Energy Security
Manufacturers Advocate Full Privatization of Nigeria’s Refineries to Boost Efficiency
The Manufacturers Association of Nigeria (MAN) has urged the federal government to privatize all state-owned refineries to enhance operational efficiency and energy security....
Oil Prices Surge and Dollar Strengthens Following U.S. Strikes on Iranian Nuclear Sites
Oil prices rose sharply on Monday, with the dollar gaining strength after the United States launched attacks on Iran’s nuclear facilities over the...
NNPC Confirms Port Harcourt Refinery Shutdown for Safety Maintenance
The Nigerian National Petroleum Company Limited (NNPC Ltd) has confirmed that the Port Harcourt Refining Company will be shut down for a scheduled...
Dangote Refinery Credits Naira-for-Crude Deal for Lower Petrol Prices Amid Global Market Fluctuations
The Dangote Petroleum Refinery has attributed its ability to reduce petrol prices to the innovative naira-for-crude deal, a move that has translated into...
Nigeria to Establish National Strategic Petroleum Reserve Amid Fuel Security Push
In a move aimed at fortifying its energy security and shielding its economy from the volatility of international markets, Nigeria has announced plans...
Nigeria to Enforce ‘Drill or Drop’ Rule on Idle Oil Assets
The Nigerian federal government has issued a clear directive to International Oil Companies (IOCs): develop your assets or risk losing them. Minister of...