Energy
Oil & Gas and Power Sector related news
NGX Oil and Gas Index: Worst performer in H1 2025, but component stocks look cheap
The oil and gas sector has been the worst performer so far in 2025, with the index down over 10%...
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States reject move to amend 2023 Electricity Act, that ‘reintroduces subsidies’
The Forum of Commissioners of Power and Energy in Nigeria (FOCPEN) has raised concerns over the proposed Electricity Act (Amendment)...
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Nigeria hits OPEC’s output quota of 1.5 million bpd in June 2025
The Organization of the Petroleum Exporting Countries (OPEC) has reported that Nigeria’s average daily crude oil production rose to 1.505...
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NNPC, Akwa Ibom, GACN sign $3.5 billion gas agreement
The Nigerian National Petroleum Company Limited (NNPCL) has said it has signed a $3.5 billion memorandum of understanding (MoU) with...
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EKEDC, IKEDC, AEDC top remittance chart as DisCos pay N1.18 trillion in 2024 – NERC
The Nigerian Electricity Regulatory Commission (NERC) has revealed that electricity distribution companies (DisCos) collectively remitted a total of N1.18 trillion...
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Africa needs gas as a transformational fuel for development – Sahara Group
Natural gas has been identified as a transformational fuel for Africa’s development, capable of bridging energy poverty and driving industrial...
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NNPCL may sell Warri, Port Harcourt, Kaduna refineries after 2025 review – Ojulari
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has stated that the sale...
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NNPC targets 2 million bpd capacity by 2027 as oil output rises to 1.63 million bpd
The Nigerian National Petroleum Company Limited (NNPCL) says it is ramping up efforts to raise the country’s oil production capacity...
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NNPCL yet to account for N210 trillion in audit report – Senate
The Senate says that the Nigerian National Petroleum Company Limited (NNPCL) is yet to account for the N210 trillion highlighted...
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Dangote Refinery faults FCCPC’s second attempt to challenge N100 billion import license suit
Dangote Petroleum Refinery and Petrochemicals FZE, on Thursday, faulted the Federal Competition and Consumer Protection Commission’s (FCCPC) second attempt to...
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