Energy
DAPPMAN Slams Dangote Refinery Over Restrictive Sales, Pricing Access
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has raised concerns over restrictive trade practices and pricing opacity...
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Oil Prices Climb Amid Trade Deal Optimism, Venezuelan Supply Concerns Linger
Oil prices edged higher on Friday, buoyed by optimism surrounding global trade talks, which boosted expectations for economic growth and...
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States Move to Negotiate Fairer Electricity Tariffs Amid Industry Pushback
Commissioners of energy from Nigeria’s 36 states have expressed readiness to begin negotiations with power distribution companies (DISCOs) over electricity...
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NNPC Remits ₦6.96tn to Federation Account in Five Months, Posts ₦905bn June Profit
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has disclosed that it remitted a total of ₦6.96 trillion to the...
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Shettima Urges Green Hydrogen Investment to Cut Fossil Fuel Dependence
Vice President Kashim Shettima has called for accelerated investment in Nigeria’s domestic green hydrogen industry as part of efforts to...
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NDPHC Targets 200MW Commercialisation to Unlock Stranded Power by 2025
The Niger Delta Power Holding Company Plc (NDPHC) has announced plans to commercialise 200 megawatts of its stranded 2,000MW electricity...
Read moreOil Prices Steady Amid New EU Sanctions and Market Uncertainty
Oil prices held mostly steady on Monday as markets digested the implications of fresh European Union sanctions on Russian oil...
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FG Electricity Tariff Subsidy Soars to N1.94tn in 2024 Despite Tariff Hike
The Federal Government’s electricity subsidy bill has surged to an unprecedented N1.94 trillion in 2024, up from N610 billion in...
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Oil Prices Edge Higher Amid Iraqi Drone Strikes and Summer Demand Surge
Oil prices extended their upward trend on Friday, buoyed by escalating supply concerns after drone strikes hit oil facilities in...
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FG Secures $500 Million World Bank Loan to Boost Power Distribution
Despite the N4 trillion debt burden weighing on Nigeria’s electricity sector, the Federal Government has secured a $500 million loan...
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