KEY POINTS The Nigeria Labour Congress, NLC, has called on the Federal Government to urgently intervene following the sharp increase in petrol prices, which have climbed to between N1,230 and …
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KEY POINTS The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has called on the Federal Government to channel potential gains from rising global oil prices into the development …
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KEY POINTS Officials of the government of Togo have approached Nigeria to increase the volume of electricity supplied to the country as demand for power continues to surge across its …
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In the NewsOil & Gas
France, Italy open talks with Iran to secure safe passage for ships in Strait of Hormuz amid Middle East conflict
KEY POINTS France and Italy have reportedly initiated diplomatic contacts with Iran in an effort to ensure the safe passage of their commercial vessels through the Strait of Hormuz, a …
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In the NewsMarketsOil & Gas
Dangote Refinery Raises Petrol Price to N1,175 per Litre Amid Global Oil Price Surge
KEY POINTS The Dangote Refinery has increased its ex-gantry price for Premium Motor Spirit (PMS), commonly known as petrol, to N1,175 per litre, marking a N100 rise from its previous …
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Energy TransitionIn the News
Federal Government Begins Development of Ikom Multipurpose Dam and 250MW Hydropower Project under PPP Framework
KEY POINTS The Infrastructure Concession Regulatory Commission (ICRC) has announced the formal commencement of the Ikom Multipurpose Dam and 250-megawatt Hydropower Project, following approval by the Federal Government to develop …
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KEY POINTS Global oil prices climbed sharply on Thursday after Iran intensified attacks on oil and transportation facilities across the Middle East, raising fears of a prolonged regional conflict and …
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In the NewsMarketsOil & Gas
Monopoly Concerns Mount as Dangote Refinery Dominates Nigeria’s N14.4 Trillion Petrol Market
KEY POINTS Concerns over potential monopoly in Nigeria’s fuel market are intensifying after the Dangote Petroleum Refinery emerged as the dominant supplier of petrol following the Federal Government’s suspension of …
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KEY POINTS The International Energy Agency, IEA, has warned that the ongoing conflict in the Middle East is causing what could become the largest supply disruption in the history of …
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In the NewsMarketsOil & Gas
FG Insists on Market-Based Petrol Pricing Despite Global Oil Market Volatility
KEY POINTS The Federal Government has reaffirmed its commitment to maintaining a market-driven pricing regime for petrol, stressing that it will not impose price controls even as escalating geopolitical tensions …