Cooking Gas Prices Jump by Up to N75 per Kilogram as Brent Crude Hits $111.90
Cooking gas prices rose by as much as N75 per kilogram across five suppliers between…
Cooking Gas Prices Jump by Up to N75 per Kilogram as Brent Crude Hits $111.90
Cooking gas prices rose by as much as N75 per kilogram across five suppliers between October 20 and October 22, as international crude oil benchmarks climbed. Navgas posted the steepest increase, while Techno Oil and Rainoil recorded the smallest adjustments among the suppliers Navgas raised its LPG price from N1,175 per kilogram on October 20…
Edo Refinery Hits 104.24% Capacity Utilisation as Modular Plants Supply 620,000 Litres of Diesel Daily
Edo Refinery exceeded 100% capacity utilisation in September 2026, posting 104.24% and emerging as Nigeria’s best-performing modular refinery by that measure. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) September 2026 factsheet showed four operational modular refineries supplied 620,000 litres of Automotive Gas Oil (AGO), popularly known as diesel, daily, meeting just 4.3% of…
Seplat Energy Advocates Strong Governance in Structured Financing
Seplat Energy Plc has underscored the critical role of transparency, strong corporate governance and stakeholder collaboration in unlocking structured financing opportunities and accelerating sustainable growth across Nigeria’s energy sector. Speaking at the Olaniwun Ajayi Structured Finance Roundtable in Lagos recently, Seplat Energy’s Chief Financial Officer and Executive Director, Eleanor Adaralegbe, called on companies, particularly industry…
FG renews drive for one million CNG vehicles to cut transport costs
The Federal Government has renewed its plan to deploy one million compressed natural gas (CNG)-powered vehicles across Nigeria to reduce transportation costs. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, directed officials to accelerate vehicle conversions and expand refuelling infrastructure. Ekpo gave the directive in Abuja over the weekend while receiving progress reports from…
Five DisCos Give Reasons for Power Cuts in Lagos, Abuja, Ogun, Other States
Five electricity distribution companies have issued separate notices explaining power cuts and reduced supply affecting customers in Lagos, Abuja, Ogun and other states. The companies cited grid shortfalls, technical faults, transmission restrictions and scheduled maintenance. Ikeja Electric said reduced supply hours across its Lagos network were caused by insufficient allocation from the national grid. The…
NNPCL Raises Petrol to N1,405 per Litre as Depot Prices Test N1,350 Benchmark
The Nigerian National Petroleum Company Limited has increased petrol pump price to N1,405 per litre at its retail outlets. The N35 increase from N1,370 per litre marks the second price adjustment in recent weeks. Filling station attendants were reportedly informed of the change over the weekend, with the new price taking effect the following day….
NCDMB, Heritage Energy train 48 Nigerians in Subsea engineering
The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Heritage Energy Operational Services Limited (HEOSL) and Global Oceon Engineers Nigeria Limited, have launched a Human Capacity Development programme to train 48 Nigerians in subsea engineering. The initiative is part of the board’s efforts to address critical skills gaps and strengthen indigenous technical expertise…
LCFE Gets NMDPRA Approval to Trade Petroleum Liquids in Push for Transparent Fuel Pricing
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has approved the Lagos Commodities and Futures Exchange (LCFE) to facilitate the trading and clearing of petroleum liquids. The approval aims to bring clearer, market-based fuel pricing to Nigeria, but it does not impose a price cap or guarantee cheaper petrol. The move comes as motorists,…
Cooking gas marketers seek inclusion in FG free cylinder and refill schemes
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has asked the Federal Government to include licensed marketers in free cooking gas cylinder distribution and refill programmes. The association said its members can help the government reach more households, improve cylinder safety and speed up the adoption of liquefied petroleum gas (LPG), commonly called cooking…
Presidency rejects Makinde’s N250bn per-state NLNG dividend claim
The Presidency has dismissed Oyo State Governor Seyi Makinde’s claim that the Federal Government is withholding N250 billion in Nigeria LNG dividends meant for each of the 36 states. Bayo Onanuga, Special Adviser to President Bola Tinubu on Information and Strategy, called the allegation false and inconsistent with NLNG’s financial records in a statement on…
