Oando CEO Wale Tinubu says global energy security concerns and economic pressures are prioritising hydrocarbon supply over rapid energy transition, with demand rising in developing nations.
The Dangote Refinery is reshaping Nigeria's oil sector, reducing fuel import dependence and strengthening the economy, per the EIU.
The Federal Government, led by the AGF, defends against Dangote Refinery's suit to halt fuel import licences, with NNPC warning of energy security risks.
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.
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Several NNPC filling stations in Lagos reduce petrol prices to between N1,300 and N1,315 per litre, following depot rate cuts across Nigeria.
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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Global crude oil prices fell to $102 per barrel amid hopes of US-Iran peace talks, easing supply disruption fears and stabilizing markets.
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.
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.
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Seplat Energy plans $1 billion dividend payout over 4-5 years and targets 200,000 bpd production after acquiring Mobil assets.
Femi Otedola commits $100 million to Dangote Refinery IPO, selling Geregu Power stake, as investor demand surpasses $2 billion ahead of listing.
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 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 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.
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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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Petrol marketers reject Dangote Refinery's lawsuit to revoke fuel import licences, warning against monopoly and supply risks in Nigeria's downstream oil sector.
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 oil surged above $111 per barrel amid Middle East tensions, raising fears of higher petrol prices and transport costs in Nigeria.
Dr. Chris Umeh celebrates Pinaco's 50-year milestone at the 2026 Customer Conference in Vietnam, highlighting JP Batteries' expansion across West Africa.
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Petrol prices in northern Nigeria surge to N1,413 per litre in Maiduguri, driven by Middle East tensions and rising crude costs, NMDPRA reports.
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 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.
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.
Aliko Dangote reveals how powerful fuel subsidy beneficiaries tried to block his $20 billion refinery, which is now reducing Nigeria's fuel imports.
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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.
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 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 plans to lower the frequency of fuel price changes in Nigeria to stabilize the downstream market, reduce confusion for marketers, and boost confidence.
Depot owners slash petrol and diesel prices in Lagos, Warri, and Port Harcourt despite Brent crude trading above $100 per barrel, signaling increased competition.
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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.
