Energy
Oil Firms Resisted Supplying Crude to Local Refineries in 2024 — NUPRC
The Nigerian government’s bid to enforce the Domestic Crude Supply Obligation (DCSO) faced stiff resistance in 2024, as several upstream...
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FG Sets July 23–24 for National Forum on Petrol Pricing, Supply Stability
The Federal Government has announced July 23 and 24, 2025, as the dates for a national stakeholder forum aimed at...
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Nigeria Records Zero Grid Collapses in Q1 2025 — NERC Report
In a rare and positive development for Nigeria’s power sector, the national electricity grid recorded no system collapse or disturbance...
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Oil Prices Flat as Market Juggles OPEC+ Supply Prospects and U.S. Inventory Data
Oil futures remained largely unchanged on Wednesday, as traders digested the prospect of increased supply from major producers next month,...
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FG Cracks Down on Dormant Oil Licenses, Demands Active Field Development
In a decisive move to boost crude oil production and meet 2025 budgetary targets, the Federal Government on Tuesday declared...
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Marketers Hold Off Pump Price Cut Despite Dangote Refinery’s Petrol Reduction
Despite the ex-depot petrol price reduction announced by Dangote Petroleum Refinery on Monday, many fuel marketers have refused to lower...
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Oil Prices Dip on OPEC+ Output Hike Expectations, Tariff Concerns
Oil prices edged lower on Tuesday as traders reacted to expectations of a fresh OPEC+ output increase in August and...
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FG Launches LPG Penetration Programme in North-West, Targets 5 Million Cylinders by 2030
The Federal Government has launched the North-west zone phase of its Liquefied Petroleum Gas (LPG) grassroots penetration programme and cylinder...
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NCDMB Unveils ‘Nigeria First’ Policy to Boost Local Content in Oil, Gas
The Nigerian Content Development and Monitoring Board (NCDMB) is finalising a new procurement framework titled the Nigeria First Procurement Policy,...
Read moreOil Firms Remit ₦57.07bn to Host Communities in 2024 — NUPRC
Oil and gas companies operating in Nigeria remitted a total of ₦57.07 billion to Host Community Development Trusts (HCDTs) in...
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