In the News

KEY POINTS Reports that the Dangote Petroleum Refinery is closing down for maintenance have been denied by the company, which calls the claims false and says they could hurt the …

KEY POINTS The Kano Electricity Distribution Company said on Monday that a fire at a key electricity substation damaged a power transformer, leaving parts of Katsina metropolis in the dark. …

KEY POINTS Leye Falade is the new CEO of Nigeria Liquefied Natural Gas Limited, NLNG. This is a big change in leadership at one of the country’s most important energy …

KEY POINTS A memorandum of understanding has been signed by Egypt and Qatar to enhance their cooperation in the sales and import of LNG. The Egyptian petroleum ministry said on …

KEY POINTS Nigeria is saving more than N10 trillion every year following the removal of fuel subsidy, according to Senator Olamilekan Adeola, representing Ogun West Senatorial District. Speaking on Saturday …

KEY POINTS Petralon Energy, an indigenous oil exploration and production company, has appointed Uduak Equere as Executive Director, effective January 5, 2026, marking a key leadership move after a year …

KEY POINTS As competition in the downstream oil market intensifies, the Nigerian National Petroleum Company Limited, NNPC, has once again reduced the price of fuel at its retail locations by …

KEY POINTS Nigerian billionaire Femi Otedola has sold his majority stake in Geregu Power Plc, one of the country’s main electricity generators, in a deal valued at $750 million. The …

KEY POINTS President Bola Tinubu has approved the cancellation of massive legacy debts owed by the Nigerian National Petroleum Company Limited, NNPC, to the country’s central treasury. The debts, totaling …

KEY POINTS Tankers moving crude oil by Chevron under a specific US license have successfully delivered Venezuelan cargoes to American ports in recent days, even as the government enforces a …