Dangote Signs $400m Equipment Deal with XCMG to Boost Refinery Capacity to 1.4m bpd
The Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd. as part of ...
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Tag: #EnergySector
NUPRC: Nigeria Produced 2.71tn scf of Gas in 2025, Exported 35%
Nigeria produced 2.71 trillion standard cubic feet (scf) of gas in 2025, exporting about 35 per cent of total output, ...
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Nigeria Misses OPEC Crude Oil Quota for Sixth Consecutive Month
Nigeria has failed to meet its 1.5 million barrels per day crude oil production quota approved by the Organization of ...
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NNPC Injected N13.2tn into State Refineries in Two Years Despite Mounting Losses
The Nigerian National Petroleum Company Limited (NNPC Ltd) injected an estimated N13.2 trillion into Nigeria’s three state-owned refineries in 2023 ...
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Nigeria Set to Resume Petrol, Diesel Import Permits by Mid-February 2026
Nigeria may resume the issuance of petrol and diesel import permits as early as mid-February 2026, marking the first approvals ...
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DisCos Revenue Drops to N208.78bn in November Despite Higher Billing
Nigeria’s power distribution companies (DisCos) recorded N208.78 billion in revenue in November 2025, according to the Nigerian Electricity Regulatory Commission ...
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Nigeria’s Gas Output Rises 8%, Climbs by 198bn Scf Amid Elevated Flaring
Nigeria’s total gas production rose by nearly eight per cent in 2025, increasing by about 198 billion standard cubic feet ...
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Eterna Plc Launches ₦21.52bn Rights Issue to Fund Expansion and Growth
Eterna Plc has officially opened a ₦21.52 billion Rights Issue, marking a significant milestone in its capital-raising programme and long-term ...
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Nigeria Ranks Lowest Among Top 10 OPEC Countries in Global Oil Reserves
Nigeria has been listed as the lowest on the ladder among the top 10 Organisation of Petroleum Exporting Countries (OPEC) ...
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Tinubu’s petroleum regulator nominees pledge reforms to plug leakages, attract investment
President Bola Tinubu’s nominees for the leadership of Nigeria’s petroleum regulatory agencies on Thursday pledged sweeping reforms aimed at plugging ...
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