Electricity supply may worsen as gas firms warn of shutdown over ₦6trn debt
Nigeria’s power situation may deteriorate further as gas suppliers threaten to halt supply to thermal power plants over mounting debts owed by power generation companies (GenCos). A source at the…
FG won’t fix petrol prices despite Middle East oil shock — Edun
The federal government has ruled out intervening to regulate petrol prices despite rising volatility in global oil markets triggered by the ongoing Middle East conflict. The Minister of Finance and…
Dangote Refinery: 47 government agencies add costs to petrol price
The managing director of the Dangote Refinery, David Bird, says the facility incurs charges from 47 government agencies, which contribute to the final pump price of petrol in Nigeria. Speaking…
Petrol price set to rise as Dangote Refinery increases gantry price to ₦1,175/litre
The cost of goods and services across Nigeria is expected to rise further following a fresh increase in petrol prices after the Dangote Petroleum Refinery raised the gantry price of…
FG resolves OPL 245 dispute with Eni, AGF says deal will strengthen Nigeria’s economy
The federal government says the resolution of the long-running dispute over Oil Prospecting Licence (OPL) 245 will strengthen Nigeria’s fiscal position and reposition the country’s economy. Lateef Fagbemi, attorney-general of…
Tinubu resolves OPL 245 dispute, paving way for 150,000 BPD deepwater project
President Bola Tinubu has announced the successful resolution of the long-standing dispute over Oil Prospecting Licence (OPL) 245, describing it as a historic milestone that unlocks significant deepwater investment and…
Tax reforms will ease burden on Nigerians, says Shettima
Vice President Kashim Shettima has assured Nigerians that the Federal Government’s proposed tax reforms are designed to improve livelihoods and reduce poverty, not worsen economic hardship. Speaking on behalf of…
PENGASSAN shuts down Shell office in Lagos over pay dispute
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Tuesday staged a protest that halted operations at the Broad Street office of Shell Nigeria Exploration and Production…
Oil climbs above $72 amid escalating middle east tensions
Global crude oil prices surged on Friday, with Brent rising above $72 per barrel for the first time since July 31, 2025, amid escalating geopolitical tensions in the Middle East.…
Tinubu applauds Lebara Nigeria’s entry, says telecom sector driving growth
President Bola Tinubu has welcomed the official launch of Lebara Nigeria, describing it as a strong vote of confidence in Nigeria’s digital economy and its potential as a leading technology…
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