Energy
Petrol Prices May Drop to N1,200 as Dangote Refinery Cuts Ex-Depot Rates
Marketers of petroleum products say petrol prices in Nigeria may soon drop to about N1,200 per litre following a fresh...
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NNPC Voluntary Retirement Scheme Gains Momentum as Over 70% of Eligible Staff Opt In
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has commenced an early retirement scheme that has reportedly attracted strong participation,...
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Nigeria Crude Oil Output Surpasses OPEC Quota, Hits 15-Month High in May 2026
Nigeria’s crude oil production rose above its Organisation of the Petroleum Exporting Countries (OPEC) quota in May 2026, reaching its...
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Six Fuel Vessels Arrive Nigeria Amid Dangote Refinery Import Ban Legal Battle
Six vessels carrying approximately 212.7 million litres of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel), valued at nearly...
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Nigeria Exceeds OPEC Quota as Crude Oil Production Hits 11-Month High
Nigeria’s crude oil production surpassed its Organisation of the Petroleum Exporting Countries (OPEC) quota in May 2026, reaching its highest...
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Nigeria Targets 209,000MW Power Generation by 2050 as $11bn Solar Projects Gain Momentum
Nigeria is pursuing an ambitious expansion of its electricity generation capacity, with plans to reach 209,000 megawatts (MW) of power...
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Oil rises more than $1 as escalation in US-Iran strikes unnerve traders
Global stock markets declined as renewed military tensions between the United States and Iran rattled investor sentiment, adding pressure to...
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Heirs Energies’ $750m Financing Deal Wins International Oil and Gas Award
Heirs Energies Limited has earned international recognition after its landmark $750 million dual-tranche senior secured reserve-based lending facility was named...
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Shell Nigeria Gas Highlights Path to Increased Natural Gas Utilisation in Nigeria
Shell Nigeria Gas (SNG) has outlined key measures that could help Nigeria increase its natural gas utilisation and unlock greater...
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DisCos Lose N310bn in Q1 2026 Amid Weak Billing and Revenue Collection — NERC
Nigeria’s electricity distribution companies (DisCos) lost about N309.73 billion in the first quarter of 2026 due to unbilled energy and...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.