Tag: Nigeria energy sector

Tinubu Approves 2026 Oil Licensing Round, NLNG Expands LNG Fleet With Three New Vessels

Business Damilola Bayonle -
Nigeria is accelerating efforts to attract fresh investment into its energy sector after President Bola Tinubu approved plans for...

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...

NNPC Boosts Crude Supply to Dangote Refinery as Nigeria Targets Fuel Stability and Exports

Business Damilola Bayonle -
Nigeria’s drive to strengthen local refining capacity gained momentum in March, as NNPC crude supply to Dangote refinery increased...

Nigeria raises gas price for power plants, sparking fresh fears over electricity subsidy crisis

Business Damilola Bayonle -
Gas price increase for power generation deepens subsidy concerns in Nigeria Nigeria’s electricity market is facing renewed financial pressure following...

Dangote-NNPC deal in crisis as $5bn crude shortfall disrupts refinery operations

Business Damilola Bayonle -
Dangote-NNPC Deal Hits Turbulence Over Crude Shortfall Nigeria’s ambition to strengthen domestic refining capacity is facing a significant setback as...

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 export threat sparks rresh fuel scarcity fears as Nigeria faces supply uncertainty

Business Damilola Bayonle -
Dangote refinery export threat raises fresh concerns over Nigeria’s fuel security Nigeria’s downstream petroleum sector is facing renewed uncertainty following...

Why petrol price drops slowly in Nigeria — MEMAN reveals the real reasons

Business Damilola Bayonle -
Nigeria’s downstream petroleum market continues to generate debate as consumers grapple with persistent fuel price volatility. Industry operators have...

Nigeria’s crude output drops to 1.3mbpd, worsening domestic refinery supply crisis

Business Damilola Bayonle -
Nigeria’s energy sector is facing renewed pressure after fresh data revealed a decline in crude oil production, worsening domestic...

Nigeria refiners demand new crude pricing framework to stabilise petrol, diesel prices

Business Damilola Bayonle -
Nigeria’s refining industry has renewed calls for the adoption of a local crude pricing framework, warning that without a...

Dangote Refinery reduces petrol price to N1,075 per litre as diesel costs fall sharply

Business Damilola Bayonle -
Nigeria’s downstream petroleum market has received a fresh development after Dangote Petroleum Refinery announced a reduction in the ex-depot...

NNPC reports N385bn profit as Nigeria’s oil production climbs to 1.64mbpd

Business Damilola Bayonle -
NNPC Posts N385bn Profit as Oil Output Rises Nigeria’s national oil company, the Nigerian National Petroleum Company Limited, has reported...