Saudi Aramco resumes commercial oil shipments from Strait of Hormuz
World’s top oil exporter still stymied by Yemen’s Houthis in Red Sea, but ships millions…
Saudi Aramco resumes commercial oil shipments from Strait of Hormuz
World’s top oil exporter still stymied by Yemen’s Houthis in Red Sea, but ships millions of barrels to Asian refineries via UAE port after pause forced by latest US-Iran flare-up Saudi Aramco resumed oil loading from inside the Strait of Hormuz last week and has more tankers waiting to load as the state energy giant…
NNPCL and Seplat Energy Joint Venture empower 127 teachers and education evaluators with digital skills in Imo State.
This was a major highlight of the graduation of its first cohort of teachers under the Seplat Teachers Empowerment Programme on STEAM-focused teaching techniques and approaches and alternative income-generation skills to strengthen their professional development and make them economically resourceful. Speaking at the graduation ceremony in Owerri on Monday, the Director of External Affairs and…
Four more states to benefit from Dangote free petrol delivery scheme.
Kano, Imo, Anambra and Nasarawa now join Lagos, Ogun, Rivers, Kaduna, Abuja and Delta, bringing the total to ten states. Petrol under the scheme would sell for ₦1,165 per litre, and marketers who qualify get ten days’ credit before payment is due. The catch is that you need to buy at least 250,000 litres at…
Dangote unveils $16 billion refinery in Kenya, larger than Lagos plant
Aliko Dangote has announced plans to build a $16 billion oil refinery in Lamu, Kenya, which he says will be larger than his Lagos facility. Construction could start as early as October 2026 if Kenya agrees to protect the plant from cheap fuel imports. Dangote told reporters the Lamu refinery would have a processing capacity…
NLNG, NCDMB unveil research centre at Rivers Varsity to boost Energy and industrial Sector
The Nigeria LNG Limited and the Nigerian Content Development and Monitoring Board on Thursday unveiled plans for a Research and Innovation Centre for Computer and Electrical Engineering at Rivers State University, Port Harcourt. The project, NLNG said, is designed to enhance the university’s capacity to undertake advanced, industry-relevant research, provide specialised training and develop technological…
Aradel Holdings targets 2027 for petrol production at Rivers refinery
Nigerian energy company Aradel Holdings Plc is targeting 2027 to begin producing petrol at its modular refinery in Rivers State, adding another domestic source of fuel to Nigeria’s changing downstream market. Temitayo Ogunbanjo, who oversees Aradel’s refining business, disclosed the plan on the sidelines of a conference in Abuja. Ogunbanjo said the removal of petrol…
Petrol depot prices jump as crude rally and Strait of Hormuz tensions hit Nigerian fuel market
Petroleum depot prices rose across Nigeria on Tuesday, August 11, 2026, as global crude oil climbed towards $90 per barrel and Iran kept the Strait of Hormuz closed. Parker in Warri recorded the largest single increase of N48 per litre, pushing its petrol price to N1,230. Diesel prices also moved higher at several Lagos and…
NERC dissolves Kaduna DisCo board over N456.5bn debt, appoints administrator
The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Company (KAEDC) and appointed its Managing Director, Dr Abubakar Umar Hashidu, as administrator for six months. The regulatory action takes effect from August 10, 2026, under Order No. NERC/2026/086. NERC said KAEDC was facing a severe financial and operational crisis, marked…
Fuel subsidy would have cost N53trn, pushed naira to N3,500/$ if not removed.
The Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, has said the fuel subsidy bill could have risen to about N53 trillion and the naira could have hit N3,500 per dollar if President Bola Tinubu had not removed the subsidy in 2023. He spoke on Channels Television on Sunday night while defending the removal…
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,…
