FG moves to stop fuel price fixing as NMDPRA issues draft competition rules
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has released draft regulations that would…
NNPC cuts petrol prices again in Lagos and Abuja, second reduction in five days
NNPC Limited has reduced petrol prices at its retail outlets in Lagos and Abuja for the second time in five days, as competition in Nigeria’s downstream market and falling global crude prices push pump prices lower. The Lagos price dropped by N10 per litre, from N1,265 to N1,255, effective Friday, August 7, 2026. In Abuja,…
Nigerians Paid N208.15bn for Electricity in May 2026, NERC Data Shows
Electricity consumers in Nigeria paid N208.15 billion for power in May 2026, according to the Nigerian Electricity Regulatory Commission (NERC). The figure came as DisCos improved revenue collection efficiency to 82.32%, despite a drop in billing efficiency. NERC’s Commercial Performance Factsheet for May 2026 showed that the 11 electricity distribution companies received power worth N328.95…
FG moves to stop fuel price fixing as NMDPRA issues draft competition rules
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has released draft regulations that would ban petroleum companies from fixing prices, sharing markets, rigging bids, or jointly restricting fuel supply. The framework was published on Thursday, August 6, 2026, and stakeholders have 21 days to submit written comments before it is finalised. The draft Midstream…
NLNG dedicates 100% of LPG output to Nigerian market as cooking gas prices drop
Nigeria LNG Limited has dedicated 100% of its liquefied petroleum gas production to the domestic market, ending exports in a push to improve access to affordable cooking gas. Prices have already fallen to around N1,075 per kilogram in many locations. The announcement came as cooking gas prices continue to decline across the country, offering relief…
FCCPC warns DisCos: No charging consumers for obsolete meter replacement
.The Federal Competition and Consumer Protection Commission has told electricity distribution companies that customers will not bear the cost of replacing obsolete prepaid meters. FCCPC chief Tunji Bello issued the warning in Abuja. Bello spoke at a stakeholder engagement on consumer protection and regulatory cooperation in the electricity sector. The meeting brought together the Nigerian…
Filling stations slash petrol prices as depot competition deepens
Major filling stations, including MRS and AA Rano, have cut petrol pump prices, offering relief to Nigerian motorists. The reductions follow a fresh wave of price cuts at private depots, with Dangote Refinery’s pricing strategy shaping the market. A market survey on Saturday showed MRS filling stations in Abuja reduced the retail price of Premium…
NNPCL deploys 1,000 young professionals after one-year training.
The Nigerian National Petroleum Company Limited (NNPCL) has officially deployed more than 1,000 young Nigerian professionals into its workforce after they completed a one-year internship, intensive training and performance evaluation programme. Group Chief Executive Officer Bayo Ojulari made the announcement on NNPCL’s official social media platforms, describing the exercise as a significant milestone in the…
OPEC+ approves fourth straight 188,000 bpd output hike for September
The Organisation of Petroleum Exporting Countries and its allies, OPEC+, has approved a 188,000 barrels per day increase in oil production quotas for September. This is the fourthconsecutive monthly output hike as the group continues unwinding supply cuts introduced in 2023. The decision was announced on Sunday after a virtual meeting involving seven key members…
NNPC cuts petrol price in Lagos, Abuja, releases full state-by-state list
The Nigerian National Petroleum Company (NNPC) Limited has released new pump prices for Premium Motor Spirit (PMS) across its retail stations nationwide. Motorists in Lagos now pay N1,265 per litre, a N35 cut from N1,300, while Abuja buyers pay N1,335 after a N15 reduction from N1,350. Bayelsa and Akwa Ibom have the lowest NNPC petrol…
Energy Reporting requires new dimension as the industry grows.
As the Energy lndustry grows and becomes more complex, reporting on it requires greater depth and context This was the message to an Executive Master Class on Journalism, organised by the Society of Petroleum Engineers, SPE, in partnership with SEQUEST UPSTREAM COMPANY LTD, with the theme “Engineering the Narrative: Why Technical Knowledge Matters in Energy…
