Petrol Price Chaos: Nigerians Face Fresh Burden
By Gideon Osaka
In May 2023 when the multibillion-dollar Dangote Refinery was officially commissioned, it was hailed as a national pride and a monumental achievement for Nigeria’s petroleum sector. The 650,000 barrels per day (bpd)!-->!-->!-->!-->!-->…
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Tinubu’s 24-Month Debt Outstrips Nigeria’s 55-Year Borrowing – Oye
The Chairman of the Alliance for Economic Research and Ethics LTD/GTE, Dele Oye, has lamented the unprecedented rise in public debt under the current administration, noting that the N65.9 trillion borrowed by the Bola Tinubu!-->!-->!-->…
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Energy Theft, Obsolete Infrastructure Deepen Nigeria’s Electricity Crisis – Expert
According to The Guardian on May 25, 2026, energy expert Dr. Chinedu Okafor has identified rampant energy theft and obsolete infrastructure as the primary factors worsening Nigeria’s long-standing electricity crisis.
Speaking at a!-->!-->!-->!-->!-->…
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Cooking Gas, Petrol Prices Put Fresh Pressure on Nigerians in May
In May 2026, Nigerian households are experiencing increased financial pressure. Petrol and cooking gas prices have increased, while diesel is driving up business expenses. Rising energy costs now impact transport, food, power, and!-->!-->!-->…
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Nigeria’s Eurobond yields trade, reflects rising long-term borrowing costs
Nigeria’s Eurobond yields closed higher across most maturities on Thursday, reflecting cautious investor sentiment in the international debt market despite relatively stable bond prices, according to data released by the Debt!-->!-->!-->…
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Nigeria Installs 241,590 Electricity Meters In 2 Months
Electricity distribution companies in Nigeria installed 241,590 new meters in January and February 2026. The Nigerian Electricity Regulatory Commission (NERC) released the figures in its monthly metering fact sheet.
The companies!-->!-->!-->!-->!-->…
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NNPC Accuses Dangote Refinery Of Seeking Fuel Monopoly In Court Filing
Nigeria’s state oil firm NNPC has accused Dangote Petroleum Refinery of seeking to restrict competition and expose the country’s fuel market to monopoly control by challenging import licences issued to rival marketers, according to!-->!-->!-->…
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Uganda Assures Stable Fuel Supply Amid Global Oil Market Disruptions
Government says Uganda has sufficient fuel reserves despite Middle East instability affecting global oil markets, while new investments in storage, refining and supply infrastructure are expected to strengthen long-term energy!-->!-->!-->…
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NNPC Assesses Chinese Investment In Port Harcourt, Warri Refineries
The Nigerian National Petroleum Company Limited is considering a new partnership arrangement that could see Chinese investors acquire a controlling stake in the Port Harcourt and Warri refineries as part of efforts to revive and expand!-->!-->!-->…
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Nigeria’s Oil Exploration Declines 41.7% as Rig Counts Falls to 12 in April
Nigeria’s oil exploration and drilling activities declined by 41.7 per cent in April 2026, following reduced upstream operations and investment activities.
According to the May 2026 Monthly Oil Market Report (MOMR) of the!-->!-->!-->!-->!-->…
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Egypt targets Nigeria’s CNG market as gas partnership deepens
*Compressed Natural Gas storage.
Egypt is moving to tap into Nigeria’s fast-growing compressed natural gas (CNG) market, with Egyptian automotive gas company Cargas signalling plans to expand operations into the country and support!-->!-->!-->…
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