Petrol Price Chaos: Nigerians Face Fresh Burden
By Gideon Osaka
In May 2023 when the multibillion-dollar Dangote Refinery was officially commissioned, it was hailed as a national pride and a monumental achievement for Nigeria’s petroleum sector. The 650,000 barrels per day (bpd)!-->!-->!-->!-->!-->…
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Oil prices bounce back 3% as Iran war halts supply
Oil prices rose around 3% on Tuesday, clawing back some of the previous session’s losses on renewed supply fears, with the Strait of Hormuz largely shut and U.S. allies rejecting calls to deploy warships to escort tankers through the!-->!-->!-->…
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Renaissance Africa highest gas producer in Nigeria in December – NNPC
Renaissance Africa Energy remains Nigeria’s highest gas producer, churning out 62.341 billion SCF, BSCF, of gas in one month (December 2025), according to the Nigerian National Petrleum Company, NNPC..
The company is followed by!-->!-->!-->!-->!-->…
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NUPRC Shortlists Firms for Nigeria’s Oil Block Licensing Auction
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that it has shortlisted oil firms for Nigeria’s 2025 oil and gas licensing round after the completion of the pre-qualification process.
In a Tuesday!-->!-->!-->!-->!-->…
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Shell Restarts Bonga Field After Turnaround Maintenance
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has completed the turnaround maintenance on the Bonga Floating Production, Storage and Offloading (FPSO) vessel, leading to resumption of production at Nigeria’s premier!-->!-->!-->…
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CBN Moves to Shield Naira as War-Driven Volatility Hits Global Markets
The Central Bank of Nigeria (CBN) has signaled its readiness to intervene in the foreign exchange market to defend the naira if global market volatility triggered by escalating geopolitical tensions begins to pressure Nigeria’s!-->!-->!-->…
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NCDMB Trains Young Engineers On Pipeline Pigging, Corrosion Control
Not fewer than 33 young graduates of engineering, geology and related disciplines were on Friday in Port Harcourt, Rivers State, underwent opening formalities for a 12-month training programme in pipeline engineering, corrosion control!-->!-->!-->…
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Another season of blackouts
Adebayo Adelabu, Minister of Power
Millions of Nigerians are once again living in darkness due to needless power outages amid hike in prices despite the crooked and unworkable band system meant to further polarise the wallowing gulf!-->!-->!-->…
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Shell resumes production at Bonga as it completes turnaround maintenance on FPSO
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has completed the turnaround maintenance on the Bonga Floating Production, Storage and Offloading (FPSO) vessel, leading to resumption of production at Nigeria’s premier!-->!-->!-->…
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FG’s Subsidy Removal Raised Prices, Worsened Poverty To 63%, Report Reveals
…Reform Pains Persist Without Strong Social Protection
…Stakeholders Urge Govt To Expand Safety Nets For Vulnerable
A new study has revealed that the removal of petrol subsidy in Nigeria significantly worsened poverty levels,!-->!-->!-->!-->!-->!-->!-->…
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Oil climbs above $100 as Iran warns Strait of Hormuz will remain shut
Global oil markets rose into renewed turmoil Thursday after crude prices climbed above the $100 per barrel mark, driven by escalating geopolitical tensions in the Middle East and mounting fears of a prolonged disruption to global!-->!-->!-->…
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