Oil

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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SERAP Demands Full Transparency On NNPCL Report The Socio-Economic Rights and Accountability Project has pressed the Senate to make public all aspects of its investigation into about ₦200 trillion allegedly missing from the Nigerian…
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Dangote New Price Raises Worries The Dangote Refinery has raised the price of petrol again, pushing the cost from ₦1,245 per litre to ₦1,275 per litre. The increase adds new pressure on consumers already dealing with rising living…
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NNPC Remits Profits Following Tinubu’s Full Revenue Directive The Nigerian National Petroleum Company (NNPC) has remitted ₦121.3 billion in Profit Sharing Contract (PSC) profits to the Federal Government for February 2026, in compliance…
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Tinubu Sets Up Petroleum Taskforce President Bola Tinubu has approved the creation of a presidential taskforce to drive a fresh phase of reforms in Nigeria’s petroleum sector. The move is aimed at improving value, strengthening…
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Global Oil Move Shocks Market The International Energy Agency has announced that its 32 member countries will release 400 million barrels of oil from strategic reserves in a coordinated effort to stabilise global energy markets after…
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NERC Gives Power Substations Deadline The Nigerian Electricity Regulatory Commission has ordered private transmission substations linked to the national grid to obtain an Independent Electricity Transmission Network Operator permit…
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Fuel Hike Sparks Transport Increase The recent rise in petrol prices has pushed transportation costs higher for Nigerians across the country. Commuters in many cities are now paying more to travel as transport operators adjust fares…
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