Tag: Energy Policy

Imported petrol 12% cheaper than Dangote? Refiners say quality gap changes the story

Business Damilola Bayonle -
Imported Petrol 12% Cheaper? Refiners Fire Back at World Bank Over Dangote Pricing in Nigeria Fuel Clash Nigeria’s fuel pricing...

Fuel import price war: World Bank defends imports as Dangote petrol falls behind imports by 12%

Business Damilola Bayonle -
Nigeria’s fuel pricing crisis has escalated sharply after new market comparisons showed imported petrol is about 12% cheaper than...

Electricity Tariff Hike Looms as Rising Gas Prices Push Nigeria’s Power Sector to the Brink

Business Damilola Bayonle -
Nigeria’s power sector is once again on the brink of a major pricing shift, as operators intensify calls for...

PENGASSAN engages presidential committee over Tinubu’s oil revenue executive order

Business Damilola Bayonle -
Tinubu’s oil revenue executive order: PENGASSAN meets presidential committee Wednesday The Petroleum and Natural Gas Senior Staff Association of Nigeria...

Power sector tension deepens as NLC GENCOs clash over N6tn debt and proposed N3tn bailout

Business Damilola Bayonle -
NLC GENCOs clash over N6tn debt, N3tn bailout plan The NLC GENCOs clash over N6tn debt, N3tn bailout plan has...

Nigeria imports 1.37m meters from China as $500m World Bank loan power reform gains pace

Business Damilola Bayonle -
Nigeria buys 1.37m Chinese meters under $500m World Bank loan to bridge widening metering gap Nigeria has procured about 1.37...

NNPC unveils new gas master plan, targets 12bcf/d output, and $60bn investments by 2030

Business Damilola Bayonle -
Nigeria has taken another decisive step towards repositioning its energy sector as the Nigerian National Petroleum Company Limited (NNPC...

Tinubu names new boards for oil regulators — Bold shake-up to strengthen petroleum sector

Business Damilola Bayonle -
Tinubu names new boards for oil regulators President Bola Ahmed Tinubu has forwarded a fresh list of nominees to the...

Oil block entry costs cut: FG opens 2025 licensing round with lower signature bonuses

Business Damilola Bayonle -
Oil Block Entry Costs Slashed to Attract Fresh Investment The Federal Government has introduced a major policy adjustment aimed at...

Femi Otedola backs Tinubu’s 15% import duty on petrol to protect local refineries

Business Damilola Bayonle -
⁶Billionaire businessman and energy investor, Femi Otedola, has commended President Bola Ahmed Tinubu for introducing a 15% import duty...

OPEC+ production adjustment targets market stability amid steady economic outlook

Business Damilola Bayonle -
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, has agreed to a modest production...

Tinubu’s 15% import duty on petrol and diesel: Impact on average Nigerians and economy

Business Damilola Bayonle -
President Bola Tinubu’s approval of a 15% import duty on petrol and diesel has set the stage for another...