Energy
15% Petrol Import Duty Will Boost Local Production — Bismark Rewane
Renowned economist and Chief Executive Officer of Financial Derivatives Company Limited, Bismark Rewane, has backed President Bola Ahmed Tinubu’s approval of...
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Oando Posts 164% Profit Surge, Share Price Rallies as Earnings Outlook Strengthens
Oando Plc has posted a strong third-quarter performance, recording a 164 per cent rise in net profit to N210.31 billion,...
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NERC Marks 20 Years of Regulating Nigeria’s Electricity Sector
The Nigerian Electricity Regulatory Commission (NERC) has announced the commencement of activities to mark its 20th anniversary, celebrating two decades...
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NNPC Seeks Technical Equity Partners to Revive Idle Refineries
The Nigerian National Petroleum Company (NNPC) Limited says it is seeking technical equity partners to help revive three of its...
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Tinubu Approves 15% Import Duty on Petrol, Diesel to Support Local Refineries
President Bola Tinubu has approved the implementation of a 15 per cent ad-valorem import duty on petrol and diesel imports...
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LPG Marketers Target Six Million Metric Tonnes Annual Supply to Deepen Gas Adoption
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has set a target to increase Nigeria’s annual Liquefied Petroleum Gas...
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Federal Government Urges States to Take Over Power Generation and Distribution
The Federal Government has called on Nigeria’s 36 states to assume full responsibility for electricity generation, transmission, and distribution, saying...
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Nigeria Records 93.7 Million-Barrel Oil Production Shortfall in Eight Months
Nigeria has recorded a crude oil production shortfall of about 93.74 million barrels in the first eight months of 2025,...
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Dangote Refinery to Begin Crude Oil Production, Targets 40,000 Barrels Daily
The Dangote Refinery is expected to commence crude oil production before the end of the year, according to a new...
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CBN Releases $1.26bn for Fuel Imports Despite Dangote Refinery Output
The Central Bank of Nigeria (CBN) has disbursed a total of $1.259 billion to oil sector players for the importation...
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