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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NNPC revenue up by 4.24% to hit N2.680tn in February
The Nigerian National Petroleum Company (NNPC) Limited at the weekend announced that its revenue soared by 4.24 per cent in February 2026 to N2.68 trillion from the N2.57 trillion recorded in January.
This was contained in the NNPCL!-->!-->!-->!-->!-->…
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World Bank withdraws Nigeria development report following controversial ‘fuel import’ stance
The World Bank has withdrawn the latest Nigeria Development Update (NDU) from its website, pulling the document just days after its April 7, 2026, publication.
The publication, titled “Nigeria’s Tomorrow Must Start Today: The Case!-->!-->!-->!-->!-->…
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More Revenue For Nigeria As Japan Books Crude Amid Mideast War
The country is also bringing substitute oil supply from the U.S., its closest ally, a document released by METI showed on Friday
A graphic illustration of barrels of crude oil
Nigeria’s revenue is about to receive a boost as Japan!-->!-->!-->!-->!-->…
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I Promise Nigerians That We Will Provide Electricity To Support Our Country’s Development – Tinubu
According to a report by Daily Post on Saturday, April 11, 2026, President Bola Ahmed Tinubu has restated his administration’s commitment to addressing some of the country’s most pressing challenges, including economic hardship, power!-->!-->!-->…
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Oil production drops as NNPC generates N2.68trn in January
The Nigerian National Petroleum Company (NNPC) Limited has announced a slight drop in oil production in February 2026.
In its monthly report, the oil firm said production dropped to 1.51 million barrels per day from the 1.64 million!-->!-->!-->!-->!-->…
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NNPC Remits ₦1.8trn To FG, Revenue Hits ₦2.68tn
These operational improvements are expected to support sustained revenue generation in the coming months
The Nigerian National Petroleum Company Limited (NNPC) said it remitted a total of N1.804 trillion to the Federation Account in!-->!-->!-->!-->!-->…
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Fuel Import Recommendation: World Bank backtracks, Removes Nigeria Dev. Update Report from Website
The World Bank has removed its most recent Nigeria Development Update (NDU) report from its official website. The withdrawal occurred three days after the global financial institution initially published the report on April 7, leading!-->!-->!-->…
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Blackout persists as Adelabu’s 6,000MW target misses three deadlines
When Adebayo Adelabu took office as Nigeria’s Minister of Power in August 2023, he promised that the country would reach 6,000 megawatts of electricity generation by the end of that year.
He stated that the lights would come on.!-->!-->!-->!-->!-->…
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Reforms attract over $10bn upstream investment windfall – NUPRC boss
Oritsemeyiwa Amanorisewo Eyesan, to head the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The implementation of the Petroleum Industry Act (PIA) and a revamped regulatory framework is reshaping Nigeria’s upstream!-->!-->!-->…
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Electricity: FG sets up committee to tackle gas to power challenge
The Federal Government has inaugurated a Gas-to-Power Monitoring Committee to address persistent gas supply challenges affecting electricity generation in the country.
Speaking at the inauguration in Abuja, the Minister of Power,!-->!-->!-->!-->!-->…
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