Oil prices, including both WTI and Brent crude, fell by over 2% due to renewed concerns about the trade war between the United States and China and its potential impact on the global economy. The trade tensions escalated after China sanctioned five U.S. subsidiaries of South Korean shipbuilder Hanwha Ocean, citing their support for U.S….
The Federal Government has hinted that over $400 million in new renewable energy investment commitments will be formalised within the next two days to strengthen Nigeria’s renewable energy manufacturing value chain. Vice President Kashim Shettima announced this on Tuesday at the inaugural Nigerian Renewable Energy Innovation Forum 2025 held in Abuja, saying the move is…
The Minister of Solid Minerals Development, Dele Alake, has announced plans by the Federal Government to establish a new pre-shipment inspection agency for the solid minerals sector as part of ongoing efforts to plug leakages and boost revenue generation. Alake disclosed this at a pre-event press briefing ahead of the 10th edition of the Nigeria…
The supply glitch faced by Dangote Refinery has propelled fresh prices of the premium motor spirit, known as petrol, across Nigerian filling stations. The Nigerian National Petroleum Company Limited retail outlets Ranoil, AA Rano, Mobil, Sharon and other filling stations have implemented a fresh petrol price increase on Monday. NNPCL retail outlets in Kubwa Expressway,…
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, says it has taken a final investment decision (FID) on the HI offshore gas project in the country. The decision, taken in partnership with Sunlink Energies and Resources Limited, saw the injection of $2 billion in the shallow offshore HI field in…
The Association of Energy Correspondents of Nigeria (NAEC), a professional body of journalists dedicated to promoting accurate reporting and informed discourse on Nigeria’s energy and extractive industries, has successfully hosted the 2025 edition of its Annual Conference at the Eko Hotels and Suites, Lagos. With the theme “Nigeria’s Energy Future: Exploring Opportunities and Addressing Risks…
Nigerian-born author and cultural storyteller Oyindamola Olugbile has won the 2025 NLNG-sponsored Nigeria Prize for Literature, defeating Chigozie Obioma and Nikki May. The Nigeria Prize for Literature, established in 2004, is one of the country’s most prestigious literary awards. The Advisory Board for the Prize, chaired by Akachi Adimora-Ezeigbo, announced Ms Olugbile’s victory at the…
The Managing Director of the Niger Delta Power Holding Company (NDPHC), Engr. Jennifer Adighije, has commended President Bola Ahmed Tinubu for his administration’s commitment to revamping Nigeria’s power sector, following his recent approval of the defrayment of the ₦4 trillion legacy debts owed to generation companies (GenCos). Recall that in July 2025, President Tinubu met…
The Nigerian UPstream Petroleum Regulatory Commission, NUPRC, says it has implemented series of transformative and regulatory interventions designed to reposition Nigeria’s upstream sector for competitiveness, resilience and sustainable growth, adding that through these efforts, the Commission is not only driving the rebound of the oil and gas industry, but also shaping Nigeria’slong-term energy future. The …
The Nigerian UPstream Petroleum Regulatory Commission, NUPRC, says it has implemented series of transformative and regulatory interventions designed to reposition Nigeria’s upstream sector for competitiveness, resilience and sustainable growth, adding that through these efforts, the Commission is not only driving the rebound of the oil and gas industry, but also shaping Nigeria’s long-term energy future….
