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…
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…
NERC Backs Call for Harmony in Electricity Market
The Minister of Power, Chief Joseph Tegbe, has called for harmonisation of regulatory and operational activities in the Nigerian Electricity Market. Chief Tegbe argued that this will ensure that power sector players work towards the onerous goal of increasing access to electricity supply for Nigerians, as power remains the bedrock for the development of any…
Filling Stations Hike Petrol Prices Nationwide as Depot Costs Hit N1,200 Per Litre
Filling stations across Nigeria have increased the pump price of Premium Motor Spirit (PMS), commonly known as petrol, after private depot owners raised wholesale loading costs to about N1,200 per litre. Motorists are now paying between N1,100 and N1,230 per litre across major cities as marketers pass on the higher costs to consumers. The latest…
Dangote Refinery offshore terminal hits 1,100 tanker calls, targets 1,000 yearly .
Refinery’s offshore marine terminal has recorded about 1,100 tanker calls since it began operations. The facility now handles around 75 tanker visits every month, with traffic expected to rise to between 900 and 1,000 calls annually as the refinery reaches full capacity. The Head of Port Infrastructure and Marine Operations at Dangote Petroleum Refinery and…
Cooking gas imports jumps, as Nigeria battles supply crisis, prices ease
Nigeria’s imports of Liquefied Petroleum Gas (LPG), or cooking gas, skyrocketed by 1,400 percent to 1.5 kilotonnes per day (KT/d) in June 2026, as the country scrambled to address severe supply shortages. According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the surge in imports has helped stabilise prices and brought some relief…
PETROAN urges FG to revive state refineries as Dangote switches to dollar sales
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called on the Federal Government to urgently revive the country’s state-owned refineries. This follows the decision by Dangote Refinery to suspend the sale of petroleum products in naira and switch to dollar-denominated transactions. PETROAN warns against single supplier dominance PETROAN National President, Dr. Billy…
