Dangote Petroleum Refinery has further reduced its ex-depot price for Premium Motor Spirit (PMS), also known as petrol, from ₦1,250 to ₦1,175 per litre. The latest reduction, which reflects a ₦75 per litre cut, takes effect from June 16, 2026. This comes on the heels of the recent decline in crude oil prices …
In a major bid to shield the continent from global supply shocks and climate pressures, the Africa Finance Corporation and Dangote Group have reached a deal for a massive US$7 billion expansion of fertilizer manufacturing capacity in Africa. According to a statement by the Dangote Group, the mega-project will dramatically scale up production at …
Nigeria's natural gas production rose to 7.93 billion cubic feet per day (bcf/d) in May 2026, marking a modest 0.63% year-on-year increase from the 7.88bcf/d recorded in May 2025. In The figures reveal a significant shift in gas utilisation patterns, with domestic market sales rising to 2.18bcf/d while export sales dropped sharply from 4.13bcf/d to …
There are concerns that the growing cost of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, is threatening efforts to promote clean energy adoption in Nigeria as households increasingly turn to cheaper but less environmentally friendly alternatives for their daily cooking needs. The price of cooking gas has more than doubled in the last …
More than two decades after Nigeria returned to democratic rule in 1999, electricity challenge has seemingly remained resistant to reforms. Despite billions of dollars invested, numerous policy changes, and repeated promises by successive administrations, millions of Nigerians still live with an unreliable power supply, forcing households and businesses to depend on generators for daily survival. …
Nigeria continued its upward trajectory in crude oil production in May 2026, exceeding the quota assigned by the Organisation of Petroleum Exporting Countries (OPEC) for the first time in 11 months. According to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the country’s crude oil production averaged 1,530,354 (1.53 million) barrels per day. …
Nigerians still trapped in South Africa in the ongoing xenophobic attacks have been advised to remain law-abiding, vigilant, and to report any threats against them to the Nigerian Mission. Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, gave the advice in his address while welcoming the first batch of 258 Nigerians that arrived from …
Despite repeated sanctions imposed on electricity distribution companies (DisCos) by regulators, overbilling and lack of metering continue to dominate customer complaints across Nigeria's power sector, raising concerns about the effectiveness of enforcement measures and the pace of reforms. For millions of electricity consumers, estimated billing remains a persistent source of frustration. Households and businesses continue …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that submission of technical and commercial bids for the 2025 oil licensing round will close on Friday, June 12, 2026. The Commission made this known in a statement released on Tuesday, June 9, via its official X handle, stressing that the move is in line with …
The International Air Transport Association (IATA) has projected that global airline profits are expected to reduce by half in 2026 due to disruptions caused by the Middle East conflict, which has led to a dramatic surge in jet fuel prices. In its latest outlook released on Sunday at the Annual General Meeting in Rio de …
