In the News

KEY POINTS Socio-cultural groups operating under the umbrella of Ethnic Youth Leaders across Nigeria have assured citizens that the Dangote Refinery has the capacity to meet the country’s petroleum needs …

KEY POINTS The Nigerian Electricity Regulatory Commission (NERC) has revealed that electricity distribution companies, DisCos, collected N207.49 billion in revenue from N258.66 billion billed to customers in December 2025. The …

KEY POINTS Global energy company Shell has signed a series of oil and gas agreements with the Venezuelan government that pave the way for development of the long-delayed Dragon offshore …

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 …

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 …

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 …

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 …

KEY POINTS The Dangote Refinery has raised the ex-gantry price of Premium Motor Spirit, petrol, to N995 per litre, marking a N121 increase from its previous rate of N874 per …

KEY POINTS Global oil prices have surged past $90 per barrel following the escalating conflict involving Iran, triggering fears of another wave of global inflation. The international oil benchmark, Brent …

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 …