Cooking Gas Price Hike Deepens Woes for Nigerian Households
Cooking gas prices rise again in Nigeria, with a 12.5kg cylinder now costing over N18,000. Experts warn of more increases, pushing families toward alternatives.
Category : Oil Gas
NNPC Cuts Petrol Prices as Depot Rates Fall
Several NNPC filling stations in Lagos reduce petrol prices to between N1,300 and N1,315 per litre, following depot rate cuts across Nigeria.
Chinese Firms May Control 51% Stake in Two Nigerian Refineries
NNPC Ltd is considering a partnership that could give Chinese investors a controlling 51% stake in the Port Harcourt and Warri refineries to revive operations and ensure long-term profitability.
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Oil Prices Drop as US Proposes Peace Deal to Iran
Global crude oil prices fell to $102 per barrel amid hopes of US-Iran peace talks, easing supply disruption fears and stabilizing markets.
Over 41% of Electricity Consumers Still Without Meters
NERC reports over 41% of Nigeria's 12.31 million electricity customers remain unmetered, facing estimated billing. Metering rate improved to 58.57% in February 2026.
Oriental News Summit to Focus on Oil Sector Decarbonisation
Nigeria's net-zero push by 2060 takes centre stage at the 2026 Oriental News Nigeria conference on decarbonisation in the extractive industry, featuring Sahara Group MD Kola Adesina as lead speaker.
Seplat Targets $1 Billion Dividend Payout, Eyes 200k bpd
Seplat Energy plans $1 billion dividend payout over 4-5 years and targets 200,000 bpd production after acquiring Mobil assets.
Otedola invests $100m in Dangote Refinery
Femi Otedola commits $100 million to Dangote Refinery IPO, selling Geregu Power stake, as investor demand surpasses $2 billion ahead of listing.
Nigeria's Stalled Oil Reserves and Illusion of Abundance
Nigeria's oil reserves have stalled, with only 59 years left, while gas may last 85 years. The country faces a critical need for diversification and investment.
Petrol Prices Stable at N1,275/L Amid Global Oil Surge
Petrol gantry prices remain at N1,275/L in Nigeria despite global crude oil surpassing $108 per barrel, while diesel and aviation fuel show mixed movements.
Dangote Jet Fuel Cut to N1,650, Retail Still Near N2,000
Dangote Refinery reduced aviation fuel ex-depot price to N1,650 per litre, but airlines still pay up to N2,000 due to logistics, FX, and old stock.
Cooking Gas Prices Near N1,500 per Kg, New Rates Released
Nigerian households face rising cooking gas costs as crude oil prices soar, with retail rates approaching N1,500 per kilogram amid global supply tensions.
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Marketers Oppose Dangote Refinery's Fuel Import License Lawsuit
Petrol marketers reject Dangote Refinery's lawsuit to revoke fuel import licences, warning against monopoly and supply risks in Nigeria's downstream oil sector.
Dangote Refinery vs FG: 5 Key Issues in Petrol Import Battle
A fresh legal battle between Dangote Refinery, the FG, and fuel marketers over petrol import licences reignites debate on Nigeria's downstream petroleum sector.
Brent Crude Hits $111, Fuel Prices May Rise in Nigeria
Brent crude oil surged above $111 per barrel amid Middle East tensions, raising fears of higher petrol prices and transport costs in Nigeria.
Umeh Honours Pinaco Golden Jubilee in Vietnam
Dr. Chris Umeh celebrates Pinaco's 50-year milestone at the 2026 Customer Conference in Vietnam, highlighting JP Batteries' expansion across West Africa.
Petrol Hits N1,413/Litre in Maiduguri, Highest in Nigeria
Petrol prices in northern Nigeria surge to N1,413 per litre in Maiduguri, driven by Middle East tensions and rising crude costs, NMDPRA reports.
Man Cries Out as Solar Inverter Battery Develops New Problem
A Nigerian man who bought a 2.5kVA solar inverter a year ago cries out as his tubular batteries develop a fresh issue, seeking solutions online.
Dangote Refinery Sues FG Over Petrol Import Permits
Dangote Refinery has taken the Federal Government to court over continued issuance of petrol import licences, challenging Nigeria's fuel import policy amid local refining capacity growth.
Cooking Gas Price May Hit N2,000 Per kg on Supply Crisis
Energy marketers warn cooking gas price could rise to N2,000/kg amid shrinking LPG stocks. NMDPRA says Nigeria has only 13 days of LPG sufficiency.
Dangote Exposes Oil Mafia Fighting His Refinery Project
Aliko Dangote reveals how powerful fuel subsidy beneficiaries tried to block his $20 billion refinery, which is now reducing Nigeria's fuel imports.
Petrol Depot Prices Rise as Global Crude Oil Costs Surge
Depot operators like AP and MRS hike petrol prices to N1,280-N1,290/litre due to global crude volatility, triggering pump price increases and straining Nigerian households.
Dangote Rejects NNPC's Bid to Increase Refinery Stake
Aliko Dangote reveals NNPC sought to raise its equity in the Dangote Refinery but was declined due to plans for public listing and wider investor participation.
TotalEnergies Reaffirms Inclusive Workplace Commitment
TotalEnergies EP Nigeria restates dedication to safety, competency development, and inclusive workplace, aiming to achieve business objectives and national goals in the oil and gas sector.
Dangote Refinery to Cut Fuel Price Revision Frequency
Dangote Refinery plans to lower the frequency of fuel price changes in Nigeria to stabilize the downstream market, reduce confusion for marketers, and boost confidence.
Petrol, Diesel Prices Crash at Depots Across Nigeria
Depot owners slash petrol and diesel prices in Lagos, Warri, and Port Harcourt despite Brent crude trading above $100 per barrel, signaling increased competition.
Nigeria's Petrol Spend Hits N2tr as Dangote Gets 39.2m Barrels
Nigeria's monthly petrol spending soared to N2.054 trillion in April as Dangote Refinery received 39.2m barrels of crude. Imports fell to 3.7m litres per day, highlighting a shift to local refining.
New Petrol Prices Hit Nigeria as Depot Rates Rise
Petrol prices rise across Nigeria as depot operators and filling stations adjust rates amid US-Iran tensions affecting global crude oil supply.
Dangote Plans $17 Billion Refinery in Kenya, Seeks Ruto's Support
Nigerian billionaire Aliko Dangote plans to build a $17 billion, 650,000 barrels-per-day refinery in Mombasa, Kenya, pending support from President William Ruto.
Nigeria Fuel Imports Rise as Marketers Receive 164,000MT
Marketers import 164,000MT of petrol and diesel as NMDPRA approves 720,000MT imports, challenging Dangote Refinery's local supply dominance and sparking debate.
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