Energy

Oil prices rebound as markets weigh IEA reserves release

Oil prices rebounded on Wednesday, March 11, 2026, as markets doubted whether the International Energy Agency's reported plan for a…

3 months ago

Dangote refinery reduces petrol, diesel prices

Dangote Petroleum Refinery and Petrochemicals has reduced the gantry prices of Premium Motor Spirit (PMS), fondly called petrol, and Automotive…

3 months ago

Oil prices fall as Trump predicts de-escalation of US-Israel war on Iran

Oil prices fell on Tuesday, March 10, 2026, after hitting an over three-year high in ‌the prior session as United…

3 months ago

Oil price soars 25%, hits highest level in four years

Oil prices surged around 25% on Monday, March 9, 2026, to their highest since mid-2022, as an escalating Iran war…

3 months ago

IBEDC blames gas shortage, apologises for unstable power supply

The Ibadan Electricity Distribution Company (IBEDC) has apologised for the inconvenience caused by ongoing power supply challenges across its franchise.…

3 months ago

Oil prices drop, set for steepest weekly gain

Crude oil headed for ​the sharpest weekly gain since Russia launched its full-scale invasion of Ukraine in February 2022, ‌even…

3 months ago

Gas constraints reduce electricity generation to 3,940MW

The Nigerian Independent System Operator (NISO) has attributed the continued decline in electricity generation on the national grid to the…

3 months ago

FG to establish Grid Asset Management Company to boost power supply

The Federal Government has initiated plans to establish a Grid Asset Management Company (GAMCO) to strengthen the transmission segment of…

3 months ago

Oil prices rise as Iran conflict disrupts Middle East supply

Oil prices rose 1% on Wednesday, March 4, 2026, as the United States-Israeli war on Iran disrupted Middle East supplies.…

4 months ago

Oil prices rise over US-Israel conflict with Iran

Oil prices rose for a third day on ​Tuesday, March 3, 2026, as the widening United States-Israeli conflict with Iran…

4 months ago

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