Energy Reporting requires new dimension as the industry grows.
As the Energy lndustry grows and becomes more complex, reporting on it requires greater depth…
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…
Imported petrol now costs more than Dangote fuel, industry data shows
The landed cost of imported petrol has climbed above the price of Dangote refinery’s product, strengthening arguments for Nigeria to stop fuel imports and rely on local refining. According to the latest Energy Bulletin from the Major Energies Marketers Association of Nigeria, imported petrol cost N1,223.32 per litre as of July 29, higher than Dangote’s…
NNPC to acquire Seplat’s 10% JV stake for $281.6m
Seplat Energy Plc has agreed to sell a 10 per cent interest in the NNPCL-SEPNU Joint Venture to the Nigerian National Petroleum Company Limited for $281.6m. The company says the deal will boost shareholder returns and strengthen its balance sheet. Seplat disclosed the transaction on Thursday in its unaudited financial results for the six months…
FG confirms electricity subsidy phase-out from 2027, says no tariff hike for now
The federal government has confirmed it will end electricity subsidies from 2027. Minister of Power Joseph Tegbe announced this at a media interactive session on Friday. He said President Bola Tinubu gave the government a direct mandate to clear existing debts in the power sector and build structures that stop new liabilities from piling up….
FG removes import duty, VAT on cooking gas, CNG vehicles to cut energy costs
The Federal Government has removed import duty and Value Added Tax on cooking gas, compressed natural gas and electric vehicles to boost cleaner energy adoption. The Nigeria Customs Service announced the tax incentives on Thursday, July 30, 2026, under the Presidential Gas for Growth Initiative. The policy is expected to lower the cost of bringing…
Domestic Gas supply performance hits 65%- NUPRC
Nigeria’s average Domestic Gas Delivery Obligations performance reached 2.05 billion cubic feet per day (Bcf/d) as of June 2026, representing a 65 percent compliance rate against the allocated target of 3.16 Bcf/d Oritsemeyewa Eyesan, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), disclosed this during a stakeholders’ workshop on the proposed Gas Swap…
Exxon, Chevron warn of continued high fuel prices from Iran war
Top U.S. oil producers ExxonMobil and Chevron have warned that global supplies of diesel and other refined products will likely remain tight and lead to persistently high prices in the second half of the year as the Iran war continues to cause major energy disruptions. Both companies reported large jumps in second-quarter refining profits on…
Minister inaugurates protective coating plant in Rivers
Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri and Governor Siminalayi Fubara have inaugurated a state-of-the-art Specialty Protective Coatings and Paints Manufacturing Plant built by an indigenous company, ‘Solewant Group’ in Rivers State. This is as Lokpobiri described the investment as a milestone in Nigeria’s industrialisation drive and local content development. The facility,…
Dangote Confirms Petrol Price, Announces Free Delivery in 6 States
Dangote Petroleum Refinery has launched the first phase of a free petrol delivery programme covering six Nigerian states. Marketers purchasing a minimum of 250,000 litres qualify for free delivery and a 10-day credit facility under the scheme. The refinery said the six-state rollout is part of its Vision 2030 strategy, with more states to be…
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…
