Energy

Latest Oil price slide, output shortfall threatens Tinubu’s fiscal plans, election budget

August 14, 2025

FEC approves N13 billion compensation under Lagos Power Project, okays major national grid upgrades

August 14, 2025

NNPCL wins Ararume case, avoids N5 billion damages

August 14, 2025

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Energy

Oil & Gas and Power Sector related news

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 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

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

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari has said that the firm...

Business

Otedola partners Lagos state and AfDB to develop Nigeria’s first PPP power transmission project

by Aghogho Udi

The chairman of Geregu Power Plc Mr. Femi Otedola has disclosed plans to develop a power transmission project in partnership...

NCDMB, NLNG to launch E-Marketplace for local content opportunities in oil and gas

by William Ukpe

The Nigerian Government announced the launch of an Oil and Gas E-Market Place, which is expected to be a key...

Crude oil theft: NNPC Limited security partner intercepts 800,000 litre crude headed for Cameroon

The Nigerian National Petroleum Company Limited has said that its security partner, Tantita Security Services Limited, has intercepted an 800,000-litre...

Economy

We will protect Nigerians from outrageous estimated billing – NERC

The Nigerian Electricity Regulatory Commission (NERC) has said that it is committed to protecting Nigerians from outrageous estimated billing

Economy

#NOGEnergyWeek: Local content in oil and gas sector has increased to 54% as of 2022 – NCDMB Executive Secretary

The local content in Nigeria's oil and gas sector has experienced a significant surge, soaring from 26% in 2017 to...

Electricity Act supports $100 billion ETAFA initiative – Report