Cooking Gas Prices Rise N100/Kg in Nigeria
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.
Category : Energy Power
Petrol Depot Prices Near N1,000/Litre in Nigeria as Oil Tensions Rise
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 Refinery, Depots Change Petrol Prices After Sales Halt
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 Petrol Price Hike May Push Pump Prices to N1,000/L
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.
Dangote Refinery Raises Petrol Price by Over N100
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 Halts Refinery Operations After Drone Attack
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.
NNPC Reduces Petrol Price, NIPCO Adds 20 CNG Stations
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.
TCN Announces One-Month Power Outage for Maintenance Works
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.
Experts Warn Petrol, Diesel Prices May Rise in Nigeria Due to US-Iran War
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.
MDGIF Commissions CNG Station at OAU to Boost Clean Energy
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.
Depot Owners Cut Petrol Prices to N789 to Compete with Dangote
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
EKEDC Requires TIN, NIN, CAC from Corporate Clients as Tax Act Takes Effect
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.
Gas Shortage Cuts Nigeria's Power Generation to 4,300MW
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.
Modular Refineries Supply 2.37% of Diesel as Dangote, Imports Lead
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
AEDC Plans Near-24-Hour Power in FCT, 3 States by 2027
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.
Gas Shortage Forces Load Shedding Across Nigeria's Power Grid
Nigeria's electricity supply faces severe strain as gas shortages drop below 43% of requirements, forcing the Independent System Operator to implement load shedding nationwide.
Lagos Tops States With Most Expensive Diesel Prices in Nigeria
The National Bureau of Statistics reveals diesel prices fell 9.32% year-on-year in January 2026, with Lagos, Akwa Ibom, and Borno recording the highest costs while Kogi, Ogun, and Zamfara had the lowest.
Petrol Prices Drop 17.77% in January 2026, NBS Reveals
The National Bureau of Statistics reports a significant 17.77% year-on-year decrease in petrol prices for January 2026, with Cross River, Rivers, and Nasarawa recording the highest prices while Ekiti, Enugu, and Kaduna have the lowest.
Ikeja Electric Threatens Demolition of Power Line Structures
Ikeja Electric has ordered traders and business operators to vacate areas beneath high-voltage power lines in Lagos, warning of demolition and prosecution for non-compliance.
NDPHC Calls for End to Electricity Subsidies, Cost-Reflective Tariffs
The Niger Delta Power Holding Company has urged the federal government to phase out electricity subsidies and introduce fully cost-reflective tariffs to address liquidity challenges and stabilize Nigeria's power sector.
REA, ECOWAS Partner on $700K Solar Electrification Project
The Rural Electrification Agency and ECOWAS sign a $700,000 grant agreement to power 15 health and education facilities with solar energy in FCT, Niger, and Nasarawa states, aiming to combat energy poverty.
REA MD Gets 24-Hour Ultimatum Over Billions in Funds
The House Committee on Renewable Energy has ordered the Rural Electrification Agency MD to appear within 24 hours to account for N151 billion in government funds and international grants received between 2015 and 2024.
Dangote Refinery Signs Deal with 12 Marketers for Petrol Supply
Dangote Petroleum Refinery has secured an agreement with 12 major petroleum marketing companies to distribute up to 65 million litres of petrol daily across Nigeria, aiming to reduce fuel imports and stabilize prices.
Nigeria Gets $700k ECOWAS Grant for Solar Power in 15 Institutions
The Federal Government has secured a $700,000 ECOWAS grant to install solar power systems in 15 public health and education institutions across Nigeria, marking the start of a regional clean energy initiative.
GenCos Refute Claims of Power Sector Debt Cut to N2.8tn
The Association of Power Generation Companies has dismissed reports that President Tinubu reduced legacy debts from N6.5 trillion to N2.8 trillion, calling the claims false and misleading without official confirmation.
Tinubu, Power Firms Clash Over N6tn vs N2.8tn Electricity Debt
The Association of Power Generation Companies rejects claims that N2.8 trillion is the final settlement for legacy debts, insisting proper reconciliation hasn't occurred while maintaining confidence in President Tinubu's administration.
Tinubu Approves N2.8tn for GenCos, Rejects N6tn Claim
President Bola Tinubu has approved N2.8 trillion as verified electricity subsidy debt to power generation companies, rejecting their N6 trillion claim after government audit.
FG Announces Free Electricity Meter Installation Nationwide
The Federal Government has launched a nationwide initiative providing free electricity meters and installation to consumers across all 36 states and Abuja, warning against any illegal charges.
Presidential Villa to Disconnect from National Grid by March 2026
The Federal Government plans to disconnect the Presidential Villa from the national power grid by March 2026 after completing a solar power installation. The project, funded with N10bn in 2025 and an additional N7bn proposed for 2026, aims to cut energy c
Grid Collapse Causes Blackout in Five Eastern States
A partial collapse of Nigeria's national electricity grid has left five South-East states without power, with restoration efforts ongoing amid concerns over upcoming gas facility maintenance that could reduce supply by 20%.
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