Metered customers in Nigeria increased from 7,903,819 in July to 8,045,565 in August, the data showed, representing a 1.8 per...

Mr Mesagan said oil-producing countries face the challenge of balancing fossil fuels' economic benefits with the environmental consequences of their...

The Centre for the Promotion of Private Enterprise said the Nigerian Government’s fuel price relief initiative through the NNPC is...

Shell announced the deal in a statement on Tuesday, noting the transaction forms part of the strategy to simplify its...

The commission noted in a statement that Africa’s biggest oil producer logged a peak production of 1.84 million barrels during...

The latest decision to have NNPC Retail sell petrol at landing cost has also generated debate over whether the arrangement...

The Minister said the Federal Government is negotiating a ₦1,350 per litre ceiling on the ex-gantry or landing cost of...

The Federal Government has rejected calls for the return of petrol subsidy, warning that restoring petrol to its pre-reform price...

The commission also outlined plans to boost crude oil production by restoring more than 788,000 barrels per day of shut-in...

The accounts also show that other receivables from the Federation rose to ₦11.2 trillion from ₦8.84 trillion.

NNPC Limited’s group revenue fell sharply by N10.56 trillion in 2025, largely driven by a steep 77.6 per cent decline...

The Group said the release would include a “frontloaded substantial diesel release within the first 20 days by G7 members...

Mr Tinubu said the reduction in oil theft had contributed to improvements in the oil sector.

The President said his administration will prioritise reducing the cost of living by lowering agricultural production and transportation costs, expanding...

The Federal Government has begun construction of a new National Control Centre in Osogbo, Osun State, to replace the 64-year-old...

Nigerian billionaire Aliko Dangote and Kenyan President William Ruto are set to launch a $16 billion oil refinery in Lamu,...

Mr Jonathan said the refinery investments could support broader industrial development across Africa by strengthening local production capacity and creating...

Mr Ojulari said the selection followed a nine-month process during which NNPC considered more than 50 potential partners before narrowing...

NNPC Limited says its profit after tax rose by 39 per cent to N7.2 trillion in 2025, from N5.4 trillion...

Global oil prices rose for a second consecutive session on Tuesday as persistent concerns over supply disruptions in the Middle...

The Federal High Court in Abuja has ordered NMDPRA to continue issuing and renewing petroleum products import licences to three...

NERC said Nigeria’s grid-connected power plants recorded an average available capacity of 4,758 megawatts and generated an average of 4,102...

Nigeria’s electricity distribution companies (DisCos) billed customers N250.79 billion out of N333.94 billion worth of energy received in July 2026,...

The coalition questioned the absence of meaningful consultation with communities that could host the proposed facilities.

S&P Global Energy says Nigeria and the wider West African region have the potential to emerge as a major pricing...