Energy
Dangote Refinery confirms readiness to meet Nigeria's daily petrol consumption
Dangote Petroleum Refinery has confirmed its readiness to meet Nigeria's petroleum needs and also to export, as more African countries show interest in buying.
Shell shuts down underwater pipeline operation after oil spill, names location affected
The 16-inch Nun River-Kolo stream crude trunkline in Bayelsa ceased receiving crude feeds after an oil spill, according to the Shell Petroleum Development Company
Petrol landing costs drop as Dangote, refinery owners explain failure to meet domestic fuel demand
Nigerian Refinery owners have blamed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for their failure to meet local fuel demand.
Refinery owners ‘expose’ Dangote petrol reserves amid imports by oil marketers
Refinery owners in Nigeria have said that the Dangote Refinery has about 500 million litres of petrol, enough to meet local demands for more than 10 days.
New petrol prices loom as crude oil prices rise amid Trump’s plan to refill US reserves
The price of crude oil has risen above $76 per barrel, putting refinery owners on high alert over the possible hike in petroleum product prices.
OPEC expects Nigeria to produce 4 million barrels of oil daily
The Organisation of the Petroleum Exporting Countries has sent a new challenge for Nigerian government to achieve crude oil production of 4 million barrels per day.
FAAC report indicates NNPCL removed N13.7trn from FG's account
The NNPCL has withheld a record N13.763 trillion in revenue from the Federal Government, making it more challenging to fund the national budget according to report.
Dealers sell cooking gas at new prices in some Nigerian states as PMS cost crashes
The prices of liquified natural gas and petrol have crashed drastically across Nigeria due to the reduction in energy costs as reflected in the CPI rebasing by NBS.
Nigeria achieves new high in 2025, records 5,543MW of electricity in one hour
Two months after December 2024, Nigeria has achieved a major milestone in electricity generation, with peak record of 5,543MW, but is still behind FG target...
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