Energy

Senate gives Seplat Energy, others 48-hour ultimatum as Dubri Oil defends $3.2m debt

The Senate has issued a 48-hour ultimatum to Seplat Energy, Network E&P Nigeria Limited, and other oil firms to appear…

1 month ago

Oil prices steady after Trump responds to Iran’s conditions for peace deal

Oil ‌prices steadied at more than one-week highs on Tuesday, August 11, 2026, amid fading hopes of a deal between…

1 month ago

Oil prices rise amid uncertainty over Strait of Hormuz reopening

Oil prices rose ‌on Monday as uncertainty persisted over the reopening of the Strait of Hormuz, with Iran saying the…

1 month ago

Lekki residents decry two-week power outage, demand restoration

Some residents of Lekki Phase 1 in Lagos have decried the power outage that has crippled activities in the area…

1 month ago

Iran: Hormuz shipping deal with Oman near, but key conditions remain

Iran on Saturday said it was close to reaching an agreement with Oman on a new shipping arrangement through the…

1 month ago

Oil prices rise over Strait of Hormuz reopening plans

Oil prices rose for a second straight session on Friday, August 7, 2026, as renewed uncertainty over shipping through the…

1 month ago

FG spent N1.16trn on fuel subsidy in 2021 ― RMAFC

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has disclosed that the Federal Government spent N1.16 trillion on fuel subsidy…

1 month ago

Oil prices rise as Hormuz talks, Red Sea attacks raise supply concerns

Oil prices rose on Thursday, August 6, 2026, as investors closely monitored ongoing negotiations between Iran and Oman over shipping…

1 month ago

No more fake fuel promises: Tinubu stopped the bleeding, By FESTUS OKUBOR

By FESTUS GOZIEM OKUBOR Let us begin with a number so obscene it should make every Nigerian's blood boil: Four…

1 month ago

Oil prices slip for second day as investors weigh Hormuz flows

Oil prices continued their downward trend on Wednesday, August 5, 2026, as optimism over diplomatic efforts to end the Iran…

1 month ago

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