Browsing Tag
Energy Sector
10 posts
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.
Dangote Refinery Lowers Petrol Ex-Depot Price by N175
Dangote Refinery has dropped its ex-depot petrol price by N175 per litre, marking the fourth reduction in three weeks as global crude prices tick upward.
Boosting Nigeria’s Oil Output: Urgent Improvements Needed
Nigeria's recent oil production recovery is a necessary step rather than a total success, as significant structural challenges and industrial-scale theft continue to hinder the sector's potential.
Dangote Refinery implements fourth fuel price cut in one month
The Dangote Refinery has cut petrol prices for the fourth time in a month, marking a cumulative reduction of N200 per litre as it seeks to stabilize local energy costs.
Dangote Refinery Reduces Petrol Price to ₦1,075, Allows Open Access to Marketers
Dangote Refinery has dropped its petrol price to ₦1,075 per litre and removed restrictions on who can purchase its product, aiming to boost market competition and supply availability.
AEDC Personnel Attacked During Electricity Theft Raid at Abuja Police Estate
AEDC employees sustained injuries and had equipment seized during a violent confrontation with residents while conducting an electricity theft enforcement operation at the Dawaki Police Quarters in Abuja.
President Tinubu Celebrates Adewale Tinubu on his 59th Birthday
President Bola Tinubu marked the 59th birthday of Oando PLC Group Chief Executive Adewale Tinubu, honoring his extensive contributions to Nigeria's energy sector and his commitment to local economic development.
Dangote Refinery Rejects Allegations of Fuel Export and Re-import Schemes
Dangote Refinery has formally denied claims that it exports petroleum products to Lomé for re-importation, citing logistical costs and strict contractual prohibitions.
NMDPRA Issues New Petroleum Import Licenses to Seven Firms
To combat declining fuel reserves, the NMDPRA has authorized seven oil marketers to import petrol and diesel for the third quarter of 2026.