Petrol stays above N1,300 as cross-border price gap fuels smuggling-Dangote
The wide price gap between Nigeria and neighbouring countries is sustaining petrol smuggling and contributing...
Energy
FG secures Chinese commitment for power equipment industrial park
The Federal Government has secured a commitment from Chinese power equipment manufacturer, TBEA, to establish...
Petrol tops N1,400 as $100 oil deepens cost-of-living squeeze
The price of Premium Motor Spirit (PMS) has climbed above N1,400 per litre in...
Nigeria’s Energy Paradox: Who Pays When Power Fails?
For decades, Nigeria has been described as a country blessed with abundant energy resources but...
Tegbe secures Chinese commitment to Nigeria’s power sector
Minister of Power, Joseph Tegbe, has secured fresh commitments from leading Chinese power engineering...
NUPRC moves to revoke idle flare gas permits
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned companies awarded flare gas sites...
Petrol imports jump 989% to N952bn as domestic supply falters
Nigeria’s petrol import bill surged almost 11-fold to N952.15 billion in the second quarter of 2026, exposing...
NNPC profit slumps N256bn to N279bn as July oil output, sales fall
The Nigerian National Petroleum Company Limited (NNPC Ltd) suffered a sharp reversal in earnings in...
Africa’s 600m without power makes continent key to global energy security-Tegbe
Africa is emerging as a decisive battleground in global energy security, with about 600 million people...
IEA sees oil demand surge 2.4mbpd in 2027 as global supply crisis bites
Global oil demand is projected to rebound by 2.4 million barrels per day (mb/d) in...
