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...

Ethiopia and Djibouti have described Dangote Group’s $660 million Damarjog-Dewele Oil Terminal and Pipeline Project as a strategic investment expected...

NMDPRA said Nigeria’s domestic refining activity increased in August 2026, with crude oil receipts by domestic refineries rising 17 per...

The President described the investment as a major step towards unlocking Nigeria’s long-dormant gas resources for industrialisation, job creation and...

The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has approved petrol import permits covering about 830,000 metric tonnes for...

Nigeria’s Minister of Power, Joseph Tegbe, says the Federal Government is shifting its focus from immediate stabilisation of the electricity...

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is aware of the financial pressure caused by the...

The President said Nigeria’s exposure to global energy price shocks makes the transition to alternative fuels necessary.

The development comes as Nigerians face another increase in petrol prices, with pump prices rising above N1,400 per litre in...

CITES said the next phase would involve onboarding the newly designated sites into the MIKE system.