Energy
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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MEMAN: Imported Petrol Landing Cost Drops to N839.97/litre
The landing cost of imported Premium Motor Spirit (PMS), commonly known as petrol, has dropped marginally from N849.61 to N839.97...
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FG Sets Up Committee to Draft 2025–2030 Strategic Plan for Oil and Gas Sector
The Federal Government has inaugurated a new committee to develop a comprehensive strategic plan of action aimed at unlocking greater...
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NUPRC: Nigeria’s 2024 Oil Licensing Round to Deliver 1.5bn Barrels Output in 10 Years
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the 2024 oil licensing round could deliver up to 1.5...
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