Energy Sector
Nigeria Awards 37 Oil and Gas Blocks to 31 Companies in Historic Licensing Round
Nigeria has concluded one of its most significant petroleum licensing rounds in recent history, awarding 37 oil and gas blocks to 31 companies...
Nigeria Gas Production Surges 12 Percent as Reforms Attract Billions in Investment
Nigeria has recorded a significant jump in natural gas production, with daily output reaching 7.63 billion standard cubic feet, up from 6.83 billion...
Nigeria’s Oil Production Rises Slightly but Remains Below OPEC Quota
Nigeria’s crude oil production recorded a slight increase in April 2026, but the country still failed to meet its production quota set by...
Dangote Refinery Exports 1.66 Billion Litres of Fuel Amid Global Supply Tensions
Fresh data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA shows that the Dangote Petroleum Refinery and Petrochemicals exported an estimated...
Eterna Plc Records N302.4bn Revenue, Approves Dividend at 33rd AGM
Eterna Plc has announced a revenue of N302.4 billion for the financial year ended December 31, 2025, as shareholders approved the company’s audited...
Egbin Power Shuts Down Operations After Fatal Underwater Accident
Egbin Power Plc has suspended operations following a tragic industrial accident that claimed the life of a contractor during an underwater maintenance exercise...
NUPENG Raises Alarm Over Job Losses and Workers’ Rights in Oil and Gas Sector
The Nigeria Union of Petroleum and Natural Gas Workers has expressed deep concern over rising job losses and what it described as growing...
Nigeria Exports 55.39 Million Barrels of Crude as Dangote Refinery Faces Supply Shortage
Nigeria exported a total of 55.39 million barrels of crude oil in the first two months of 2026, even as domestic refiners, including...
Power Crisis Persists as Nigerians See No Relief Despite Government Promises
Two weeks after Nigeria’s Minister of Power, Adebayo Adelabu, assured citizens of improved electricity supply, many Nigerians across the country say the situation...
Investors Reposition as Geopolitical Tensions Reshape Energy Markets
Global investors are recalibrating strategies as prolonged geopolitical tensions continue to shape energy markets and influence broader financial sentiment across regions. Fund managers,...
