Category : Search result: Nigerian energy sector


$5B Funding for 500,000bpd Nigerian Refinery

In a groundbreaking development for Nigeria's energy sector, a Canadian company has secured $5 billion funding to complete a massive 500,000 barrels per day refinery project, promising to transform the nation's oil and gas landscape.

Australia Offers 3 Hours Free Solar Power Daily

Australia don launch groundbreaking solar initiative wey go provide millions of residents with three hours of free electricity every single day. This revolutionary policy na part of dem commitment to renewable energy.

BP Profit Surges to $2.7B as Oil Prices Soar

British energy giant BP announces staggering $2.7 billion quarterly profit amid soaring oil prices, marking a dramatic turnaround from previous losses and signaling strong market recovery.

Imported Petrol Cheaper Than Dangote Refinery in Nigeria

Nigerian fuel market experiences dramatic shift as imported petroleum products undercut Dangote Refinery prices following President Tinubu's tariff reforms. Discover how this price war is reshaping Nigeria's energy landscape.

BAT Nigeria Leads Private Sector Climate Action Drive

British American Tobacco Nigeria is spearheading Nigeria's energy transition with ambitious solar projects and advocating for stronger private sector leadership in climate initiatives across West Africa.

CSOs Praise FG's 15% Fuel Import Levy

Nigerian civil society organizations are applauding the Federal Government's strategic 15% tariff on imported refined petroleum products, hailing it as a game-changer for local refining capacity and economic growth.

OPEC Poised for Major Oil Production Increase

OPEC+ considers significant oil output hike as energy markets face mounting pressure from supply disruptions and geopolitical tensions. Key decisions expected in upcoming meeting.

FG Pays ₦12B Health Workers Arrears in 72 Hours

Federal Government commits to settling ₦11.995 billion in withheld salaries for doctors and healthcare professionals, promising payment within three days to resolve lingering industrial disputes.

Nigeria Converts Plastic Waste to Diesel Fuel

Groundbreaking Nigerian innovation transforms plastic pollution into valuable diesel fuel, offering dual solution to environmental waste and energy security challenges while creating economic opportunities.

Tinubu imposes 15% tariff on imported fuel

President Tinubu's administration has introduced a 15% import levy on petroleum products, signaling major changes for Nigeria's energy sector and potentially affecting fuel costs across the nation.

Tinubu Cuts Petrol Import Duty to 15%

In a major economic move, President Bola Tinubu has approved a significant reduction of import duty on petroleum products from 35% to just 15%, aiming to ease fuel costs and boost Nigeria's energy sector.

FG Plans Electricity Subsidy for Vulnerable Nigerians

The Federal Government announces strategic electricity subsidy initiative to protect low-income households and vulnerable Nigerians from recent tariff increases while maintaining sector sustainability.

Economic Saboteurs Threaten Dangote Refinery - NAPS

The National Association of Petroleum and Natural Gas Senior Staff calls for immediate federal intervention to protect Africa's largest refinery from economic saboteurs undermining Nigeria's energy independence.

Equinor's $251M Loss: Nigerian Oil Prices Plunge

Norwegian energy giant Equinor reports staggering $251 million quarterly loss as Nigerian crude prices tumble amid global market volatility. Discover how this impacts Africa's largest oil producer.

Nigeria Exports Solar Panels to Ghana

Nigeria achieves groundbreaking milestone in renewable energy sector as Minister of Power Adebayo Adelabu announces successful solar panel exports to Ghana, marking new era of regional energy collaboration.

Court Freezes Nestoil Assets in $1B Debt Case

Federal High Court issues Mareva injunction against Nestoil, freezing company assets amid explosive $1 billion debt case with Sahara Energy. Legal battle reveals corporate financial tensions.

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