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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Shareholders of TotalEnergies fall victims of petrol price war
•Wipes out profit, dividend
The company reported a loss after tax of N13.853 billion in 2025, reversing the N27.496 billion profit recorded in 2024, as intense price competition and market instability significantly impacted its!-->!-->!-->!-->!-->…
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OPEC Pegs Oil Quotas to Pipeline Security — PINL
The Pipeline Infrastructure Nigeria Limited (PINL), has tied Nigeria’s recent increase in crude oil production and the ability to produce above OPEC production quota to the improvement in the safety and security of pipelines, including!-->!-->!-->…
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FG Issues Transition Guidelines for Implementation of Tax Acts 2025
The Federal Government has released the General Transition Guidelines for the implementation of the Tax Acts 2025. They explain how Nigeria will move from the old tax laws to the new tax system, which took effect on January 1, 2026.
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Nigeria’s Gas Exports Climb to $2.53bn in Q1 2026 Amid Push for FX Diversification
Nigeria’s strategic pivot toward natural gas is yielding substantial financial dividends, with export revenues climbing to $2.53 billion in the first quarter of 2026.
According to the latest Balance of Payments Highlights released!-->!-->!-->!-->!-->…
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Nigeria Exceeds OPEC Quota As PINL’s Gains Boost Oil Production
Nigeria has exceeded its OPEC crude oil production quota for the first time in 2026, with improvements along the Trans Niger Pipeline (TNP) under the management of Pipeline Infrastructure Nigeria Limited (PINL) contributing!-->!-->!-->…
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FG to end estimated billing with 7m meter rollout – Verheijen
The Federal Government has unveiled plans to deploy seven million electricity meters across the country as part of a major reform programme aimed at ending estimated billing, improving revenue collection and restoring confidence in!-->!-->!-->…
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Strait Of Hormuz Ship Traffic Assurance By Vance Leads To Oil Price Decrease
Quartz · Alex Brandon-Pool/Getty Images
Oil prices extended their decline on Thursday after Vice President JD Vance told reporters that tankers carrying more than 12 million barrels had crossed the Strait of Hormuz overnight.
By!-->!-->!-->!-->!-->…
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NNPC, TotalEnergies Deepen Partnership To Accelerate Methane Emission Reduction Through Advanced…
NNPC Ltd’s Executive Vice President, Upstream, Udy Ntia (2nd from right) and TotalEnergies Country Chair and Managing Director, Matthieu Bouyer (1st from left), signing an MoU to extend the deployment of the Airborne Ultralight!-->…
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Shell Appoints Elohor Executive Vice President And Country Chair Nigeria
Elohor Aiboni
Former Managing Director Shell Nigeria Exploration and Production Company Limited (SNEPCo) Elohor Aiboni, currently on assignment as Asset Director at Brunei Shell Petroleum, has been named Executive Vice President and!-->!-->!-->…
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AEW 2026 to Position Transmission at the Center of Africa’s Data Center Buildout
The rapid expansion of AI and cloud computing is driving substantial capital deployment into Africa’s digital infrastructure. This positions high capacity hyperscale campuses as a core asset class.
South Africa remains the largest!-->!-->!-->!-->!-->…
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