Fayose: Lack of Electricity Doubles Nigeria's Population
Ayo Fayose, REA chairman, says lack of electricity makes couples go to bed early, doubling population. He urges addressing power for nightlife.
Category : Oil Gas
Azikel Refinery Nears Petrol Production in Bayelsa
Azikel Refinery in Bayelsa nears completion, set to produce petrol and aviation fuel, complementing Dangote and boosting Nigeria's energy independence.
Refined Oil 47.5% of UK Imports from Nigeria, Beats Crude
Refined oil now accounts for 47.5% of UK imports from Nigeria, surpassing crude oil for the first time, according to latest trade data.
NLNG: Cooking Gas Prices Inflated from N800 to N2,400
NLNG reveals major LPG offtakers bought cooking gas at N800-N900/kg and sold for up to N2,400/kg during scarcity, blaming terminal hoarding.
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NNPC Cuts Petrol Price Again in Lagos, Abuja Within 5 Days
NNPC reduces petrol prices in Lagos and Abuja for the second time in five days, with Lagos at N1,255 and Abuja at N1,299 per litre, following Dangote's N50 cut.
Dangote Petrol N1,166/Litre Cheapest Depot Price
Dangote Refinery and Pinnacle sell petrol at N1,166 per litre, the lowest depot price, while prices range up to N1,182 per litre across depots.
Dangote Refinery Leads Europe Jet Fuel Second Month
Dangote Refinery remains Europe's top jet fuel supplier for a second consecutive month, boosting Nigeria's export revenue and global energy standing.
Dangote Refinery Top Jet Fuel Supplier to Europe Again
Dangote Refinery remains Europe's top jet fuel supplier for the second consecutive month, exporting 2.5 million barrels in July, according to analysts.
Iran War Boosts Oil Firms' H1 Revenue to N7.05tn
Three major Nigerian oil companies earned N7.05 trillion in H1 2026 as crude prices rallied amid the Iran war, according to Nairametrics.
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Oil firms remit $6.7bn, N1.5tn to NDDC in 4 years
Oil and gas companies remitted $6.755bn and N1.529tn to NDDC from 2021-2025, but still owe $290m and N163bn, Senate hearing told.
Dangote Diesel Undercut by Lagos Depots in 24 Hours
Lagos depot owners sell diesel below Dangote Refinery's new rate of ₦1,570 per litre, sparking price war. Petrol prices stay slightly higher.
NUPRC Approves $57bn Oil Plans Since 2024
NUPRC approves over $57 billion in Field Development Plans since 2024, with 22 offshore projects expected 2026-2030, boosting Nigeria's oil production and investment.
Petrol Landing Cost Surges Above Dangote Refinery Price
Import parity price of petrol hit N1,365.19/litre, N170.19 above Dangote's N1,195, boosting local refining competitiveness.
Dangote Cuts Petrol Price to N1,165, MRS and AP Adjust
Dangote Refinery reduced petrol to N1,165/litre and diesel to N1,605/litre, prompting MRS and AP to cut pump prices across Nigeria.
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Dangote Petrol Price Cut to N1,165 Sparks Depot Competition
Dangote Refinery slashes petrol ex-depot price to N1,165 per litre, triggering depot adjustments and potential retail relief nationwide.
Tax Swallows N1.13tn from Arradel, Seplat H1 Profits
Arradel and Seplat saw N1.13 trillion deducted in taxes from their half-year profits, impacting bottom lines significantly.
Dangote Refinery Cuts Petrol, Diesel Prices Nationwide
Dangote Refinery slashes petrol price to N1,165 and diesel to N1,570 per litre, reducing costs by N50 and N80 respectively.
Dangote Slashes Petrol, Diesel Prices Again, Marketers Adjust
Dangote Refinery cuts petrol by N50 and diesel by N80 per litre, effective August 6, 2026, potentially lowering pump prices.
Private Depots Match Dangote Petrol Price, Fuel Costs May Drop
Private depots match Dangote's N1,215/litre petrol price, prompting expectations of further pump price cuts across Nigeria as competition intensifies.
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Cooking Gas Prices Crash Nationwide After Massive LPG Imports
Cooking gas prices in Nigeria have fallen by nearly 40% to N1,400/kg, following massive LPG imports and government permit approvals, easing household costs.
Fuel Price Hikes Force Sharp Consumption Cuts in H1 2026
Rising fuel prices in H1 2026 forced Nigerians to cut petrol, diesel, and cooking gas consumption sharply, with petrol demand dropping to 46 million litres daily.
Petrol Prices May Drop as Crude Oil Falls Sharply
Crude oil prices fell over 4.8% to $83.70/barrel, sparking hopes of cheaper petrol in Nigeria, though marketers caution relief may be delayed.
Nigeria Petrol Consumption Drops 52M Litres in H1 2026
Nigeria's petrol consumption fell by 52 million litres in H1 2026, as high pump prices curb demand despite Dangote refinery's increased output.
Cooking Gas Prices Crash as NLNG Halts Exports to Boost Supply
Nigerian cooking gas retailers slash prices to N1,150/kg as NLNG dedicates 100% of LPG to local market, following global oil decline and improved supply.
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FG, Dangote Refinery Dollar Swap for Naira Fuel Sales
The Federal Government and Dangote Refinery agreed to a dollar swap deal to keep petrol sales in naira after forex shortages halted domestic fuel transactions.
Brent Crude Slips 16% as Trump Resumes Iran Talks
Brent crude fell 16% in eight trading days as Trump revived Iran peace talks, raising expectations of more supply. Nairametrics examines the slump.
NUPRC 2025 oil licensing round passes transparency test
Communication expert Tajudeen Suleiman says Nigeria's NUPRC 2025 oil licensing round passed transparency test, with 143 firms submitting 200 bids for 37 blocks.
NNPC New Petrol Prices: Lagos N1,265, Bauchi N1,385
NNPC releases new petrol prices nationwide: Lagos drops to N1,265 per litre, Abuja N1,335, Bayelsa cheapest at N1,235, Bauchi highest at N1,385.
Oando cuts H1 pre-tax loss by 77% as Q2 returns to profit
Oando Plc reported a 77% reduction in H1 pre-tax loss as Q2 returned to profit, signalling a significant recovery from the prior year's losses.
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OPEC Approves Fourth Consecutive Oil Output Hike of 188,000 bpd
OPEC+ has approved a 188,000 barrels per day output increase for September, marking the fourth consecutive monthly hike as the group unwinds production cuts.
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