Energy

Bonny Light holds $68 a barrel despite Israel-Hamas deal

October 10, 2025

NGX Oil and Gas set to shatter 2,700-resistance on positive activity in three stocks

October 9, 2025

Green Energy launches $400 million Otakikpo crude export terminal

October 9, 2025

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Energy

Oil & Gas and Power Sector related news

Controversy trails Timipre Sylva’s resignation as Minister of State for Petroleum

FG says filling stations to dispense gas in vehicles from September

August 30, 2020

Autogas to be dispensed into automobiles are Liquefied Petroleum Gas, Compressed Natural Gas, others.

Lekan Akinyanmi, Lekoil, Lekoil secures $184m funding to finance OPL 310 drilling , Loan scam forces Lekoil’s shares to plunge over 70% as more denial emerges, Seawave Invest Ltd said it is open to investigation over Lekoil’s loan scam , Loan scam: Lekoil Limited seals payment extension deal to prevent losing oilfield, Lekoil Limited seeks refund of $450,000 after loan scam involving Qatar firm

Nigerian oil firm, Lekoil to raise $100 million for Ogo oilfield

August 29, 2020

Lekoil recorded a loss of $12 million in 2019 as against the $7.8 million loss that it recorded in 2018.

Waltersmith Petroman Oil to expand output by 600%, as it opens mini-refinery soon

August 27, 2020

The refinery is expected to contribute about 271 million litres of refined products.

FG announce extension of suspension of new electricity tariff by 1 week

FG says no electricity tariff increase for poor, vulnerable Nigerians, gives conditions for increase

August 27, 2020

DISCOs have been given conditions under which electricity tariffs can be reviewed and increased.

FG to establish Infrastructure company for critical investments in projects, Survival Fund: FG changes website due to operational challenges, FG orders Nigerians with bank accounts to fill, submit Self-Certification forms, Buhari orders payment of stranded NDDC scholarship students, commision gives reason for delay, President Buhari Democracy Day speech

Buhari stops estimated billings as he directs mass metering of electricity consumers

August 27, 2020

NERC said President Buhari remains committed to protecting Nigerians arbitrary/estimated billings.

The Nigerian Electricity Regulatory Commission (NERC), National electricity grid collapses again, as NUEE suspends strike action , FG to increase electricity tariffs in order to improve power supply, Power: Liquidity crisis-same old story in 2020?, GenCos urges NBET to pay up N1 trillion debt, Electricity Tariff: FG, electricity stakeholders to work on equitable rate , Power: NERC applies "brakes" on hike in tariffs, NERC to sanction 7 DisCos over uncapped estimated billing

President Buhari reportedly approves electricity tariff increase from September 1st 2020

August 26, 2020

Electricity Tariff hike is set to go live on September 1, 2020.

PIB; Will the jinx be broken this time around?, President Buhari may sign 2020 Budget tomorrow, President Buhari approves N37 billion for National Assembly renovation, President Buhari appoints Sarki Auwalu to head DPR , FG may stop interstate and inter-town travels, COVID-19: President salutes Elumelu, Dangote, Atiku, Banks, others for support, Naira export earnings, Covid-19: FG to set up N500 billion intervention fund, sovereign wealth, FG issues guidelines on implementation of gradual easing of lockdown nationwide, Electricity: FG approves one year waiver of import on meters, Buhari backs Lagos State Government Judicial Panel of Inquiry

Electricity: FG approves one year waiver of import levy on meters

by William Ukpe

August 26, 2020

The new regulations would be in line with its commitment to support Nigeria’s electricity reforms.

NNPC, Domestic Crude Allocation, Why NNPC’s Duke Oil is quitting London operations for Dubai , NNPC divests stake in four oil wells to NPDC , How NNPC discovered oil, gas deposits in the North , Nigeria to leverage on condensate refineries to be petrol net exporter, How NNPC saved $3 billion from arbitration , NNPC, IPPG donate medical supplies to South West state governments, NNPC discloses bases for employment and managerial progression in the oil firm, NNPC diversifies into housing, power; plans to beat crude production cost to $10 per barrel

NNPC reveals survival strategies to cope with oil sector downturn and new normal

August 25, 2020

Kyari also disclosed that NNPC is also investing in domestic gas utilization projects.

CBN moves to ring-fence Disco collections

August 25, 2020

The apex bank instructed all DisCo collections and remittances of the DisCos to both NBET and TCN will now be...

There is fuel in the country but it is in the wrong locations – Mele Kyari

NNPC: Details of June Financial and Operations Report