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…
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…
TotalEnergies reaffirms commitment to Nigeria’s energy growth
TotalEnergies EP Nigeria Limited has reaffirmed its long-term commitment to Nigeria, highlighting 70 years as a downstream operator and 67 years as an upstream operator in the country. Speaking on behalf of the company at the 2026 Association of Energy Correspondents of Nigeria, NAEC, Annual Energy Conference in Lagos themed “Access to Assets: Empowering Players…
FG Clears N1.23trn Power Debt, Moves to Stop New Arrears
The Federal Government says it has settled N1.23 trillion in power sector debts and will not allow fresh arrears to pile up again. Minister of Power Joseph Tegbe disclosed this at the Harvard Business School Association of Nigeria (HBSAN) Energy Conference in Lagos. Tegbe said the objective goes beyond clearing old obligations. The government, he…
NNPC steps up IPO preparation, tackles governance and reporting gaps
The Nigerian National Petroleum Company Limited is moving closer to an initial public offering after completing a baseline readiness assessment and starting to fix governance and financial reporting gaps. Group Chief Executive Officer Bayo Bashir Ojulari said this in an interview on Tuesday, October 13, 2026. Ojulari said NNPC had completed its preliminary assessment and…
Shell quits domestic gas distribution.
Shell Petroleum B.V. has signed an agreement to sell its interest in the Shell Nigeria Gas Group to Nigerian energy company, Vaaris Energy Limited. The company which has operated in Nigeria’s domestic gas distribution for 25 years said the agreement provides a stronger platform for the business’ next chapter under new ownership. A statement by…
