Energy
Discos Post 40% Revenue Surge in April Despite Drop in Electricity Supply
Nigeria’s electricity Distribution Companies (Discos) recorded a 40% year-on-year revenue increase in April 2025, collecting a record N199.85 billion, even...
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NMDPRA Strengthens Regulatory Framework with Legal Forum for Petroleum Sector
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reaffirmed its commitment to enforcing a unified culture of compliance...
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Oil Prices Rise on Strong Summer Demand in U.S. and China
Oil prices rose on Wednesday, supported by expectations of robust summer demand in the United States and China, the world’s...
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Nigeria Surpasses OPEC Quota in June with 1.5m Daily Crude Output
Nigeria’s daily crude oil production climbed above its OPEC-assigned quota in June 2025, marking the second time this year the...
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Nigeria Seeks 25% OPEC Quota Increase, Targets 2 Million bpd by 2027
The Nigerian National Petroleum Company Limited (NNPC) says it plans to approach the Organisation of the Petroleum Exporting Countries (OPEC)...
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OPEC Urges $14.9 Trillion Investment in Upstream Oil to Avert Global Energy Crisis
The Organisation of the Petroleum Exporting Countries (OPEC) has issued a strong call for urgent and sustained global investment in...
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Nigeria-Morocco Gas Pipeline Achieves Key Milestones at Rabat Meetings
The Nigeria-Morocco Gas Pipeline project has reached major developmental milestones, with recent Technical and Steering Committee meetings held in Rabat,...
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WAPCo Act Amendment Key to Cross-Border Gas Efficiency, Says Company
The West African Gas Pipeline Company Limited (WAPCo) has described the ongoing amendment of the WAPCo Act as a strategic...
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Oil Prices Edge Higher Amid Prospects of New U.S. Sanctions on Russia
Oil prices inched upward on Monday, building on Friday’s strong gains as markets remained watchful of potential new U.S. sanctions...
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Nigeria’s Crude Producers Invest $8bn in Rig Infrastructure to Boost Output
Crude oil producers operating in Nigeria have invested $8 billion in rig infrastructure over the past three years as part...
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