Tag: energy sector Nigeria

Fuel Marketers Earnings Crash 60% as Deregulation, Local Refining Shake Nigeria’s Oil Market

Business Damilola Bayonle -
Fuel marketers earnings crash 60% as downstream sector faces intense pressure Nigeria’s downstream petroleum industry is undergoing a major structural...

Nigeria oil reserves dip as gas resources rise amid shift to cleaner energy strategy

Business Damilola Bayonle -
Nigeria’s oil reserves dip as gas expansion signals energy transition shift Nigeria’s hydrocarbon landscape is undergoing a subtle but significant...

Fuel crisis looms as five vessels dock Lagos, exposing Nigeria’s fragile fuel supply system

Business Damilola Bayonle -
Five fuel vessels arrival amid Nigeria fuel supply worries Nigeria’s fragile downstream petroleum supply chain received a temporary boost as...

Blackouts in Nigeria worsen as GenCos, DisCos trade blame over rejected power

Business Damilola Bayonle -
Nigeria’s persistent electricity crisis has taken a new turn as power generation companies (GenCos) and electricity distribution companies (DisCos)...

Nigeria cuts petrol import bill by $4bn as Dangote Refinery drives major shift in fuel supply

Business Damilola Bayonle -
Nigeria’s fuel import dynamics are undergoing a structural shift, with fresh data indicating a significant drop in petrol import...

Nigeria targets fresh oil output boost as NNPCL eyes 100,000bpd increase amid global supply pressure

Business Damilola Bayonle -
Nigeria is projecting a near-term boost in crude oil production as reforms within its energy sector begin to yield...

NNPC moves to stabilise fuel supply as Dangote Refinery faces crude supply shortfall amid global oil surge

Business Damilola Bayonle -
NNPC boosts crude supply to Dangote amid price surge Nigeria’s energy landscape is undergoing a critical stress test as global...

Nigeria’s modular refineries can supply 10% of diesel demand if crude access improves – CORAN

Business Damilola Bayonle -
Nigeria’s domestic refining landscape could receive a significant boost if modular refineries are adequately supplied with crude oil, according...

NNPCL moves to begin drilling in Ogun as Tinubu backs frontier oil expansion

Business Damilola Bayonle -
NNPCL set to commence drilling in Ogun oil block Nigeria’s state oil firm is advancing plans to begin commercial drilling...

Historic Shift: Nigerian firms overtake multinationals in oil output after 70 years

Business Damilola Bayonle -
Nigeria’s oil and gas industry is undergoing its most significant structural shift in seven decades, as indigenous oil companies...

Dangote alone can’t meet Nigeria’s fuel demands: Marketers raise bold warning on petrol supply risks

Business Damilola Bayonle -
Dangote alone can’t meet Nigeria’s fuel demands — marketers caution amid price cuts and supply pressures Nigeria’s downstream petroleum market...

Dangote Refinery fuel price controversy: NUPENG levies spark consumer outrage

Business Damilola Bayonle -
Africa’s richest man and President of the Dangote Group, Aliko Dangote, has accused the Nigerian Union of Petroleum and...