Nigeria’s Dangote Petroleum Refinery has strengthened its position in the international energy market after overtaking the United States as Europe’s biggest supplier of imported […]
Category: Energy/Oil and Gas
Nigeria Loses 62,400GWh of Electricity as Gas Flaring Rises 18.6%
Nigeria lost an estimated 62,400 gigawatt-hours (GWh) of potential electricity generation between 2024 and 2025 as gas flaring rose by 18.6 per cent, despite […]
US-Iran War: Nigeria Records Africa’s Highest Petrol Price Surge Despite Rising Local Refining
Nigeria recorded the sharpest increase in petrol prices across Africa during the first half of 2026, as the Middle East conflict involving the United […]
REA Raises Alarm as Nigeria’s $2bn Renewable Energy Investment Creates Only 76,000 Jobs
Nigeria’s renewable energy sector has attracted more than $2 billion in investment but created only about 76,000 jobs, highlighting a significant local capacity gap, […]
Dangote Refinery Secures $2.5bn in Africa’s Largest Private Equity Placement
Dangote Petroleum Refinery and Petrochemicals (DPRP) has successfully completed a landmark US$2.5 billion private equity placement, marking what is believed to be Africa’s largest […]
FG Launches Power Force Training to Fast-Track Seven Million Smart Meter Installation
Nigeria’s drive to bridge its electricity metering gap has received a major boost as the Federal Government launched Power Force, a nationwide training programme […]
FG Returns 13 Oil Blocks to Licensing Basket as 143 Firms Submit 200 Bids in 2025 Licensing Round
The Federal Government has announced that 13 of the 50 oil and gas blocks offered under the 2025 Licensing Round will be returned to […]
Edo Grants 7MW Mini-Grid Licence to Indigenous Power Firm to Boost Electricity Supply
The Edo State Government has issued a 7-megawatt (MW) mini-grid electricity licence to indigenous energy company, IZENERGY Limited, as part of efforts to expand […]
Oil Prices Hit One-Month High as US-Iran Conflict Disrupts Supply Routes
Global oil prices climbed to a one-month high on Monday as escalating hostilities between the United States and Iran heightened concerns over crude supply […]
Tinubu Govt Steps Up Efforts to Bridge Nigeria’s Electricity Supply Gap – Minister
The Federal Government has reaffirmed its commitment to closing Nigeria’s electricity supply gap, with the Minister of Power, Joseph Tegbe, saying the Tinubu administration […]
