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ENERGY
JUST IN: Tinubu Approves N3.3 trillion Debt Payment in the Power Sector
The Presidency on Sunday announced that President Bola Tinubu has approved a N3.3trillion payment plato aimed at settling the outstanding energy debts under the Presidential Power Sector Financial Reforms Programme.
In a statement…
Afikpo, Ohaozara, Edda to Benefit from REA/Lotus Bank PPP N100b Electricity Project
Afikpo, the second largest city in Ebonyi State is set to benefit from a ground-breaking public private partnership venture that is expected to supply electricity to over 30, 000 homes in under-served communities in Ebonyi State.
The…
Senate Summons Ex-NNPCL Boss Kyari Over Alleged N210tn Unaccounted Expenditure
The Senate has summoned the immediate past Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, over an alleged N210 trillion expenditure by the national oil company between 2017 and 2023…
Dangote Refinery Raises Petrol Gantry Price to N995 per Litre Amid Global Oil Market Pressures
By ThankGod Inalegwu
The Dangote Petroleum Refinery has increased its gantry price for Premium Motor Spirit (PMS), commonly known as petrol, to N995 per litre, marking a sharp rise of N221 within four days as…
Tinubu Orders Direct Remmitance of All Oil, Gas Revenues into Federation Account
President Bola Ahmed Tinubu has signed an executive order mandating that all oil and gas revenues due to the Federal Government be paid directly into the Federation Account, marking a major overhaul of Nigeria’s petroleum revenue…
Decline in Nigeria, Libya Oil Production Affects OPEC January Output
The Organisation of Petroleum Exporting Countries (OPEC) recorded lower crude oil output in January 2025 due to shortfalls in production from Nigeria and Libya, Reuters reports.
According to Reuters survey, the production shortfalls in…
Fuel Price War: Dangote Reduces Fuel Price by N25
The Dangote Refinery has announced the reduction of the pump price of petrol by N25, from N799 T0 N774.
The reduction of price follows a massive importation of Premium Motor Spirit (PMS) by other marketers who intend retain a major share…
Multiple Allegations: Group Urges Tinubu to Probe NNPCL GCEO, Ojulari
An accountability and pro democracy group, has called on President Bola Ahmed Tinubu, to as a matter of necessity, cause an immediate probe into the multiple allegations against the Group Chief Executive Officer (GCEO) of Nigerian…
JUST IN: Nigeria’s Electricity Grid Collapses for the 2nd Time in 5 Days
Nigeria has once again been thrown into darkness as the nation’s electricity grid on Tuesday morning collapsed.
The collapse, the second in the last one week was confirmed by the Eko Electricity Distribution Company (EKEDC) via a…
Dangote Refinery Supplies 50million Litres of Fuel to Nigerian Market, Increases Fuel Price to N799…
The Dangote refinery has announced the increment of the pump price of Premium Motor Spirit (PMS) from its gantry N699 per litre to N799 per litre.
The new price entails that major dealers of the Dangote fuel including MRS filling stations…