Police DSP Kills Self Over Arms Supply to Bandits
A Deputy Superintendent of Police in Niger State shot himself dead after being implicated in supplying AK-47 rifles and ammunition to bandits. Full details of the shocking incident inside.
Category : Search result: US crude supply
IBEDC Blames Outages on Reduced Grid Supply
IBEDC apologises for prolonged power outages in Oyo, Ogun, Osun, and Kwara, citing reduced allocation from the national grid. The company is engaging with TCN for a solution. Read more.
Nigeria's oil rigs stuck at 41 amid OPEC expansion
Nigeria's oil rig count remained flat at 41 in November, unchanged from 2024, while OPEC nations boosted activity by 7%. Discover the structural challenges holding back Africa's top producer.
Gas Issues, N6tr Debt Cripple Nigeria's Power Generation
Nigeria's electricity supply plummets due to gas constraints and a massive N6 trillion debt owed to power generation companies. Find out why the grid remains unstable.
FG Issues N1.23tr Bond to Settle Power GENCO Debt
The Federal Government plans a N1.23 trillion bond to clear debts owed to power generation companies and restore liquidity in the electricity market. Read more.
Gas Constraints Cause Power Decline in South-East - EEDC
EEDC blames recent electricity supply decline on gas shortages affecting GenCos, leading to load shedding. The company apologises for the inconvenience and urges customer patience.
Gas Shortage Causes Major Drop in Nigeria's Power Supply
Nigeria's national grid confirms a sharp drop in electricity supply nationwide due to gas constraints affecting generation companies. Learn the impact and historical context of the power crisis.
Dangote Debunks Trump Feud Rumours, Cites US Crude Supply
Aliko Dangote dismisses rumours of US President Trump's opposition to his refinery, revealing it buys 100 million barrels of crude annually from America. Get the full story.
OmniPay Launches Solutions to Ease Supply Chain Pressure
OmniPay has launched new payment tools and honoured key distributors at its first gala night, reaffirming its commitment to supporting Nigeria's supply chain against economic challenges. Discover the new features.
Reps Panel Pushes for Fuel Supply Sufficiency, Downstream Efficiency
The House Committee on Petroleum (Downstream) outlines a legislative push to strengthen local refining and stabilise Nigeria's fuel sector ahead of 2026. Read the full plan.
Dangote: Fuel Queues Gone Forever, Refinery to Expand
Aliko Dangote assures Nigerians of stable fuel supply this Christmas and reveals plans to make Dangote Refinery the world's largest by 2028. Read the full details.
Nigeria starts N185bn gas legacy debt repayment
The Federal Government has commenced settling N185 billion in legacy debts to gas producers. This move, approved by NEC, aims to revitalize the gas sector, improve electricity generation, and stimulate economic growth. Read more.
N185bn Approved to Settle Gas Debts for Power Boost
The Federal Government has approved N185 billion to pay legacy debts to gas producers, aiming to restore confidence, boost gas supply, and improve Nigeria's electricity generation. Read more.
3-Hour Power Outage in Anambra This Sunday
FirstPower announces a planned 3-hour power outage in parts of Anambra on Sunday, Dec 7, for a critical transformer upgrade. Details on affected areas and the reason behind the service disruption.
Dangote: Fuel Queues Gone Forever, Christmas Supply Assured
Aliko Dangote assures Nigerians of stable petrol supply during Christmas and reveals plans to make his refinery the world's largest by 2028. Read the full details.
Dangote Refinery Slashes Diesel Price to N910/Litre
Dangote Refinery reduces diesel price to N910 per litre, a 4.21% drop, offering relief to Nigerian industries and transport ahead of Christmas. Driven by global crude trends and improved NNPC supply.
Doctor Arrested for Aiding Kwara Kidnappers
Security forces in Kwara State have detained a medical doctor suspected of transporting drugs to kidnapping gangs. The arrest in Jebba highlights the gangs' desperation for medical aid after clashes. Read the full report.
Reclaiming Sanity: A Call for Responsible Leadership
Public affairs enthusiast Yinka Rahman calls for a sane Nigeria through visionary leadership, functional institutions, and citizen accountability. The future demands action.
Serbia's Oil Refinery Shutdown Could Cost for Years
Experts warn Serbia faces years of economic fallout, job losses, and budget risks after the shutdown of its only oil refinery due to US sanctions on Russian owners. Read the full analysis.
Gucci, Prada, Versace in Italy Sweatshop Probe
Milan prosecutors target 13 luxury brands over suspected labour exploitation in their supply chains. Find out which major fashion houses are involved and the legal implications.
Italy's Luxury Brands Shaken by Sweatshop Investigations
Italian prosecutors uncover 'degrading' conditions at luxury brand subcontractors. Read how the 'Made in Italy' reputation is under threat and what it means for global fashion.
Dangote Refinery Vows 1.5bn Litres Petrol Supply in December
Dangote Refinery commits to supplying Nigeria with 1.5 billion litres of petrol in December 2025, promising market saturation and price stability. Read the full details of their letter to regulators.
Dangote Slashes Petrol Price to N840/Litre for Christmas
Dangote Refinery reduces petrol ex-depot price to N840/litre, triggering competitive cuts among depot owners. The move follows NNPC's price adjustment and a global crude oil price crash to $60 per barrel. Read more on the festive season relief.
New Lagos hub to tackle Nigeria's $1.7bn logistics loss
TY Logistics Park launches in Lekki to reverse Nigeria's $1.7bn annual logistics drain with a tech-driven model. Discover how it cuts costs and boosts SME exports.
Dangote Refinery to Supply 1.7bn Litres of Petrol Monthly
Dangote Refinery commits to supplying up to 1.7 billion litres of petrol monthly, boosting Nigeria's fuel security. Read the full details of this landmark development.
OPEC+ Expected to Maintain Current Oil Output Levels
OPEC+ ministers are expected to maintain current oil production levels in their upcoming online meeting. Analysts cite market uncertainty and Ukraine conflict impacts on prices. Read more.
Nigeria's Money Supply Reaches N119 Trillion
Nigeria's broad money supply increased to N119.04 trillion in October 2025, driven by rising domestic assets despite falling foreign reserves. Learn what this means for the economy.
Anambra Issues FirstPower 1-Year Electricity License
Anambra State grants FirstPower Electricity Company a one-year interim distribution license under new state regulatory framework. Historic move aims to boost power supply across the state.
Edo Govt Denies Revoking Presco Land Rights
Edo State government refutes an unauthorised notice revoking Presco Plc's land rights. Read the official statement and analysis on the state's commitment to investor protection.
Reps Demand EFCC Account for Seized Crude Oil
House of Representatives committee presses EFCC for full details on crude oil seizures and sales under Naira-for-Crude Policy. Hearing adjourned to December 4.
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