UAE Petrol Prices Surge Over 30% as Middle East War Disrupts Oil Supply
Petrol prices in the United Arab Emirates rose by more than 30 per cent on Wednesday, while diesel prices surged ...
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Tag: #EnergyCrisis
IMF Warns Middle East War Sparks Fresh Global Economic Shock
The International Monetary Fund (IMF) has warned that the ongoing war in the Middle East is triggering a fresh global ...
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Oil Above $100 Could Slow Global Growth, Fuel Inflation – EBRD Warns
The European Bank for Reconstruction and Development (EBRD) has warned that a sustained rise in oil prices above $100 per ...
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Dangote Refinery Faces 79.53 Million Barrel Crude Shortfall Amid Supply Challenges
The ambitious supply arrangement between the Dangote Petroleum Refinery and the Nigerian National Petroleum Company Limited is facing significant hurdles, ...
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Dangote Warns Middle East Crisis Could Deepen Economic Hardship in Africa
President of Dangote Group, Aliko Dangote, has raised concerns over increasing volatility in the global oil market, warning that the ...
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GenCos Yet to Receive Payment Three Months After FG’s N501bn Power Sector Bond
Three months after the Federal Government issued a N501bn bond to address longstanding electricity debts, power generation companies (GenCos) are ...
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Dangote Refinery Exports 456,000 Tonnes of Fuel to Five African Nations
The Dangote Petroleum Refinery has expanded its regional footprint with the export of 12 cargoes of refined petroleum products, totalling ...
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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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Petrol Price May Rise to ₦1,500 Per Litre Amid Global Tensions — Marketers
Oil marketers have warned Nigerians to brace for a possible increase in the price of Premium Motor Spirit (PMS), commonly ...
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DisCos Generate N2.33tn Revenue in 2025 Despite Power Supply Complaints
Electricity distribution companies in Nigeria generated a combined revenue of about N2.33tn in 2025, despite persistent consumer complaints over poor ...
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