Tag: energy security

UK shields Nigeria from stricter Russian fuel sanctions as energy markets face supply risks

Business Damilola Bayonle -
UK Exempts Nigeria From Tougher Russian Fuel Sanctions Amid Energy Security Concerns The United Kingdom has exempted Nigeria from stricter...

Nigeria Fuel Imports Surge Despite Dangote Refinery Capacity Claims

Business Damilola Bayonle -
Fresh Petrol Imports Deepen Questions Over Nigeria’s Refining Independence Nigeria is receiving another large wave of imported fuel cargoes despite...

Customs auction N14.8m petrol in Lagos after dismantling fuel smuggling network

Business Damilola Bayonle -
Customs auction N14.8m petrol in Lagos as anti-smuggling crackdown intensifies The Nigeria Customs Service has escalated its enforcement drive against...

Middle East crisis pushes global buyers to Nigeria as oil, gas demand surges

Business Damilola Bayonle -
Nigeria oil gains from Middle East crisis reshape global energy dynamics Nigeria is emerging as one of the biggest beneficiaries...

NNPC unveils bold energy security strategy to attract global investors and stabilise Nigeria’s oil sector

Business Damilola Bayonle -
Nigeria’s oil sector is undergoing a strategic recalibration as the Nigerian National Petroleum Company Limited intensifies efforts to reposition...

Dangote refinery exports massive fuel cargoes across Africa as global supply crisis deepens

Business Damilola Bayonle -
Nigeria’s refining landscape is undergoing a significant transformation as the Dangote Petroleum Refinery deepens its footprint across Africa, exporting...

Africa turns to Dangote refinery as fuel crisis deepens amid global supply disruptions

Business Damilola Bayonle -
African economies are increasingly pivoting toward local refining capacity as global supply disruptions reshape fuel sourcing dynamics, with the...

Customs transfer seized N40.7m petrol to NMDPRA as crackdown on fuel smuggling deepens

Business Damilola Bayonle -
Customs hand over seized N40.7m petrol to NMDPRA as anti-smuggling drive intensifies The Customs hand over seized N40.7m petrol to...

Nigeria’s oil firms struggle to stay afloat as profits shrink to $7 per barrel

Business Damilola Bayonle -
Nigeria’s oil firms survive on $7 per barrel despite $70 crude prices Nigeria’s upstream oil producers are operating under intense...

Dangote refinery reaches 650,000bpd capacity, set to reshape Nigeria’s fuel market

Business Damilola Bayonle -
Dangote refinery hits full capacity — MD Nigeria’s largest privately owned refinery has reached a defining operational milestone, as the...

NUPRC and NNPC move to cut costs, improve efficiency in Nigeria’s oil and gas industry

Business Damilola Bayonle -
Nigeria’s upstream petroleum regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian National Petroleum Company Limited (NNPC...

NNPC eyes foreign partners to revive refineries as Dangote Refinery stabilizes fuel supply

Business Damilola Bayonle -
Nigeria’s state-owned refineries, long plagued by inefficiency and low output, may finally be on the path to revitalization. The...