Energy

Oil and gas tankers are increasingly avoiding the Strait of Hormuz following US and Israeli strikes on Iran, with several...

The Minister of Power, Chief Adebayo Adelabu, has directed the Ibadan Electricity Distribution Company (IBEDC) to expedite the rollout of...

Latest fundamentals indicate that Nigerian crude oil (Bonny Light) is likely to surpass the $80 per barrel because of the...

The Rural Electrification Agency (REA) will spend N100 billion in 2026 to deploy hybrid mini-grids for government agencies within and...

Nigeria supplied 46.618 million barrels of crude oil to the United States in 2025, representing 52.2% of Africa’s total crude...

The top ten energy startups have received multimillion-dollar investments, suggesting growing trust in their product and impact.

Nigeria’s prolonged power outages, affecting homes and businesses nationwide, are primarily due to inadequate gas supply to thermal power plants. 

The average retail price of Premium Motor Spirit (Petrol) in January 2026 stood at N1,034.76, marking a 17.77% decline from N1,258.34 recorded...

Oil prices dipped on Friday, heading for a weekly decline as the United States and Iran extended nuclear talks, easing...

Nigerian crude oil last traded above $70 a barrel, higher than FG’s 2026 budget benchmark of $64.85 amid growing geopolitical...