Lagos receives five fuel vessels as supply concerns mount
Lagos has received five vessels carrying petrol and diesel, bringing relief amid growing fuel supply concerns. The ships delivered about 95,000 metric tonnes of Premium Motor Spirit and Automotive Gas Oil within two days. According to the Nigerian Ports Authority, the vessels arrived between March 27 and March 29, 2026. Some of the deliveries were […]
US Cuts Nigerian Crude Imports By Nearly 50%
The United States has significantly reduced its crude oil imports from Nigeria, with a sharp drop of about 47% in January 2026. According to official trade data, imports fell from over 3 million barrels in December 2025 to about 1.66 million barrels in January 2026. This decline also affected Nigeria’s earnings, as the value of […]
We’re On It’ – Power Minister Begs Nigerians Over Blackout
Nigeria’s Minister of Power, Adebayo Adelabu, has apologised to citizens over the recent widespread blackout. Speaking in Abuja, he admitted that the outages have caused hardship for homes, businesses, and schools, especially during the hot season. He explained that the crisis was largely due to gas supply issues and ongoing repairs on key pipelines. Adelabu, […]
Domestic Refining: Petrol Price Lower In Nigeria Than US, UK, Ghana, Others
Nigeria continues to rank among countries with relatively low petrol prices, even as global energy costs rise. Recent data shows that fuel remains more affordable locally compared to several major economies and African neighbours. According to global pricing reports, petrol in Nigeria averages about $0.88 per litre. This is far below the global average, showing […]
Transmission Company of Nigeria warns of brief outages and schedules maintenance at Niger Substation
The Transmission Company of Nigeria has announced a planned maintenance exercise at the Niger Substation, warning residents and businesses to expect short power interruptions. The company said the work is necessary to improve network efficiency and prevent unexpected system faults. According to officials, the temporary outage will affect some communities connected to the substation while […]
Nigerian govt reduces oil block entry costs as 2025 licensing round begins
The Nigerian government has reduced the cost of entering oil block bids as it officially begins the 2025 oil licensing round. The move is aimed at attracting more investors and reviving interest in the country’s oil and gas sector. Officials say the new pricing structure will make it easier for both local and foreign companies […]
NNPCL reaffirms plan to hit 2 million barrels daily by 2027
The Nigerian National Petroleum Company Limited (NNPCL) has repeated its commitment to raising the country’s crude oil production to two million barrels per day by 2027. The company explained that several strategic reforms, investments in technology, and partnerships with private firms are already being put in place to achieve this goal. According to NNPCL, boosting […]
Investors’ confidence back in Nigeria’s oil sector – Lokpobiri on NUPRC regulatory feat
Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has stated that investor confidence has returned to the country’s oil and gas industry. This development, he noted, is largely due to the impressive regulatory achievements of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) over the past four years. Lokpobiri made the remark during […]
Nigeria’s First Crude Facility In 50 Years Ready For Commissioning
Nigeria is set to commission its first crude oil facility in 50 years, marking a huge step forward in the nation’s energy sector. The long-awaited project is expected to boost local refining capacity, reduce dependence on fuel imports, and strengthen Nigeria’s oil and gas industry. The facility is seen as a major milestone that could […]
Dangote Refinery eyes fresh crude imports, targets 650,000bpd in June
The Dangote Petroleum Refinery is preparing to bring in crude oil from international sources to support its growing production needs. This step comes as local supplies from the Nigerian National Petroleum Company Limited (NNPCL) fall short of meeting demand. An insider disclosed that the refinery is now producing 500,000 barrels per day (bpd) and plans […]