Energy
Nigeria’s Crude Oil Production Rises to 1.352mbpd in August, OPEC Report Shows
Nigeria’s crude oil production increased marginally from 1.307 million barrels per day (mbpd) in July to 1.352mbpd in August 2024,...
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Oil Prices Edge Higher Amid Hurricane Francine Disruptions in U.S. Production
Oil prices climbed during Asian trade on Thursday, driven by concerns over Hurricane Francine's impact on U.S. oil production, the...
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Oil Prices Recover Amid Hurricane Concerns Despite Global Demand Fears
Oil prices edged higher on Wednesday, recovering some of the losses from the previous day, as market participants focused on...
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Government Ramps Up Efforts to Stabilize Power Supply Amid DisCos’ Capacity Challenges
Nigeria’s electricity distribution companies (DisCos) have struggled to absorb the full power generation capacity, highlighting a significant bottleneck in the...
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NNPCL Admits Financial Strain Could Disrupt Petrol Supply as Debt Reaches $6 Billion
Nigeria National Petroleum Company Limited (NNPCL) has acknowledged that its ongoing financial challenges may jeopardize the sustainability of petrol supply...
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Minister of State for Petroleum to Address Soaring Cooking Gas Prices Amid Federal Government’s LPG Distribution Initiative
The Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo, has vowed to tackle the escalating prices of Liquefied...
Read moreNNPC Ltd Begins LNG Shipments to Japan and China, Expanding Global Market Presence
The Nigerian National Petroleum Company Limited (NNPC Ltd) is making significant strides in expanding its global market footprint by venturing...
Read moreNigeria’s Metering Progress Stalls Amid Rise in Estimated Billing Practices, NBS Data Reveals
Despite significant progress in increasing the number of metered electricity consumers in Nigeria, the issue of estimated billing remains a...
Read moreNNPCL Repays 60% of $1.036 Billion Loan for Stake in Dangote Refinery, Highlights Commitment to Strategic Investment
The Nigerian National Petroleum Company Limited (NNPCL) has made significant progress in repaying a $1.036 billion loan used to finance...
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Oil Prices Ease as U.S. Crude Stocks Rise Amid Diplomatic Efforts in Middle East
Oil prices experienced a slight decline on Wednesday, driven by a combination of rising U.S. crude inventories and diplomatic developments...
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