In the News

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 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 …