Energy

Precarious Balance for Nigeria’s 2025 Budget As Brent Crude Falls to $69.22

Precarious Balance for Nigeria’s 2025 Budget As Brent Crude Falls to $69.22

As of March 11, 2025, Brent crude oil prices have declined to $69.22 per barrel, weighed down by escalating trade… Read More

6 days ago

The Real Reason Why Dangote is Cutting Petrol Price- Market Dominance ?

Dangote’s refinery has ignited a price war in Nigeria’s downstream oil industry, forcing oil marketers to compete aggressively for price-sensitive… Read More

6 days ago

NNPCL Issues Clarification on its Naira Crude Contract with Dangote Refinery

The Nigerian National Petroleum Company Limited (NNPCL) has clarified the state of its crude contract with the Dangote Refinery following… Read More

1 week ago

NNPC Suspends Naira-for-Crude Deal: Implications for Local Refineries and the Naira’s stability

The Nigerian National Petroleum Company (NNPC) Limited has terminated its naira-for-crude oil swap arrangement with domestic refineries, a decision that… Read More

1 week ago

Eko Disco Attributes Lagos Power Shortage to Transmission Faults

Eko Electricity Distribution Company (EKEDC), commonly known as Eko Disco, has explained that the ongoing load shedding across Lagos is… Read More

1 week ago

Transcorp Posts ₦94.1bn Profit in 2024 as Power, Hospitality Drive Growth

Transnational Corporation Plc (Transcorp), Nigeria’s leading conglomerate with interests in power, hospitality, and energy, delivered a stellar financial performance in… Read More

1 week ago

National Grid Collapses Again as IKEDC Cites ‘System Outage’ for Blackout

Today, Nigeria has yet again faced another wave of darkness as several regions report power outage, with speculation mounting that… Read More

1 week ago

Seplat strengthens stakeholder engagement as part of governance overhaul

Seplat Energy, the dual-listed Nigerian oil and gas producer, has introduced structured engagement channels to ensure that shareholders, regulators, employees,… Read More

2 weeks ago

Explainer: Understanding Unitisation in Ghana’s Oil and Gas Sector – Lessons from the ENI-Springfield Case

On 26th February 2025, Ghana’s Ministry of Energy formally withdrew the Unitisation Directives that previously ordered the compulsory integration (unitisation)… Read More

2 weeks ago

New NERC Directive: Offenders to Pay ₦5 Million for Illegal Meter Bypass

The Nigerian Electricity Regulatory Commission (NERC) has intensified efforts to combat meter tampering and energy theft, citing their significant impact… Read More

3 weeks ago