Energy
Nigeria Imports N5.7tn Crude Despite Massive Output, Exposing Supply Crisis
Despite being Africa’s largest crude oil producer, Nigeria imported crude oil worth a staggering N5.734 trillion in 2025, highlighting a...
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Oil Prices Surge Over 2% as Strait of Hormuz Remains Blocked Amid Middle East Tensions
Crude Oil prices rose more than 2% on Tuesday, March 17, 2026, following a sharp drop the previous day. The...
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68% of Nigeria’s Installed Power Capacity Idle in February, NERC Data Shows
Nigerian Electricity Regulatory Commission has revealed that approximately 68 per cent of Nigeria’s installed power generation capacity remained idle in...
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Oil Marketers Struggle Amid Rising Petrol Prices as Middle East Conflict Drives Costs Up
Independent Petroleum Marketers Association of Nigeria has raised alarms over the financial strain caused by soaring petrol prices in Nigeria,...
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PETROAN Urges Nigeria to Invest Oil Windfall in Gas Infrastructure Amid Rising Global Prices
The Petroleum Products Retail Outlets Owners Association of Nigeria has called on the Federal Government of Nigeria to channel gains...
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NUPRC Enforces ‘Drill or Drop’ Rule to End Oil Block Hoarding
The Nigerian Upstream Petroleum Regulatory Commission(NUPRC) has declared an end to the long-standing practice of oil companies holding exploration licences...
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NUPRC Declares “Drill or Drop” Era for Oil Licences, Launches 2025 Licensing Round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the era of oil companies holding exploration licences for years...
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Dangote Refinery Hikes Petrol Price to N1,175 per Litre Amid Surge in Global Crude
The Dangote Petrochemical Refinery has increased the ex-depot price of Premium Motor Spirit (PMS) to ₦1,175 per litre, reversing a...
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Group Dismisses Claim of N210tn Missing from NNPCL Accounts
A coalition of professionals under the Ajiyya Solidarity Forum has dismissed allegations that about N210tn is missing from the accounts...
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NNPC Reduces Petrol Pump Price in Lagos and Abuja
Nigerian National Petroleum Company Limited (NNPC) has reduced the pump price of petrol at its retail outlets to N1,130 per...
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