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 …
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In the NewsMarketsOil & Gas
Middle East Conflict May Push Petrol Price to ₦2,000 Per Litre – Marketers Warn
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 …
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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 …
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Energy TransitionIn the News
DisCos Collect N207bn from N258bn Bills in December as Revenue Recovery Improves — NERC
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 …
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In the NewsOil & Gas
Shell and Venezuela Agree to Develop Dragon Gas Project with First Exports to Trinidad by 2027
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 …
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KEY POINTS The Nigerian National Petroleum Company Limited, ,NNPCL, has increased its petrol pump price for the second time in less than 24 hours, following a gantry price hike by …
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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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Energy TransitionIn the News
EKEDC Announces Three-Day Daytime Power Outage in Lekki for Network Upgrade
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 …
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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 …
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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 …