Oil

Senate Summons NNPCL Over N210trn Missing Funds Nigeria’s Senate has ordered the Nigerian National Petroleum Company Limited to appear before it by April 29, 2026, over N210 trillion yet to be accounted for. The directive came from…
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Imported Petrol Cheaper Due To Low Quality - Refinery The Crude Oil Refiners Association of Nigeria has challenged claims that imported petrol is cheaper than locally refined fuel, saying the difference comes from quality, not…
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Atiku Criticizes Tinubu Fuel Comparison Former Vice President Atiku Abubakar has criticised Bola Ahmed Tinubu over recent comparisons of fuel prices between Nigeria and other African countries. He argued that such comparisons ignore…
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Dangote Cuts Petrol Price Again Dangote Refinery has reduced the price of petrol back to ₦1,200 per litre after a recent increase. The adjustment comes shortly after a period of rising costs that had pushed the price higher across…
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Dangote Clears Air On Petrol Price Dangote Refinery and Petrochemicals has dismissed reports of a fresh hike in petrol price, stating that loading is still ongoing at the existing rate. The clarification follows claims that the…
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NNPC Increases Dangote Crude Supply The Nigerian National Petroleum Company Limited has increased crude oil allocation to the Dangote Refinery to seven cargoes for May. This marks a rise from the five cargoes previously supplied…
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EFCC Re-arraigns Oil Firm CEO Over Fraud The Economic and Financial Crimes Commission has re-arraigned Abubakar Ali Peters, chief executive of Nadabo Energy Limited, over an alleged N1.4 billion oil subsidy fraud in Lagos. The case…
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Atiku Clears Air On OPL Dispute In Abuja, the media office of former Vice President Atiku Abubakar has defended its position on the OPL 245 matter, saying it is based on public records and legal facts. The response followed comments…
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Power Drop Blamed On Gas Shortage Ikeja Electric has said the recent drop in electricity supply is due to reduced power generation caused by limited gas supply to thermal plants across the country. The update was shared in a public…
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NLC Demands Fix For Power Crisis The Nigeria Labour Congress (NLC) has called for an urgent overhaul of the country’s electricity sector following worsening blackouts affecting homes, businesses, and industries nationwide. The union…
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