
Energy







Rising global crude oil prices may soon impact the local pump price of petrol in Nigeria, offsetting the recent price reductions recorded over the past few weeks.

The price of fuel at filling stations is set to adjust in the coming days, and oil marketers have provided reasons, warning Nigerians about the expected changes.

Residents and businesses around Edo state can hope for better power supply as the 230MW Ihovbor Power Plant kicks off operations, after 13 years in coma

Good news for the administration of president Tinubu as oil prices rises to highest level in the last four month giving hope for more revenue for government.

A new report has predicted that Nigeria and Angola will lead the surge in crude oil production to seven million barrels per day in Africa in 2025.

Filling stations are expected to adjust their pump prices as the cost of petroleum products increases, following depots' increasing crude oil prices.

Brent, the global standard for crude oil, touched $79.76 a barrel on Monday, raising the price of loading refined petroleum products, such as Premium Motor Spirit.

Filling station owners have expressed interest to begin the sale of Compressed Natural Gas (CNG) which is priced at N200 but needs government support.

The Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) has explained that poor construction work on the Est West Road hinders petrol distribution.
Energy
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