Energy
Oil Prices Edge Higher Amid Saudi Supply Concerns and Strait of Hormuz Disruptions
Global oil prices rose on Friday as fresh concerns over supply disruptions in the Saudi Arabia and continued restrictions in...
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Nigeria’s Power Plants Operate at Just 30% Capacity as 70% of Generation Assets Sit Idle
The upstream segment of Nigerian Electricity Supply Industry (NESI) recorded severe underperformance in March 2026, with only 30 per cent...
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FG Inaugurates Committee to Review $200bn Gas, Power, High-Speed Rail Project
The Federal Government of Nigeria has inaugurated a technical committee to review a proposed $200 billion integrated infrastructure project submitted...
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NUPRC Reforms Unlock Over $10bn in Upstream Oil and Gas Investments
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says recent reforms in Nigeria’s oil and gas sector have unlocked more than...
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Oil Prices Rise as Uncertainty Over Middle East Ceasefire Persists
Oil prices climbed on Thursday as uncertainty surrounding a fragile two-week ceasefire in the Middle East raised fresh concerns about...
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DisCos Record N63.46bn Revenue Shortfall as Recovery Efficiency Drops in January 2026
Nigeria’s electricity distribution companies (DisCos) recorded a revenue shortfall of N63.46 billion in January 2026 as recovery efficiency declined to...
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Imported Petrol Cheaper Than Dangote Refinery Supply — World Bank
The World Bank has disclosed that imported Premium Motor Spirit (PMS), also known as petrol, is currently cheaper than fuel...
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Nigeria Loses Up to N8bn Monthly to Transmission Inefficiencies, Says NISO Boss
The Managing Director and Chief Executive Officer of the Nigerian Independent System Operator, Abdu Bello, has revealed that Nigeria’s power...
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Pipeline Security Boosts Nigeria’s Oil Output to 1.71mbpd – NNPC
The establishment of integrated pipeline security measures in the Niger Delta has significantly boosted Nigeria’s crude oil production, rising from...
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Downstream Operators Eye Price Relief as NNPC Doubles Crude Supply to Dangote Refinery
Operators in Nigeria’s downstream oil sector have projected possible price relief following increased crude oil deliveries to the Dangote Petroleum...
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