Energy

Shell profit sinks 35% in Q1 2025 as oil prices fall

British energy giant Shell has reported a drop in its net profit in the first quarter of 2025 as the…

11 months ago

Ojulari sacks 3 NNPC refinery MDs

The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, has removed the Managing Directors…

11 months ago

Ojulari sacks over 200 NNPC officials

The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, has terminated the appointment of…

11 months ago

Oil price drops to $63.62/barrel, sets for biggest monthly fall in 3 years

Oil prices extended declines on Wednesday, April 30, 2025, and were set for their largest monthly drop in almost three…

11 months ago

Seplat generates N1.228trn revenue, profit hits N535.4bn in Q1 2025

Seplat Energy Plc has announced that its revenue increased to N1.228 trillion in the first quarter of 2025. Seplat, on…

11 months ago

NUPRC: We didn’t collect bribe during 2024 oil licensing bid round

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has denied any underhand dealings in the allocation of oil blocks during the…

11 months ago

NNPC slashes petrol price to N880/litre in Lagos, N935/litre in Abuja

The Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of Premium Motor Spirit (PMS), otherwise known as…

11 months ago

Minister: Power sector generated N1.7trn revenue in two years

The Minister of Power, Adebayo Adelabu, has disclosed that the sector generated N1.7 trillion revenue between 2023 and 2024. The…

11 months ago

NSCDC uncovers 5 illegal crude oil dumps, nabs 7 suspects in Abuja

The operatives of the Nigeria Security and Civil Defence Corps (NSCDC) have uncovered five illegal crude oil dumps in the…

11 months ago

Again, Dangote refinery reduces petrol price to N835/litre

Dangote refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), fondly called petrol, to N835 per litre. Dangote…

11 months ago

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