Energy
NUPRC Notifies Oil Firms of Expiring Licences, Sets $5,000 Extension Fee
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued official notices to over 40 holders of Petroleum Prospecting Licences (PPL),...
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Oil Falls to Lowest in Over a Week as Trump Announces Israel-Iran Ceasefire
Oil prices plunged on Tuesday to their lowest levels in more than a week after U.S. President Donald Trump announced...
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NNPC Raises Petrol Price to ₦915 in Lagos, ₦945 in Abuja Amid Dangote Ex-Depot Hike
The Nigerian National Petroleum Company (NNPC) Limited has increased the pump price of Premium Motor Spirit (PMS), also known as...
Read moreNUPRC Positions Nigeria as Africa’s Next Upstream Investment Hub
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has presented Nigeria’s upstream oil and gas sector as Africa’s premier investment frontier,...
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States Take Charge of Electricity Regulation Under New Power Act
Operators and experts in Nigeria’s power sector have raised both concerns and optimism as states begin assuming regulatory control over...
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Oil Prices Dip as Traders Weigh U.S. Position on Israel-Iran Conflict, Fed Holds Rates Steady
Oil prices declined on Thursday as investors adopted a cautious stance amid mixed signals from former U.S. President Donald Trump...
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TCN Demands Repayment of N457bn Electricity Debt from FG to Unlock Transmission Expansion
The Transmission Company of Nigeria (TCN) has revealed that it is owed a total of N457 billion by the Federal...
Read moreNUPRC Mandates Unique ID and Clearance for All Crude Oil Exports Under New Regulation
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a new directive requiring all crude oil exporters to obtain a...
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NERC Orders Full Integration of Power Plants into National SCADA System by December 2025
The Nigerian Electricity Regulatory Commission (NERC) has issued a mandatory directive requiring all grid-connected power generation companies to fully integrate...
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Oil Prices Soar Over 9% After Israeli Strikes on Iran Raise Supply Fears
Oil prices surged more than 9% early Friday, reaching their highest levels in nearly five months, following Israeli strikes on...
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