Energy

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…

2 weeks 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.…

2 weeks 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…

2 weeks ago

Oil prices hit one-year high as Israel-Iran war escalates

Oil prices jumped 7% to their highest levels in months on Monday, March 2, 2026, as Iran and Israel stepped…

2 weeks ago

OPEC+ mulls oil output boost as Israel-Iran war disrupts shipments

OPEC+ will consider a larger-than-expected oil output increase on Sunday, March 1, 2026, sources have disclosed The grouping has a…

2 weeks ago

Oil prices rise as US, Iran extend talks

Oil prices rose about 3% on Friday, February 27, 2026, as traders remained on alert for potential supply disruptions after…

2 weeks ago

Power generation drops to 4,300MW amid gas shortage ― NISO

The Nigerian Independent System Operator (NISO) says power generation has dropped to approximately 4,300 megawatts due to inadequate gas supply…

2 weeks ago

Oil prices drop amid Iran nuclear talks

Oil prices fell about 1% on Monday, February 23, 2026, as the United States and Iran prepared for a third…

3 weeks ago

Oil prices rise over US-Iran tensions

Oil prices rose and headed for their first weekly gain on Friday, February 20, 2026, on growing concerns that a…

3 weeks ago

Nigeria loses N1.76trn to OPEC production shortfall

Nigeria’s oil sector forfeited an estimated N1.76 trillion in potential revenue after failing to consistently meet its crude oil production…

4 weeks ago

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