Tag: energy crisis

Nigeria Electricity Revenue 2026 Surges Even as Power Supply Worsens

Business Damilola Bayonle -
Nigeria’s Power Sector Faces Growing Revenue-Supply Imbalance Nigeria’s electricity distribution companies are collecting more money from consumers even as the...

OPEC+ plans May output increase but global supply disruptions threaten impact

Business Damilola Bayonle -
Global oil markets are entering a period of heightened volatility as producers attempt to stabilise supply amid deepening geopolitical...

How Naira-for-Crude Deal Is Shielding Nigeria From Global Fuel Shortages

Business Damilola Bayonle -
Naira-for-crude deal fuels supply stability amid global crisis Amid escalating geopolitical tensions disrupting global energy markets, the Federal Government has...

Oil prices demand destruction: Why global markets are yet to crack amid energy crisis

Business Damilola Bayonle -
Oil Prices Demand Destruction: Global Markets Brace as Energy Shock Deepens Global oil markets are navigating one of their most...

Middle East crisis may reverse Nigeria’s inflation gain as prices head toward 16%

Business Damilola Bayonle -
Amid mounting global uncertainties, Nigeria’s inflation outlook is once again under scrutiny, with analysts warning that external shocks could...

NISO power allocation keeps lights on despite 292MW grid drop from gas crisis

Business Damilola Bayonle -
Nigeria’s power sector came under renewed scrutiny this week following a temporary drop in generation capacity, but the system...

Middle East crisis may reverse Nigeria’s inflation gain as prices head toward 16%

News Damilola Bayonle -
Amid mounting global uncertainties, Nigeria’s inflation outlook is once again under scrutiny, with analysts warning that external shocks could...

Crude oil hits $112 as Nigeria battles fresh petrol price surge and rising costs

Business Damilola Bayonle -
Crude oil prices surge above $112 as global tensions drive petrol spike in Nigeria Nigeria’s energy market is facing renewed...

Nigeria Petrol price jump 39.5% — second highest globally as energy crisis deepens

Business Damilola Bayonle -
Nigeria petrol price surge: Global shock drives 39.5% spike, second highest worldwide Nigeria’s downstream petroleum market is facing renewed pressure...

Fuel Shock: Dangote petrol price hike again as costs hit N1,275/Litre

Business Damilola Bayonle -
Nigeria’s downstream oil sector faced fresh turbulence on Saturday as a new Dangote petrol price hike pushed the ex-depot...

Blackout hits Osun communities as rain, faulty feeders expose Nigeria’s fragile power network

Business Damilola Bayonle -
Rain, feeder faults plunge Osun communities into darkness Several communities across Osun State have been thrown into prolonged outages following...

Global oil shock: OPEC abandons production freeze plan as supply crisis deepens

Business Damilola Bayonle -
OPEC Production Freeze Plan Unrealistic as Supply Disruptions Deepen Global Oil Crisis The OPEC production freeze plan for the first...