Energy

Nigeria’s daily fuel consumption drops to 48.03 million litres in June 2025 – NMDPRA

EIA signals crude oil prices could drop below $60 by Q4

NLC urges FG to sell crude to Dangote in Naira, commends refinery’s output

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Energy

Oil & Gas and Power Sector related news

Nigeria emerges seventh global LNG exporter in 2022

Nigeria emerged as the seventh global liquefied natural gas (LNG) exporter in 2022, according to data from the International Gas...

Fuel consumptions: NMDPRA says daily truck out stands at 66.89 million litres

Fuel subsidy: Here are 9 money-making opportunities in Nigeria’s auto gas value chain

The Auto-gas value chain is poised to experience increased activity following President Bola Ahmed Tinubu's decision to remove fuel subsidies.

Market size of copper, lithium, nickel, cobalt and graphite reached $320 billion in 2022

In its latest (July 2023) Critical Minerals Market Review, the International Energy Agency (IEA) made a case for the emergence...

Brent crude drops to $25, oil demand drops by about 10% of world’s consumption, Brent Crude Oil hits $26, as Nigeria's Sweet Crude demand falls, Oil price pushes up before OPEC meeting, Asian equity markets mixed, NIGERIA OIL: Darker days ahead as Brent falls below production cost, Brent crude drops, as oil traders focus on OPEC+ meeting

Brent crude price rally: Nigerians should not expect an immediate increase in fuel pump prices

The impact of Brent crude price increase on Nigeria’s downstream sector and the country’s fuel pump price will not be...

Tinubu Administration will prioritize Nigeria’s gas for industrialization – Olu Verheijen

by William Ukpe

The Tinubu administration will prioritise gas development to play a major role in Nigeria’s industrialization.

2023 Electricity Act: NERC ready to partner with states and stakeholders to ensure steady power supply

July 12, 2023

NERC has said that the Commission has always been ready to partner with any state or anyone who can keep...

Brent crude reaches $80.41 per barrel for the first time since May 2023

July 12, 2023

A review of crude oil prices by Nairametrics on Wednesday, July 12 revealed that the Brent crude benchmark crossed $80...

Economy

#NOGEnergyWeek – Government urged to deliberately subsidize manufacturing in Nigeria for economic growth – Stakeholders

July 12, 2023

Stakeholders at the ongoing Nigerian Oil and Gas Energy Week in Abuja have recommended subsidies for manufacturers in the country.

Developing countries may likely bear the brunt of OPEC’s oil production cuts – IEA

Nigeria needs $1.5 billion to reduce methane emissions in oil and gas operations – IEA

July 11, 2023

The International Energy Agency (IEA) has said that between now and 2030, Nigeria needs up to $1.5 billion to reduce...

#NOGEnergyWeek: NNPCL is gearing up for an IPO, set to declare shares to the public – Mele Kyari