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Petrol prices rise by 22.55% — NBS
National Bureau of Statistics (NBS) has disclosed in its Price Watch report for March 2026, that the average retail price of premium motor spirit (PMS) also known as petrol rose to N1,288.54, representing a 2.13 per cent year-on-year increase…
Senate confirms Umar as NMDPRA, as new boss assures on national energy security
Senate has confirmed Rabiu Umar as the new Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Umar was screened by the senate, last Tuesday, May 5 following his nomination for the post by President Bola Tinubu,…
M/East conflict: Iran, Nigeria, others count losses
Nearly three weeks into the enforcement of a United States’ naval blockade in the Strait of Hormuz, restricting all ships originating from and entering Iranian ports, the Wall Street Journal (WSJ) has calculated that the development may be costing Iran…
NNPC Limited declares N2.89 trn Q1 payment to Federation Account
Posts decreasing sales volumes during high price cycle Frank Okon The Nigerian National Petroleum Company (NNPC) Limited remitted N2.89 trillion into the federation account in the first quarter of 2026, underlining its continued role as the backbone of government revenue…
NUPRC: Nigeria’s energy policy goals align with decarbonization
Gas agenda to generate 3 GW of power, support fuel diversification Frank Okon Nigeria’s oil and gas industry may be entering a new phase of growth, as sweeping reforms, rising investor interest, and a stronger push toward energy transition begin…
Pipelines, Power, and Positioning: What Nigeria’s OB3 project reveals about Africa’s energy future
[Sola Adebawo] When a pipeline crosses a river, it is often described as an engineering milestone. In Nigeria, the completion of the River Niger crossing of the OB3 gas pipeline (executed roughly two kilometres beneath the riverbed using horizontal directional…
From Epic Fury to Project Freedom: U.S. pushes back Iran in the Strait of Hormuz
Full Story: Oracle reporters, with agency reports A fragile calm in the Strait of Hormuz gave way to renewed confrontation this week as U.S. forces engaged and repelled a wave of Iranian attacks, marking a sharp escalation around one of…
Ojulari finally finds operating partners for Nigeria’s refineries
Plans integrated refining and petrochemical hubs Ziggy Ojiegbe The Nigerian National Petroleum Company (NNPC) Limited has moved to clarify its strategy for reviving the country’s long-idle refining assets, announcing new arrangements aimed at rehabilitating and restarting key plants after months…
Labour, CSOs push for urgent oil sector overhaul as energy cost bites deep
Ziggy Ojiegbe Civil society organisations and labour unions have urged the Federal Government to urgently restructure Nigeria’s downstream oil sector, warning that rising energy costs are worsening hardship and undermining economic productivity. The call was made at the end of…
Hormuz stalemate: UN warns trade disruption comes with global recession risk
Ziggy Ojiegbe The United Nations has called for urgent action to resolve the escalating crisis in the Strait of Hormuz, warning that continued disruption to one of the world’s most critical shipping routes is already placing severe strain on the…
