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 […]
Persistent power outages, rising heat force business closures in Kano
Persistent electricity outages in Kano State are making life difficult for residents and small businesses as rising heat worsens the situation. Many areas now experience long hours or days without power, affecting daily activities and income. Communities like Naibawa, Fagge, Hotoro, and others are among those hit hard by the outages. Residents say electricity supply […]
Kebbi: Customs auctions 66,500 litres of seized petrol
The Nigeria Customs Service has auctioned 66,500 litres of seized petrol in Kebbi State as part of efforts to curb smuggling. Officials said the fuel was confiscated during operations targeting illegal transportation and cross-border smuggling activities. The auction was carried out in line with government regulations to dispose of perishable items quickly and transparently. Authorities […]
Fuel landing cost drops, now cheaper than Dangote Refinery’s petrol price
The landing cost of imported petrol in Nigeria has dropped to ₦839.97 per litre as of October 21, 2025, making it cheaper than petrol produced by the Dangote Refinery, which sells for ₦877 per litre. This information was disclosed in the latest energy price bulletin released by the Major Energy Marketers Association of Nigeria (MEMAN). […]
Dangote Reduces Cooking Gas Price To ₦760/kg
In a move that promises relief to millions of Nigerian households, the Dangote Petroleum Refinery has once again reduced the price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas. The refinery announced a new ex-depot price of ₦760 per kilogram, down from ₦810 just last week. This marks the second major price reduction […]
President Tinubu Calls for Closer Cooperation with France in Food Security, Energy, and Education
During a visit to Paris on November 28, President Bola Tinubu met with French President Emmanuel Macron to discuss ways to strengthen cooperation between Nigeria and France. The meeting, held at the historic Palais des L’Élysée, focused on several important areas, including food security, energy, education, solid minerals, and defense. In a joint press conference […]
“Tony Elumelu Demands Government Reveal Those Behind Crude Oil Theft Using Vessels”
In a recent interview with the Financial Times, Nigerian business mogul Tony Elumelu called on the Nigerian government and security forces to disclose the identities of those involved in stealing crude oil from the country. Elumelu highlighted that oil theft, particularly by criminal gangs using vessels, has severely impacted Nigeria’s oil production and led to […]