Energy

Middle East war: FG orders marketers to reduce petrol prices

The Federal Government has directed petroleum marketers to immediately reflect the recent decline in global oil prices by reducing the…

3 months ago

Oil prices rise as fresh US-Iran strikes renew fears over Hormuz shipping

Oil prices edged higher on Monday, June 29, 2026, after renewed exchanges of strikes between the United States and Iran…

3 months ago

Oil prices drop amid resumption of Hormuz shipments

Oil prices sank 2% on Friday and were headed for steep ‌weekly losses amid easing supply concerns as more stranded…

3 months ago

Dangote refinery reduces petrol gantry price

Dangote Petroleum Refinery has announced a further reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as…

3 months ago

Oil prices fall to lowest level since US-Iran war began

Oil prices extended their losses on Thursday, June 25, 2026, falling to levels close to those recorded before the outbreak…

3 months ago

Oil prices near four month-low amid crude flows via Hormuz

Oil prices fell more than 1% ​on Wednesday, June 24, 2026, extending this week's losses to trade near four-month lows…

3 months ago

Nigeria’s gross gas output rises to 7.63bn

Nigeria’s gross gas production has risen to 7.63 billion standard cubic feet per day from about 6.83 billion standard cubic…

3 months ago

Oil prices slip as investors target Hormuz flows after US-Iran peace talks

Oil prices fell more than 1% on Tuesday, June 23, 2026, on signs of some progress ​in restoring crude flows…

3 months ago

FG orders clampdown on cooking gas hoarding, diversion over price hike

The Federal Government has ordered a clampdown on marketers engaged in hoarding or diversion of Liquefied Petroleum Gas (LPG), otherwise…

3 months ago

Oil prices fall as US, Iran end talks in Switzerland

Oil prices fell on Monday, June 22, 2026, after United States-Iran talks concluded ​in Switzerland with Tehran saying it had…

3 months ago

This website uses cookies.