Energy
Oil Prices Dip as Traders Weigh U.S. Position on Israel-Iran Conflict, Fed Holds Rates Steady
Oil prices declined on Thursday as investors adopted a cautious stance amid mixed signals from former U.S. President Donald Trump...
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TCN Demands Repayment of N457bn Electricity Debt from FG to Unlock Transmission Expansion
The Transmission Company of Nigeria (TCN) has revealed that it is owed a total of N457 billion by the Federal...
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NUPRC Mandates Unique ID and Clearance for All Crude Oil Exports Under New Regulation
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a new directive requiring all crude oil exporters to obtain a...
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NERC Orders Full Integration of Power Plants into National SCADA System by December 2025
The Nigerian Electricity Regulatory Commission (NERC) has issued a mandatory directive requiring all grid-connected power generation companies to fully integrate...
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Oil Prices Soar Over 9% After Israeli Strikes on Iran Raise Supply Fears
Oil prices surged more than 9% early Friday, reaching their highest levels in nearly five months, following Israeli strikes on...
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IPPG Backs NUPRC’s One Million Barrels Initiative as Nigeria Hits 97% of OPEC Quota
The Independent Petroleum Producers Group (IPPG) has pledged its full support for the Project One Million Barrels Incremental initiative, launched...
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Nigeria Records N12.96tn Crude Exports in Q1 2025 Despite Refinery Feedstock Challenges
Nigeria exported crude oil and petroleum products valued at ₦12.96 trillion in the first quarter of 2025, according to the...
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Federal Government Set to Cancel Inactive Oil Licenses in new Policy
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to implement the ‘drill or drop’ policy across the country’s...
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Weak Chinese demand, OPEC+ supply growth, and pending Trump review weigh on oil prices
Oil prices eased slightly on Wednesday as global markets processed the outcome of US-China trade negotiations, which are still pending...
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Oil Prices Dip After U.S. Inventory Build and Saudi Price Cuts for Asia
Oil prices slipped further on Thursday, weighed down by a combination of rising U.S. fuel inventories, Saudi Arabia’s price cuts...
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