Browsing Tag
Energy Sector
37 posts
Dangote Refinery Adjusts Petrol Price and Reintroduces Naira Transactions
Dangote Refinery has officially resumed selling petrol in naira, setting a new ex-gantry price of N1,215 per litre following a recent period of dollar-denominated sales.
International Oil Costs Climb Nearly 4 Percent Following Middle East Escalations
Global oil prices jumped nearly 4 percent as Middle East tensions threaten key shipping routes, leading to significant fuel price increases in Nigeria.
Presidency: Electricity Sector Overhaul Rebuilding Investor Trust
Nigeria's Presidency states that ongoing power sector reforms, including the Series II bond issuance, are turning historical liabilities into bankable assets to attract private investment.
Nigeria Pulls 13 Oil Blocks After No Bids Received
Thirteen oil and gas blocks are returning to the national licensing pool after failing to receive bids during Nigeria's 2025 Licensing Round.
Cooking gas supply increases to 5.1 metric tonnes daily, reports NMDPRA
NMDPRA data shows LPG supply hit 5.1 metric tonnes daily in June, while retail prices for cooking gas have significantly dropped across Lagos following government-mandated distribution orders.
IPMAN raises alarm over surging import licences and potential fuel price hikes
IPMAN warns that an increase in petrol import licences is inflating fuel prices and straining the naira, urging the government to prioritize domestic refining to ensure stability.
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 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.