Fuel Prices Stay High Despite Crude Oil Drop in Nigeria
Petrol and diesel prices remain elevated across Nigerian depots despite a 5% decline in international crude oil prices, with supply constraints driving local market dynamics.
Category : Energy Power
African Energy Bank Targets $10bn for Nigeria, Angola, Libya
The newly established African Energy Bank aims to mobilize $10 billion for strategic energy projects across Africa, with initial focus on Nigeria, Angola, and Libya to unlock stalled developments.
Fuel Prices Drop 11.81%: Cheapest States in Nigeria
Nigerian petrol prices fell significantly in December 2025, with Oyo State emerging as the cheapest location for fuel purchases according to NBS data.
Fuel Scarcity Looms in Nigeria as Marketers Warn of Supply Issues
Petrol marketers warn Nigerians to prepare for irregular fuel supply due to rising import costs, heavy bank debts, and global oil price pressures that threaten to push pump prices higher.
FG Orders States to Share Electricity Subsidy Burden
The Federal Government has directed state governments to begin sharing electricity subsidy costs through the Power Assistance Consumers Fund, replacing blanket subsidies with targeted support.
FG to Share Electricity Subsidy with States, LGs from 2026
The Federal Government plans to end its solo funding of electricity subsidies, introducing a cost-sharing framework with state and local governments starting in 2026 to enhance transparency and sector stability.
Cooking Gas Prices Crash in Nigeria: 10 Cheapest States Revealed
Latest NBS data shows significant drop in cooking gas prices across Nigeria in December 2025, with Katsina emerging as the cheapest state for both 5kg and 12.5kg cylinders.
Four-Day Power Outage in Ondo for TCN Maintenance
The Transmission Company of Nigeria has scheduled a four-day preventive maintenance exercise at the Ife/Ondo Transmission Substation, causing temporary power outages in parts of Ondo State from February 2-5, 2026.
NiMet Predicts 3-Day Thunderstorms Across Nigeria
The Nigerian Meteorological Agency forecasts thunderstorms and rainfall across central and southern regions from Tuesday to Thursday, advising residents to take precautions.
Dangote Group Signs Gas Supply Deals with NNPC
Dangote Industries Limited has signed expanded gas supply agreements with NNPC to power its refinery, cement, and fertiliser plants, supporting cleaner energy and production growth.
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Fatgbems Opens Opic Mega Station, Expands Energy Retail Footprint
Fatgbems Group has commissioned a state-of-the-art mega station in Opic, Ogun State, marking a significant expansion in Nigeria's energy retail sector with job creation and community development.
Marketers Sell Petrol Below Dangote, NNPC Rates
Independent petroleum marketers and private depots are selling petrol below Dangote Refinery's N799 ex-gantry price and NNPC's increased rates, offering competitive alternatives to consumers.
Petrol Price May Increase by N200 per Liter as Crude Oil Rises
Nigerians may face another N200 per liter increase in petrol prices following a surge in global crude oil prices above $70 per barrel, with industry experts warning of potential N1,000 per liter rates.
Clean Cooking: Nigeria's Scalable Climate Investment Path
BURN positions clean cooking as Nigeria's fastest climate solution with health and economic benefits. New carbon policies boost investor confidence while local manufacturing scales access.
Expert Strategy to End Nigeria's Power Blackouts
Energy expert outlines comprehensive strategy including metering, grid expansion and infrastructure upgrades to address Nigeria's recurring national grid collapses and achieve stable power supply.
Nigerians to Pay for 'Free' Meters via Tariffs, BPE Explains
The Bureau of Public Enterprises clarifies that while prepaid meters are installed at no upfront cost, consumers ultimately pay through electricity tariffs, amid disputes with DisCos over funding.
Dangote Refinery Reopens Gantry After Price Shock
Dangote Refinery has resumed petrol loading operations following a brief suspension due to a price increase, forcing marketers to reconcile accounts as ex-depot rates rise by ₦100 per litre.
Experts Chart Path to Clean Energy Cooking in Nigeria
Industry leaders and policymakers gathered in Lagos to discuss strategies for accelerating Nigeria's transition to clean cooking solutions, with BURN Manufacturing leading the charge through carbon finance and local production.
NNPC Increases Petrol Prices Across Nigeria After Dangote Hike
The Nigerian National Petroleum Company Limited has adjusted petrol pump prices at its retail outlets nationwide, with Lagos now at N840 per litre and Abuja at N875 per litre.
Dangote Refinery Raises Petrol Price by N100 Per Litre
Dangote Petroleum Refinery has increased Premium Motor Spirit ex-depot price to N799 per litre, requiring marketers to pay extra N100 on processed orders and causing retail price spikes in Abuja.
N7bn Allocated for Aso Villa Solar Power in 2026 Budget
The Nigerian government has budgeted N7 billion for solar power installation at the Presidential Villa to address electricity challenges and reduce N47 billion annual bills.
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itel Energy Launches Power Solutions for Nigeria
itel Energy has launched two new power solutions: the Power Go portable power bank and a 50kW inverter system for commercial use, aiming to address Nigeria's energy challenges.
Nigeria Clears N501bn Power Debt, Boosts Investor Confidence
The Federal Government has raised N501 billion through bonds to settle historic electricity sector debts, aiming to restore investor confidence and improve power supply for over 12 million customers.
NNPC Increases Petrol Prices in Lagos, Abuja After Dangote Move
The Nigerian National Petroleum Company Limited has increased petrol prices in Lagos and Abuja, with prices now at N835 and N839 per litre respectively. This follows Dangote Refinery's recent price adjustment amid rising global crude oil costs.
Grid Collapses 3 Times in a Month: DisCos Blame Low Generation
Nigeria's national electricity grid collapsed three times in January 2026, with distribution companies citing insufficient power generation as the primary cause.
Grid Disturbance Traced to Gombe Substation by NISO
NISO identifies voltage fault at Gombe transmission substation as cause of Tuesday's national grid disturbance, clarifying it was a partial collapse, not total, with restoration completed within hours.
Imported Petrol Cheaper Than Dangote Refinery Price
The landing cost of imported petrol has dropped below Dangote Refinery's gantry price, sparking debates on market competition and pricing dynamics in Nigeria's energy sector.
Solar Beeping Sound Sparks Battery Debate in Nigeria
A Nigerian woman's viral video about a beeping sound from her solar setup with four tubular batteries has ignited discussions about battery types and energy management during frequent national grid failures.
National Grid Collapses Again, Second Time in Four Days
Nigeria's national electricity grid collapsed for the second time in four days on January 27, causing widespread blackouts nationwide. Only Delta Gas Power Plant was operational, generating just 39MW.
Dangote Refinery Halts Petrol Sales, Increases Prices Nationwide
Dangote Refinery has suspended Premium Motor Spirit sales and increased petrol prices to N799 per litre, citing maintenance and demand pressures. The move disrupts Nigeria's downstream fuel market.
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