Nigeria earned $6.22 billion from gas exports in the first half of 2026, a 4.2% rise from $5.97 billion in the same period of 2025. The increase was driven almost entirely by a strong second quarter, according to an analysis of the Central Bank of Nigeria’s Balance of Payments Highlights for the first and second…
Nigeria’s refined petroleum product exports rose to $3.94 billion in the second quarter of 2026, up 148% from $1.59 billion in the same period of 2025. The figure was also 66.2% higher than the $2.37 billion recorded in the first quarter of 2026. The data is based on the Central Bank of Nigeria’s Balance of…
Dr Joseph Obele, National Public Relations Officer of the Petroleum Products Retail Outlets Owners, has called on the Federal Government and NNPCL to restart Nigeria’s government-owned refineries to boost local fuel supply and reduce dependence on imports Obele in a statement said reviving the refineries could help ease rising petroleum prices and reduce inflationary pressure…
Dangote Group will break ground on a $17 billion oil refinery in Lamu, Kenya, before the end of September 2026, with completion expected within three years of construction starting. Aliko Dangote, president of Dangote Industries Limited and Africa’s richest man, announced the plan on Monday, September 14, 2026, at the opening of the Dangote Petroleum…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has asked the Dangote Petroleum Refinery and Petrochemicals to open its direct Premium Motor Spirit (PMS) allocation to every registered independent marketer in the country instead of limiting access to a select few. IPMAN National President Abubakar Shettima made the call while addressing developments in Nigeria’s downstream…
Petrol prices in Nigeria could come under fresh pressure after Brent crude rose to $107.63 per barrel on Thursday, September 10, with West Texas Intermediate climbing above $100, according to Reuters. The rally followed escalating attacks linked to the US-Iran conflict and disruptions to oil shipments through the Strait of Hormuz. The increase has renewed…
The Transmission Company of Nigeria (TCN) has declared force majeure on the 330kV Kainji-Birnin Kebbi transmission line after Tower T367 collapsed along the route. The collapse was caused by heavy winds and rainstorms, disrupting bulk electricity transmission between the two stations. In a statement issued on Tuesday, TCN said the affected line tripped at about…
Universal McCann Media Limited has officially achieved the prestigious ISO 9001:2015 Quality Management System certification, marking a historic milestone as one of Nigeria’s first advertising agencies to attain this internationally recognized standard. Issued by TNV, the certification affirms that the agency’s quality management processes meet global benchmarks for consistency, efficiency, and client satisfaction. The certification,…
As our yearly practice in the National Association of Energy Correspondents, NAEC, experts will again gather at Eko Hotel to brainstorm on how to move the Nation’s Energy Sector forward for accelerated growth. The focus this time is ways to access the abundant Energy Asserts through Indigenous Players. Keynote Speakers at the Conference will bring…
Ikeja Electric has introduced a buy-now-pay-later electricity scheme called Energy Advance, allowing eligible customers to draw up to N20,000 worth of electricity units on credit and pay later. The distribution company announced the service in an official notice to customers, saying it is designed to prevent unexpected power interruptions when units run out at inconvenient…
