KEY POINTS The Nigerian National Petroleum Company Limited, NNPC Ltd, recorded a significant drop in revenue in January 2026, with earnings falling by 47 percent to N2.57 trillion, compared with …
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In the NewsMarketsOil & Gas
Domestic Refining Cannot Fully Shield Nigeria from Global Fuel Price Swings – CPPE
KEY POINTS Nigeria’s growing domestic refining capacity may improve energy security and reduce dependence on imports, but it cannot completely shield the country from fluctuations in global fuel prices, according …
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In the NewsMarketsOil & Gas
Middle East Conflict May Push Petrol Price to ₦2,000 Per Litre – Marketers Warn
KEY POINTS The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has warned that petrol prices in Nigeria could soar to nearly ₦2,000 per litre if the ongoing crisis …
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KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has explained that the recent fluctuations in petrol pump prices across Nigeria are the result of market forces under …
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Energy TransitionIn the News
EKEDC Announces Three-Day Daytime Power Outage in Lekki for Network Upgrade
KEY POINTS The Eko Electricity Distribution Company, EKEDC, has announced a planned three-day power outage that will affect residents and businesses in the Lekki District of Lagos. The electricity distribution …
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KEY POINTS Israeli warplanes on Saturday evening carried out airstrikes on oil storage depots and refining facilities in Iran’s capital, Tehran, according to reports by Israel’s public broadcaster. The attacks …
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KEY POINTS The Federal Government, through the Nigerian National Petroleum Company Limited, NNPC, has begun sourcing crude oil from international traders to support operations at the Dangote Petroleum Refinery amid …
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KEY POINTS Nigeria’s national power grid is once again under strain, with only a small number of power plants contributing electricity to the system. Latest operational data from the Nigerian …
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Energy TransitionIn the News
Eskom Threatens to Cut Power to Ekurhuleni Over R3.4 Billion Electricity Debt
KEY POINTS South Africa’s state-owned power utility, Eskom, has issued a formal notice warning that it could reduce or completely interrupt electricity supply to large parts of the Ekurhuleni Metropolitan …
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In the NewsOil & Gas
Dangote Refinery Absorbs Rising Crude Costs, Promises Steady Petrol Supply for Nigerians
KEY POINTS Dangote Petroleum Refinery and Petrochemicals has reassured Nigerians that it will continue to maintain a steady supply of petrol despite recent disruptions in the global oil market. The …