Nigeria misses OPEC quota, produces 1.38m bpd in March
In its March 2026 Monthly Oil Market Report (MOMR), OPEC stated that the figures were based on data obtained through direct communication with Nigerian authorities.
Dangote: NNPC yet to lift petrol, contract negotiations ongoing
Dangote Refinery has clarified that NNPC Limited is yet to commence the lifting of petrol at the facility as both parties are still negotiating terms.
Fuel shortage: Long queues persist in Lagos, environs as marketers shut stations
THERE were long queues in Lagos and environs, yesterday, as many independent oil marketers without petrol shut their filling stations against motorists and other customers.
NERC grants Oyo powers to set up state electricity market
The Nigerian Electricity Regulatory Commission, NERC, has granted Oyo State the right to set up and regulate electricity supply and distribution within the State.
Rating: GCR affirms Dangote Industries Limited AA+(NG)/ A1+(NG)
….strong earnings prospects from the new refinery GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of AA+(NG) and A1+(NG) respectively accorded to Dangote Industries Limited (DIL). GCR in its recent report also affirmed the national scale long-term issue rating of AA+(NG) accorded to each of Dangote Industries Funding Plc’s Series […]
Transcorp Power grows half year revenue by 142% to N135.4bn
Transcorp Power Plc, one of the power subsidiaries of Transcorp Group, has declared a 142 percent rise in its half year revenue from N55.9 billion recorded in H1 2023 to N135.4 in H1 2024.
NUPRC targets 49 commercially viable gas flare sites for auction
As part of efforts to end gas flaring and generate revenue for the government, the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Wednesday, disclosed that it has assessed and identified 49 commercially viable gas flare sites for auction.
Expect growth, challenges in Nigeria’s oil, gas, power, other sectors —Report
Society of Energy Editors, SEE, has predicted growth in the oil, gas, power and other sectors of Nigeria’s economy in the third quarter (July – September) of 2024
Nigeria’s Condensate output drops 6% to 224,040 bpd
Nigeria’s Condensate dropped, year-on-year, YoY, by six per cent to 224,040 barrels per day, bpd, in June 2024, from 238,488 bpd in the corresponding period of 2023.
Senate Probes importation of hazardous petroleum products in the country
“However, if the situation is allowed to continue, local production will have no option than to stop the commissioning of gasoline units and shutdown refineries until regulatory environment improves.”
Nestoil boss urges operators to award jobs to local firms with capacity
Chairman of Nestoil Limited, Dr. Ernest Azudialu-Obiejesi, has called for a shift in the implementation of the Nigerian content policy and advocated for awarding contracts to companies with proven capacity, rather than solely considering the lowest bids.
