Blog

In a blistering escalation of Nigeria’s downstream petroleum crisis, the Dangote Petroleum Refinery has thrown down the gauntlet to the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), accusing the group of demanding an eye-watering N1.505 trillion annual “subsidy” to subsidize their logistics costs and match the refinery’s competitive gantry prices. The refinery, Africa’s […]

The Presidential Fiscal Policy and Tax Reforms Committee has clarified that household energy products like kerosene, cooking gas (LPG), and compressed natural gas (CNG) are exempt from the proposed 5% fuel surcharge under Nigeria’s new tax law. Key Clarifications: The surcharge only applies to certain fossil fuels and does not include kerosene, LPG, CNG, or […]

In this Energy Waves edition, we spotlight how the housemates of BBNaija Season 10 are channeling their unique energy into the game. They are like the energy sector of Africa itself, with the kind of content they generate daily. Each personality is defined by the power they bring — from sparks that light up conversations […]

The Nigerian National Petroleum Company Limited (NNPCL), in partnership with TotalEnergies and South Atlantic Petroleum (Sapetro), has signed a landmark Production Sharing Contract (PSC) for deepwater petroleum prospecting licences PPL 2000 and 2001—spanning approximately 2,000 square kilometers in the Niger Delta Basin. This agreement marks the first of its kind under the Petroleum Industry Act […]

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has officially appointed Mr. Andy Odeh as its new Chief Corporate Communications Officer, alongside Mrs. Morenike Adewunmi as Chief Relations Officer. The announcement was made in a company statement released earlier this week. Profile of Andy Odeh: Brings over 30 years of communications and business administration experience […]

Nigerian crude oil blends recorded a strong performance in international markets this week, with Bonny Light and Brass River trading above $71 per barrel during mid-week sessions. The price surge reflects sustained demand for Nigeria’s light, sweet crude, which remains attractive to refiners due to its low sulfur content and high yield of premium petroleum […]

The Bureau of Public Enterprises (BPE) has confirmed plans to launch an Initial Public Offering (IPO) for two electricity Distribution Companies (DisCos) and one Generation Company (GenCo) on the Nigerian Stock Exchange. The announcement comes as part of the federal government’s broader strategy to deepen private-sector participation in the power industry and raise critical funding […]

The Presidential Compressed Natural Gas Initiative (PCNGI) has formally refuted claims that the federal government removed subsidies or directed an increase in Compressed Natural Gas (CNG) pump prices, clarifying that recent price hikes are the consequence of decisions made by private operators. Matilda Johnson, PCNGI’s Brands and Corporate Communications Manager, emphasized: “For absolute clarity: while […]

The Dangote Refinery has achieved a historic milestone by exporting its first gasoline shipment to the United States, signaling Nigeria’s emergence as a global player in refined petroleum products. The cargo, estimated at 300,000 barrels, was transported aboard the vessel Gemini Pearl and is expected to arrive on the U.S. East Coast. Industry sources suggest […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has emphasized that a newly signed Production Sharing Contract (PSC) with TotalEnergies marks a major turning point in Nigeria’s energy trajectory—specifically in its shift toward a gas-powered economy. Key Highlights: First PSC Under PIA with Gas Focus: The PSC between NNPCL, TotalEnergies, and Sapetro, covering 2,000 square kilometers […]