The Dangote Refinery accepted 52.6 million barrels of crude oil out of 68.1 million barrels offered by producers under Nigeria’s Domestic Crude Supply Obligation (DCSO) framework...
The Nigerian Electricity Regulatory Commission has dissolved the board of Kaduna Electricity Distribution Plc over N456.5bn in cumulative market obligations, citing prolonged financial defaults, inadequate investment...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has defended the performance of its management under Group Chief Executive Officer (GCEO), Bayo Ojulari, saying crude oil...
Nigeria is projecting up to $50 billion in offshore oil and gas investments by 2030 as it seeks to sustain the recovery in its upstream sector...
Nigeria’s electricity metering rate climbed marginally to 59.69 percent in April 2026, but the pace of meter deployment slowed, signalling that distribution companies may struggle to...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) posted a profit after tax of ₦535 billion in June 2026, even as operational disruptions, facility integrity issues...
Aradel Cuts Net Debt by 70 Per Cent as the icompany strengthened its balance sheet in the first half of 2026, reducing net debt to N46.5...
Dangote Petroleum Refinery and Petrochemicals FZE has raised $2.5 billion through what it described as Africa’s largest publicly disclosed primary equity placement, marking a milestone in...
The Federal Government has paid N333 billion to electricity generation companies (GenCos) under the first phase of its power sector debt financing programme, as it moves...
The Federal Government has disclosed that 13 of the 50 oil and gas blocks offered under the 2025 Licensing Round will be returned to the licensing...
Nigeria’s downstream petroleum market entered a new phase on Sunday after the Dangote Refinery adopted US dollar-denominated pricing for its petroleum products, a move expected to...
The Federal Government has approved a special production-linked tax credit for Shell Plc’s Bonga Southwest Aparo deepwater oil project, a move expected to unlock about $20bn...
Nigeria oil production climbed to a six-year high in June 2026, exceeding the country’s Organisation of the Petroleum Exporting Countries (OPEC) quota for the fourth consecutive...
Nigeria could record stronger oil revenues in 2026 as higher crude prices driven by the conflict in the Middle East improve earnings for oil-exporting countries, but...
UTM Offshore has secured a 15-year gas supply agreement for its planned $3 billion Floating Liquefied Natural Gas (FLNG) project, marking a major milestone towards reaching...
Dangote Group has revealed plans to finance its proposed 700,000 barrels-per-day (bpd) oil refinery in Kenya through a combination of internally generated funds, bond issuances and...
Says country missed opportunity to become alternative supplier as Europe sought new energy sources The Independent Petroleum Producers Group (IPPG) has said Nigeria failed to seize...
