Energy

EFCC arraigns 3 foreigners, vessel over N12bn oil theft

The Economic and Financial Crimes Commission (EFCC) on Wednesday arraigned three foreigners and a vessel, MT Ostria, before the Special…

1 month ago

Oil prices drop as OPEC+ output offsets US-China trade deal

Oil prices fell on Tuesday, October 28, 2025, marking their third day of declines as an OPEC+ plan to raise…

1 month ago

Oil prices rise over US-China trade deal

Oil prices rose on Monday, October 27, 2025, after United States and Chinese economic officials outlined a trade deal framework.…

1 month ago

Dangote refinery raises capacity to become world’s largest

Dangote Petroleum Refinery has announced that it is increasing its production from 650,000 barrels per day to 1.4 million barrels…

1 month ago

Oil prices rise as US-China trade war escalates

Oil prices rose on Tuesday, October 14, 2025, as early signs of a thaw in U.S.-China trade tensions bolstered market…

2 months ago

NNPC raises petrol price to N992/litre in Lagos

The Nigerian National Petroleum Company (NNPC) Limited has increased the pump price of Premium Motor Spirit, fondly called petrol, to…

2 months ago

Dangote refinery denies importing high-sulphur petrol

The Dangote Petroleum Refinery has refuted reports alleging that it imported Premium Motor Spirit, otherwise known as petrol, with high…

2 months ago

‘You’re not greater than Nigeria’: FG slams PENGASSAN over strike

The Federal Government has condemned the industrial action embarked upon by oil workers under the aegis of the Petroleum and…

2 months ago

Families groan as cooking gas price hits N3,000

Families in Lagos and other parts of Nigeria are reeling under the pressure of soaring Liquefied Petroleum Gas (LPG), otherwise…

2 months ago

Oil prices jump 1.5% after OPEC+ output hike

Oil prices increased on Monday, October 6, 2025, after OPEC+ announced a more modest monthly increase in production than expected.…

2 months ago

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