Fresh data reveals imported petrol costs N809.37 per litre, N64 less than Dangote refinery's N874 price, triggering controversy between importers and refinery officials amid global crude oil surge.
Nigerians face a 40% surge in cooking gas prices, with 1kg now costing N1,400 due to Middle East tensions disrupting global supply chains and crude oil markets.
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Nigeria's electricity generation has dropped below 4,000MW due to severe gas supply shortages affecting thermal power plants, raising concerns about worsening nationwide power outages and grid instability.
Dangote Refinery's suspension of diesel loading has triggered a 12% price hike to N1,200 per litre in Lagos depots, with concerns mounting over broader market impacts and consumer costs.
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NERC reports 6.97 million metered electricity customers in Nigeria by December 2025, with a 57.27% national rate. Experts warn the pace is too slow to close the gap for 5.19 million unmetered users.
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Nigerian cooking gas prices have surged to ₦1,400 per kilogram as Middle East tensions disrupt global energy markets, putting pressure on households and businesses.
The Federal Government, through the FCCPC, has announced a list of approved airtime and data lenders in Nigeria for 2026, aiming to enhance consumer protection and transparency in digital lending services.
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Cooking gas prices in Nigeria have surged to ₦950 per kilogram as Iran's attacks on ships in the Strait of Hormuz disrupt global energy supply, causing immediate ripple effects across markets.
The Nigerian National Petroleum Company (NNPC) has raised petrol prices nationwide, with Abuja at N960/litre and Lagos at N932/litre, amid global crude oil price surges.
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NOG Energy Week 2026, marking its 25th anniversary, will focus on implementing energy projects like the Gas Master Plan and African Atlantic Gas Pipeline to enhance Africa's energy security and economic growth.
A sudden N100 increase in ex-depot petrol prices by Dangote Refinery has triggered a chain reaction, with major marketers like NNPC and MRS raising pump prices to N975 per litre in Lagos, leading to widespread frustration and anticipated fare increases.
The Nigerian Electricity Regulatory Commission has mandated electricity distribution companies to refund N20.33 billion owed to customers under the Meter Asset Provider scheme within 12 months starting March 2026.
Major oil marketers including NNPC and MRS have raised petrol pump prices by N100 per litre following Dangote Refinery's ex-depot price adjustment, citing global crude oil volatility and Middle East tensions.
Nigerian petrol prices have skyrocketed 13% within two days following a global crude oil price surge. Major filling stations like MRS and AP have implemented new rates, with diesel costs also rising sharply, threatening recent inflation gains.
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Dangote Petroleum Refinery has increased diesel ex-depot price by N170 to N1,050 per litre due to rising global crude oil costs linked to Middle East conflict, potentially affecting transport and manufacturing sectors.
Depot owners across Nigeria have increased cooking gas prices by N100 per kilogram due to Middle East geopolitical tensions affecting global oil markets, impacting households and businesses.
Petrol depot prices across Nigeria have surged close to N1,000 per litre following Dangote Refinery's price adjustment and Middle East geopolitical tensions, with retail stations in Lagos and Abuja rapidly increasing pump prices.
Dangote Petroleum Refinery and depot operators have suspended petrol loading due to rising global crude oil prices, leading to new pricing structures and diesel price hikes in Lagos. Experts warn of potential higher pump prices as geopolitical tensions dr
Dangote Petroleum Refinery has increased its gantry price for petrol to N874 per litre, potentially driving retail pump prices nationwide to between N980 and over N1,000 per litre amid global crude oil volatility.
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Dangote Petroleum Refinery increases petrol ex-depot price to N875 per litre, up from N774, due to global crude oil volatility. Marketers adjust pumps as prices rise.
Saudi Arabia has suspended some operations at its massive Ras Tanura refinery following a drone attack that caused a fire. The incident highlights escalating tensions in the Gulf region.
The Nigerian National Petroleum Company has lowered petrol prices in Lagos to N837 per litre, while NIPCO Gas announces expansion of 20 CNG stations nationwide at N380 per cubic metre.
The Transmission Company of Nigeria has scheduled a temporary power outage on the Benin-Ajaokuta 330kV transmission line for maintenance from February 27 to March 31, 2026, affecting several areas in Benin.
Energy analysts caution that petrol and diesel prices in Nigeria could increase if global crude oil surpasses $90 per barrel, driven by escalating tensions between the US and Iran in the Middle East.
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The Midstream and Downstream Gas Infrastructure Fund has inaugurated a Compressed Natural Gas refueling facility at Obafemi Awolowo University, marking a significant step in Nigeria's energy transition and academic-industry collaboration.
Private depot operators in Nigeria have adjusted petrol prices to an average of N789 per litre, aiming to compete with Dangote Refinery's N774 rate. This move intensifies market competition, offering potential short-term price stability for consumers amid
Eko Electricity Distribution Company instructs corporate and maximum demand customers to provide tax identification details by February 28, 2026, to comply with Nigeria Tax Act 2025, with non-compliance risking invalid invoices and service suspension.
Nigeria faces nationwide blackouts as gas supply to thermal plants drops below 43% of requirement, forcing load shedding and reducing electricity generation to 4,300MW, far below peak demand.
NMDPRA data reveals Nigeria's modular refineries supplied an average of 2.37% of diesel demand from November 2025 to January 2026, overshadowed by Dangote Refinery and imports. CORAN calls for improved crude access and funding to boost domestic refining c
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The Abuja Electricity Distribution Company announces ambitious plan to cut blackouts and deliver near-24-hour electricity to FCT, Niger, Kogi, and Nasarawa states through new gas plant and infrastructure upgrades.
