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Energy
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S&P Reports Dangote Refinery Insulates Nigeria from Global Fuel Price Spikes
According to S&P Global, the Dangote Refinery is stabilizing Nigeria's fuel market by keeping domestic prices steady while international costs, shipping rates, and supply challenges rise.
International Crude Oil Markets Experience Downturn
Global oil benchmarks fell nearly one percent on Wednesday amid Middle East tensions, while Nigerian domestic fuel prices remained stable despite recent shifts in refining and distribution.
Why human capital is essential to the future of energy in Africa
Africa's energy progress depends on more than just capital; developing a skilled local workforce is essential to long-term industry resilience and leadership.
Nigeria Suffers 3,100 GWh Power Loss Due to Gas Flaring
Nigeria lost 3,100 GWh of potential power generation in May 2026 as inconsistent data between regulatory agencies highlights the ongoing failure to curb gas flaring despite government initiatives.
Nigeria records highest oil production in over six years
Nigeria has reached a 74-month production high of 1.56 million barrels per day, exceeding its OPEC target through improved security and stable operations.
Nigeria Achieves 104% of OPEC Oil Target as Output Reaches 74-Month Peak
Nigeria has reached 104 percent of its OPEC production quota, with crude output hitting a 74-month high of 1.56 million barrels per day in June 2026.
Nigeria Surpasses OPEC Oil Output Target with Six-Year Production Peak
Nigeria has outperformed its OPEC oil production quota for the first time in 74 months, hitting an average of 1.56 million barrels per day in June 2026.
Nigeria records 2.3 percent growth in daily oil output reaching 1.74mbpd
Nigeria has reached a production milestone by exceeding its OPEC quota for two months running, with daily crude and condensate output climbing to 1.74 million barrels in June.
Abuja Power Outage Linked to Illegal Intrusion at Maitama Substation
Unauthorized land occupation at the C2 Maitama Substation by individuals led by an FCDA official has resulted in significant damage and power outages for Abuja residents and businesses.
Depot operators align petrol prices with Dangote Refinery rates
Petroleum depot owners have lowered their ex-depot petrol prices to N1,075 per litre to match the rates recently established by the Dangote Refinery.