Petrol depot prices across Lagos, Warri, Calabar and Port Harcourt ranged from N1,323 to N1,349 per litre, according to Major Energy Marketers Association of Nigeria (MEMAN) data released on October 27, 2026. Dangote Petroleum Refinery kept its ex-gantry price at N1,210 per litre, N113 to N139 below the depot rates. The figures come as the…
Nigeria’s daily cooking gas consumption rose 8% to 5.2 kilotonnes in September 2026 from 4.8 kilotonnes in August, even as retail prices ranged from ₦1,200 to ₦1,600 per kilogramme. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said consumption ran ahead of receipts by about 500 tonnes daily. NMDPRA data showed that daily LPG…
Dangote Petroleum Refinery has closed its $1.6 billion initial public offering after drawing commitments from investors in 119 countries. The offer closed on Tuesday, October 27, 2026, and could become Africa’s largest stock market listing. The refinery secured between $1.5 billion and $1.6 billion in fully funded commitments from Nigerian and retail investors alone. Investors…
NNPC Limited has said it is ready to revive oil exploration in Borno State, more than two years after operations were suspended. The company made the position known after a meeting with Governor Babagana Zulum at Government House in Maiduguri on Wednesday. The NNPC delegation was led by its Non-Executive Chairman, Ahmadu Musa Kida. Group…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has launched the Nigerian Gas Transportation Network Code (NGTNC) Revision 2. The launch was performed at the opening of OTL Africa Downstream Energy Week 2026. Performing the ceremony in Lagos the Authority Chief Executive, ACE, Mallam Rabiu Abdullahi Umar,described the Network Code as a critical framework…
After nearly 15 years of inadequate electricity supply, Rigasa community in Igabi Local Government Area of Kaduna State is set for improved power access following the Niger Delta Power Holding Company Limited’s (NDPHC) commitment to deliver critical electricity infrastructure. The project, facilitated by the Bola Ahmed Tinubu Ideological Group (BAT-IG), comprises a 2-kilometre 11kV line,…
Cooking gas prices rose by as much as N75 per kilogram across five suppliers between October 20 and October 22, as international crude oil benchmarks climbed. Navgas posted the steepest increase, while Techno Oil and Rainoil recorded the smallest adjustments among the suppliers Navgas raised its LPG price from N1,175 per kilogram on October 20…
Edo Refinery exceeded 100% capacity utilisation in September 2026, posting 104.24% and emerging as Nigeria’s best-performing modular refinery by that measure. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) September 2026 factsheet showed four operational modular refineries supplied 620,000 litres of Automotive Gas Oil (AGO), popularly known as diesel, daily, meeting just 4.3% of…
Seplat Energy Plc has underscored the critical role of transparency, strong corporate governance and stakeholder collaboration in unlocking structured financing opportunities and accelerating sustainable growth across Nigeria’s energy sector. Speaking at the Olaniwun Ajayi Structured Finance Roundtable in Lagos recently, Seplat Energy’s Chief Financial Officer and Executive Director, Eleanor Adaralegbe, called on companies, particularly industry…
The Federal Government has renewed its plan to deploy one million compressed natural gas (CNG)-powered vehicles across Nigeria to reduce transportation costs. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, directed officials to accelerate vehicle conversions and expand refuelling infrastructure. Ekpo gave the directive in Abuja over the weekend while receiving progress reports from…
