G7 releases 100m barrels as global fuel shock raises inflation risks
The Group of Seven (G7) has agreed to release 100 million barrels of crude oil...
Energy
Global fuel subsidy bill heads for $1.1trn as energy shock squeezes budgets
Governments around the world could spend as much as $1.1 trillion on fossil-fuel subsidies in...
NNPC’s N8.25trn forward-sale obligations raise pressure on future oil cash flow
The Nigerian National Petroleum Company Limited (NNPC) ended 2025 with N8.25 trillion in forward-sale obligations,...
Nigeria unlocks $800m Ima gas project after 53 years, targets LNG export boost
Nigeria has unlocked a long-dormant gas resource with a $800 million Final Investment Decision (FID)...
Dangote calls for African capital to stay home as industrial investment tops $50bn
Africa must retain more of its own capital and invest it in industries capable...
Energy inflation rebounds to 4.69% as fuel, power costs squeeze businesses
Nigeria’s energy inflation rose to 4.69 per cent in August 2026 from 4.40 per cent...
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...
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...
