Energy
Nigeria Boosts Oil Export Capacity with 365,000 bpd Otakikpo Terminal
The Federal Government has commissioned the $400 million Otakikpo Oil Export Terminal in Rivers State to address crude evacuation challenges and expand Nigeria’s...
Nigeria Boosts Oil Output to 1.8m Barrels Daily, Targets 2.5m — FG
Nigeria’s crude oil production has climbed to 1.8 million barrels per day, up from about 1 million, according to Minister of State for...
Dangote Refinery Resumes Petrol Sales, Adjusts Price to N840
Dangote Petroleum Refinery will resume gantry-based petrol sales on September 23, following a brief suspension that drew criticism from marketers and unions. The...
FG Launches Forensic Audit of NNPC Amid Leadership Shake-Up
Signaling a commitment to transparency and efficiency within Nigeria’s crucial oil sector, the Federal Government has initiated a forensic audit of the Nigerian...
Nigeria’s Power Crisis: Adelabu Blames Past Administrations, Promises New Era
The Federal Government, through the Minister of Power, Adebayo Adelabu, has placed the blame for Nigeria’s persistent power challenges squarely on past administrations,...
OPEC Trims Global Oil Demand Forecast Amid US Tariff Concerns
The Organisation of the Petroleum Exporting Countries (OPEC) has adjusted its 2025 oil demand growth forecast, citing the ripple effects of US trade...
Nigeria Faces Imminent Blackout as GenCos Demand N4 Trillion Debt Settlement
Nigeria’s power sector is teetering on the brink of collapse as power generation companies (GenCos) warn of an imminent shutdown, citing an overwhelming...
Nigeria’s Power Grid Faces Imminent Shutdown as GenCos Demand N4 Trillion Debt Settlement
The Association of Power Generation Companies (APGC) has issued a stark warning: Nigeria’s power grid is teetering on the brink of collapse. The...
Nigeria Slashes Natural Gas Prices for Power Firms Amid Debt Crisis
In a bidaimed at alleviating the crippling debt burden faced by power generation companies (GenCos), the Nigerian Midstream and Downstream Petroleum Regulatory Authority...