The new 12-month electricity billing rule for Lagos consumers
The Lagos State Electricity Regulatory Commission (LASERC) has clarified that its proposed 12-month electricity billing…
Oil hits $100 and its implications for Nigerians.
Global crude oil prices have surged above $100 per barrel for the first time since May, driven by escalating conflict between the United States and Iran. The spike is expected to push petrol prices higher in Nigeria and worsen the cost of living, even as the government faces billions of naira in unexpected revenue. Nigeria’s…
Dangote Refinery Hikes Diesel Price to ₦1,650 per Litre.
Dangote Petroleum Refinery has resumed the sale of Automotive Gas Oil (AGO), commonly known as diesel, after an eight-day suspension. But marketers will now pay a higher price as the company raises its gantry rate to ₦1,650 per litre. The latest pricing marks a ₦150 increase from the previous ₦1,500 per litre, a 10% rise….
Dangote to build petroleum storage terminal in Cameroon
Dangote Group has proposed building a petroleum products storage terminal in Cameroon to expand distribution across Central Africa. The project, still under discussion, could improve Cameroon’s fuel security and supply neighbouring countries. The proposal was presented on July 21, 2026, to Cameroon’s Prime Minister, Joseph Dion Ngute, by the Group’s Vice President for Oil, Gas…
The new 12-month electricity billing rule for Lagos consumers
The Lagos State Electricity Regulatory Commission (LASERC) has clarified that its proposed 12-month electricity billing rule will not cancel existing electricity debts owed by consumers. The commission said the rule will only apply after the new Retail Electricity Supply Code takes effect and is meant to ensure electricity companies issue bills within 12 months. LASERC…
Petrol Depot Prices Hit N1,275 Per Litre as Loading Resumes Across Nigeria
Fuel marketers have resumed loading petrol and diesel from private depots across Nigeria after nearly a week of disruptions caused by price adjustments. Depot prices in Lagos climbed to N1,275 per litre on Tuesday, July 22, 2026, as the Dangote refinery’s dollar-pricing policy continued to drive market uncertainty. Chinedu Ukadike, National Publicity Secretary of the…
NUPRC to announce winners of 50 oil and gas blocks after commercial bid conference
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is set to hold the commercial bid conference for its 2025 Licensing Round on Tuesday, July 21, 2026, where qualified investors will compete for 50 oil and gas blocks across the country. A total of 143 companies submitted 200 bids after passing the prequalification and technical stages of…
NNPC hikes petrol price by N182 in Lagos as Dangote refinery loading remains suspended
The Nigerian National Petroleum Company (NNPC) Limited has increased petrol pump prices at its retail outlets in Lagos and Abuja, with Lagos recording the steeper jump of N182 per litre. The price hike came as petrol loading at Dangote Refinery remained suspended for a fifth consecutive day, leaving marketers scrambling for supply. A survey conducted…
FG Opens Bids for 50 Oil and Gas Blocks as 143 Qualified Companies Submit 200 Bids
The Nigerian Upstream Petroleum Regulator y Commission (NUPRC) has kicked off the commercial bid phase of its 2025 Oil and Gas Licensing Round, with 143 qualified companies submitting a total of 200 bids for 50 oil and gas blocks across Nigeria’s producing and frontier basins. The commercial bid conference opened on Tuesday, July 21, 2026,…
Media Experts highlight New Rules for Energy Reporting
Media practitioners have been tasked to uphold the core tenets of their profession based on diligence and public interest. They are also to integrate modern technologies, including Artificial Intelligence, into their reportage. This formed the crux of deliberations at a Media Capacity training organised for members of the Nigeria Association of Energy Correspondents, NAEC, in…
ECOWAS signs intergovernmental agreement backing $25 billion Nigeria-Morocco gas pipeline
The Economic Community of West African States (ECOWAS) has taken a major step toward the implementation of the $25 billion Nigeria-Morocco Gas Pipeline, with member states signing an intergovernmental agreement backing the landmark regional energy project. The agreement was signed on Sunday in Freetown, Sierra Leone, according to a joint statement issued by Morocco’s National…
