KEY POINTS President Bola Ahmed Tinubu has approved a targeted fiscal incentive designed to unlock the long-delayed Bonga Southwest Aparo (BSWA) deepwater oil project, a strategic development expected to attract …
KEY POINTS Global oil prices fell sharply as world leaders moved to reassure markets that measures are being prepared to cushion the impact of the ongoing war involving Iran on …
KEY POINTS Nigeria’s average daily consumption of Premium Motor Spirit (PMS), commonly known as petrol, declined to 56.9 million litres per day in February 2026, down from 60.2 million litres …
KEY POINTS The Jos Electricity Distribution Company, JEDC, Plc has unveiled a flexible debt repayment plan designed to help customers gradually settle outstanding electricity bills across its franchise areas. The …
KEY POINTS The Ekurhuleni Metropolitan Municipality in South Africa could face widespread electricity disruptions after its outstanding debt to power utility Eskom surged to more than R3.4 billion, prompting threats …
KEY POINTS The Chief Executive Officer of Dangote Petroleum Refinery & Petrochemicals, David Bird, has reaffirmed the refinery’s readiness to compete in Nigeria’s petroleum market under an import-parity pricing system, …
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 …
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 …
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 …
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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