Ikeoluwa Juliana Ogungbangbe

Nigeria daily petrol imports dropped 42 percent in January as Dangote Refinery boosted domestic supply, regulator data show

Telkom Q3 profit rose as mobile data and fibre demand lifted revenue, expanding margins despite pressure in its BCX division

KEY POINTS The African Development Bank, AfDB, has approved a $3.9 million, two-year project to support Nigeria and 12 other African countries in implementing their National Energy Compacts under the …

KEY POINTS Dangote Petroleum Refinery has reaffirmed its ability to meet and surpass Nigeria’s daily fuel consumption, announcing it can supply up to 75 million litres of Premium Motor Spirit …

KEY POINTS The Socio-Economic Rights and Accountability Project, SERAP, has filed a lawsuit against the Nigerian National Petroleum Company Limited, NNPCL, over its alleged failure to account for N22.3 billion, …

KEY POINTS International oil benchmarks surged past $70 per barrel this week, with Brent crude reaching $70.71 and US West Texas Intermediate hitting $65.42. By Friday, prices climbed further to …

KEY POINTS ExxonMobil has reported a decline in its fourth-quarter earnings, blaming weaker crude oil prices for offsetting gains recorded from higher production volumes. The US energy giant posted profits …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC Ltd, has launched its Gas Master Plan 2026 (NGMP 2026), a new roadmap aimed at repositioning Nigeria’s gas industry as a …

KEY POINTS The Federal Government has reduced entry costs for Nigeria’s latest oil licensing round as part of efforts to deepen transparency, stimulate production, and draw fresh investment into the …

KEY POINTS Crude oil prices climbed sharply on Thursday, extending gains for a third consecutive session, as growing fears of a potential US military strike on Iran heightened concerns about …