Energy
Oil Prices Fall as Traders Weigh Strait of Hormuz Risks and Possible US Sanctions Relief
Brent and US crude retreat as investors assess shipping disruptions, possible changes to US sanctions and rising oil output from...
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Oil Marketers Seek 60-Day Petrol Discount, Demand Inclusion of Independent Stations
Marketers want a longer discount window and a share of discounted fuel supplies, arguing that independent filling stations could extend...
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FG Approves Eastern-Western Power Grid to Tackle Recurring National Grid Collapses
The government plans to begin procurement for a new transmission network as it prioritises major demand centres and conducts a...
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Shell Agrees to Sell Nigerian Domestic Gas Business to Vaaris Energy
The transaction would transfer Shell’s domestic gas distribution operations to a Nigerian energy company, while the international oil major retains...
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FG Pledges Stable Electricity Supply Nationwide, Moves to Clear GenCos’ Legacy Debts
Federal Government renews commitment to addressing outstanding power generation debts and improving electricity reliability as financial challenges continue to affect...
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Oil Prices Fall as Prospects of Russian Diesel Supply Ease Global Fuel Market Concerns
Brent crude declines to $105.35 per barrel as traders weigh possible additional Russian fuel supplies against continuing risks to energy...
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Nigeria Installs Only 22.8% of World Bank-Backed Meters as 2027 Deadline Approaches
The $500 million Distribution Sector Recovery Programme has delivered 731,034 meters against a 3.2 million target, leaving nearly 2.47 million...
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Nigeria, Germany Move to Expand Investment, Energy Cooperation Under Strengthened Economic Ties
Federal Government pledges to translate bilateral agreements into measurable economic benefits as German Ambassador Stefan Rössel meets Budget and Economic...
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Nigeria’s Oil Revenue Faces Fresh Pressure as OPEC Slashes 2026 Demand Growth Forecast
The oil producers' group lowers its global demand growth projection to 400,000 barrels per day, raising concerns about crude prices,...
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Ribadu Unveils New Oil Industry Security Framework to Combat Crude Theft, Pipeline Vandalism
National Security Adviser introduces a coordinated operating framework to strengthen protection of petroleum infrastructure, improve inter-agency collaboration and curb illegal...
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