Oil

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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Dangote Refinery Pauses Operations The Dangote Petroleum Refinery has suspended the loading of petrol at its facility until further notice, bringing operations at the loading gantry to a temporary halt. The development forced tanker…
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Tinubu Acts On Power Grid Bola Ahmed Tinubu has approved the creation of a special committee to address ongoing problems affecting Nigeria’s power grid. The move is aimed at improving electricity stability and reducing frequent…
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Power Crisis Deepens Nationwide Electricity generation in Nigeria has dropped sharply to 3,940 megawatts after several power plants shut down due to disruptions in gas supply. The fall in output occurred as gas shortages forced a…
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