Browsing Tag
Energy
22 posts
NNPC Reports 12.8 Percent Revenue Decline for May 2026 Amid Production Gains
The NNPC reported a revenue decline to N4.335 trillion in May despite an increase in crude oil and natural gas production levels.
Dangote Refinery and Congo’s National Oil Firm Discuss Energy Partnership
SNPC and Dangote Refinery are in talks to form a strategic partnership aimed at boosting regional energy security and refining capacity across Africa.
President Trump Demands Immediate Gasoline Price Reductions for American Consumers
President Donald Trump has pressured gasoline retailers to cut prices immediately, citing the decline in crude oil costs and threatening consequences for price gouging.
Nigerian Petrol Stations Prepare for Price Cuts Toward N1,000 per Litre
Fuel retailers in Nigeria are adjusting petrol prices downward, with expectations of reaching N1,000 per litre as global crude costs stabilize.
Fourteen Saudi Nationals Die in Aramco Helicopter Incident
A helicopter operated by state energy firm Aramco crashed in eastern Saudi Arabia on Sunday, killing all 14 Saudi nationals on board.
Nigeria Aims for Perfect EITI Validation Rating by 2026
Nigeria's NEITI leadership is working toward achieving a perfect 100 percent score in the 2026 EITI validation to boost investor confidence and ensure transparency.
National Grid Instability Causes Power Blackout in Lagos
A voltage fluctuation on the national grid led to widespread power outages in Lagos on Thursday morning, prompting emergency restoration efforts by TCN and the Ministry of Power.
Oil costs drop to pre-Iran conflict levels as shipping lanes reopen
Oil prices have returned to pre-conflict levels as commercial shipping lanes through the Strait of Hormuz begin to reopen following recent US-Iran negotiations.
Dangote Refinery Rejects Claims of Exporting and Re-importing Fuel
Dangote Refinery denies allegations that it exports fuel to neighboring countries only to re-import it, asserting that its primary focus remains the local Nigerian market.
Dangote Refinery Rejects Allegations of Re-importing Fuel into Nigeria
Dangote Refinery has officially dismissed reports claiming it engages in a fuel export and re-importation scheme, citing logistical costs and contractual prohibitions as evidence against such practices.