge Higher on U.S. Crude Drawdown and Middle East Caution
Oil prices ticked up on Thursday, building on the previous day’s gains after a larger-than-expected drawdown in U.S. crude stocks...
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NMDPRA Launches Lubricant Importation Module to Tackle Substandard Products
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced major steps to regulate and streamline the quality of...
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