The Chairman of the Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya, has called on indigenous oil and gas companies to consolidate their technical and financial capacities to compete for bigger projects and take advantage of opportunities arising from the divestment of oil and gas assets. Ogunsanya said Nigerian companies could not continue to…
The Chairman of the Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya, has called on indigenous oil and gas companies to consolidate their technical and financial capacities to compete for bigger projects and take advantage of opportunities arising from the divestment of oil and gas assets. Ogunsanya said Nigerian companies could not continue to…
Petrol depot prices climbed across Lagos, Warri, Port Harcourt and Calabar in the week ended Friday, October 9, 2026, with Calabar reaching ₦1,370 per litre. Diesel also rose, hitting ₦2,000 per litre at Matrix’s Warri depot, even after a reported Dangote refinery price cut. These are wholesale depot quotations, not the pump prices motorists pay…
Petrol is selling for between N1,378 and N1,400 per litre across major cities in Anambra State, while independent marketers in Birnin Kebbi, Kebbi State, are selling at N1,430 per litre. The different pump prices show that motorists are paying according to the filling station they choose. In Anambra, findings across Awka, Onitsha, Nnewi and Ekwulobia…
The Lagos State Government plans to raise electricity supply to above 3,000 megawatts (MW) from below 1,000MW by March 2027. Governor Babajide Sanwo-Olu announced the target at the fourth Lagos Business School Africa Energy Conference (AEC 2026). Represented by his Deputy, Dr Kadri Obafemi Hamzat, the conference held at the Honeywell Auditorium, Lagos Business School,…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has identified more than 788,000 barrels per day (bpd) of shut-in oil production across 63 operators that it is targeting for restoration as part of efforts to increase Nigeria’s crude oil output. The Commission Chief Executive, Oritsemeyiwa Eyesan, disclosed this at the national conference of the…
The Nigerian Bulk Electricity Trading Plc (NBET) has started settling N728.979 billion in legacy debts owed to power generation companies and their gas suppliers. The payment follows the issuance and signing of its Series 2 bonds. The money covers electricity and gas supplied in previous years. Those unpaid bills had weakened generators’ finances, held back…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has identified more than 788,000 barrels per day (bpd) of shut-in oil production across 63 operators that it is targeting for restoration as part of efforts to increase Nigeria’s crude oil output. The Commission Chief Executive, Oritsemeyiwa Eyesan, disclosed this at the national conference of the…
The Nigerian National Petroleum Company (NNPC) Limited said on Thursday that crude oil production has risen to 1.8 million barrels per day in the last month. Group Chief Executive Officer Bayo Ojulari put the figure at 1.821 million barrels per day (bpd), including condensates. He said the increase reflects improved regulations and upstream activities. Ojulari…
The Federal Government has warned that returning petrol subsidy could push the pump price of petrol to at least N2,000 per litre and weaken the naira to about N3,000 per dollar within months. Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, gave the projection on Thursday during a press briefing on…
