NNPC in Talks with Chinese Firm for Refinery Investment
Nigeria's NNPC confirms discussions with a major Chinese petrochemical company for potential equity partnership to revitalize state-owned refineries through operational expertise.
Category : Energy Power
Dangote: Petrol Could Hit N1,000/Litre with Coastal Evacuation
Dangote Petroleum Refinery warns that petrol prices could approach N1,000 per litre if Nigeria continues relying on coastal fuel evacuation methods, citing N75 per litre additional costs.
FG Blames DisCos for Slow Meter Distribution, Shares Numbers
The Nigerian government has disclosed that only about 200,000 smart meters have been installed under the DISREP program, blaming electricity distribution companies for slow deployment despite receiving hundreds of thousands of units.
GenCos Reject FG's Electricity Subsidy Sharing Plan
Power generation companies have criticized the federal government's proposal to share electricity subsidy costs across all tiers of government, warning it could worsen sector liquidity issues.
FG, World Bank Launch $500M Power Sector Intervention
The Federal Government and World Bank have unveiled a $500 million Distribution Sector Recovery Programme targeting DisCos nationwide to reduce losses, close metering gaps, and eliminate estimated billing.
PETROAN Criticises NNPC Boss Over Refinery Comments
PETROAN condemns NNPC GCEO's comments on Port Harcourt Refinery, demands accountability for $1.5 billion rehabilitation funds, and warns against relying on private refineries.
NNPC in Talks with Chinese Company to Revive Refineries
Nigeria's NNPC is in advanced discussions with a Chinese petrochemical company and other investors to revive its four non-operational refineries through equity partnerships.
Electricity Workers Threaten Strike, Risk Nationwide Blackout
Electricity workers under NUEE and SSAEAC threaten nationwide strike over salary demands, risking blackout. Power Minister Adelabu urges realism amid revenue constraints.
Political Pressure Kept NNPC Refineries Running at Losses
NNPC GCEO Bayo Ojulari disclosed at NIES 2026 that political demands forced state refineries to operate despite internal reviews showing unsustainable losses and low efficiency.
Private Depots Undercut Dangote with Lower Petrol Prices
Private depot owners across Nigeria are implementing strategic price reductions on petrol to attract customers away from Dangote Refinery, sparking renewed competition in the fuel market.
African Energy Bank HQ Handed Over in Abuja, Launch Set for June
Nigeria has officially handed over the African Energy Bank headquarters in Abuja, with operations scheduled to commence by June 2026. The bank aims to mobilize capital for energy projects across Africa.
Fuel Prices Stay High Despite Crude Oil Drop in Nigeria
Petrol and diesel prices remain elevated across Nigerian depots despite a 5% decline in international crude oil prices, with supply constraints driving local market dynamics.
African Energy Bank Targets $10bn for Nigeria, Angola, Libya
The newly established African Energy Bank aims to mobilize $10 billion for strategic energy projects across Africa, with initial focus on Nigeria, Angola, and Libya to unlock stalled developments.
Fuel Prices Drop 11.81%: Cheapest States in Nigeria
Nigerian petrol prices fell significantly in December 2025, with Oyo State emerging as the cheapest location for fuel purchases according to NBS data.
Fuel Scarcity Looms in Nigeria as Marketers Warn of Supply Issues
Petrol marketers warn Nigerians to prepare for irregular fuel supply due to rising import costs, heavy bank debts, and global oil price pressures that threaten to push pump prices higher.
FG Orders States to Share Electricity Subsidy Burden
The Federal Government has directed state governments to begin sharing electricity subsidy costs through the Power Assistance Consumers Fund, replacing blanket subsidies with targeted support.
FG to Share Electricity Subsidy with States, LGs from 2026
The Federal Government plans to end its solo funding of electricity subsidies, introducing a cost-sharing framework with state and local governments starting in 2026 to enhance transparency and sector stability.
Cooking Gas Prices Crash in Nigeria: 10 Cheapest States Revealed
Latest NBS data shows significant drop in cooking gas prices across Nigeria in December 2025, with Katsina emerging as the cheapest state for both 5kg and 12.5kg cylinders.
Four-Day Power Outage in Ondo for TCN Maintenance
The Transmission Company of Nigeria has scheduled a four-day preventive maintenance exercise at the Ife/Ondo Transmission Substation, causing temporary power outages in parts of Ondo State from February 2-5, 2026.
NiMet Predicts 3-Day Thunderstorms Across Nigeria
The Nigerian Meteorological Agency forecasts thunderstorms and rainfall across central and southern regions from Tuesday to Thursday, advising residents to take precautions.
Dangote Group Signs Gas Supply Deals with NNPC
Dangote Industries Limited has signed expanded gas supply agreements with NNPC to power its refinery, cement, and fertiliser plants, supporting cleaner energy and production growth.
Fatgbems Opens Opic Mega Station, Expands Energy Retail Footprint
Fatgbems Group has commissioned a state-of-the-art mega station in Opic, Ogun State, marking a significant expansion in Nigeria's energy retail sector with job creation and community development.
Marketers Sell Petrol Below Dangote, NNPC Rates
Independent petroleum marketers and private depots are selling petrol below Dangote Refinery's N799 ex-gantry price and NNPC's increased rates, offering competitive alternatives to consumers.
Petrol Price May Increase by N200 per Liter as Crude Oil Rises
Nigerians may face another N200 per liter increase in petrol prices following a surge in global crude oil prices above $70 per barrel, with industry experts warning of potential N1,000 per liter rates.
Clean Cooking: Nigeria's Scalable Climate Investment Path
BURN positions clean cooking as Nigeria's fastest climate solution with health and economic benefits. New carbon policies boost investor confidence while local manufacturing scales access.
Expert Strategy to End Nigeria's Power Blackouts
Energy expert outlines comprehensive strategy including metering, grid expansion and infrastructure upgrades to address Nigeria's recurring national grid collapses and achieve stable power supply.
Nigerians to Pay for 'Free' Meters via Tariffs, BPE Explains
The Bureau of Public Enterprises clarifies that while prepaid meters are installed at no upfront cost, consumers ultimately pay through electricity tariffs, amid disputes with DisCos over funding.
Dangote Refinery Reopens Gantry After Price Shock
Dangote Refinery has resumed petrol loading operations following a brief suspension due to a price increase, forcing marketers to reconcile accounts as ex-depot rates rise by ₦100 per litre.
Experts Chart Path to Clean Energy Cooking in Nigeria
Industry leaders and policymakers gathered in Lagos to discuss strategies for accelerating Nigeria's transition to clean cooking solutions, with BURN Manufacturing leading the charge through carbon finance and local production.
NNPC Increases Petrol Prices Across Nigeria After Dangote Hike
The Nigerian National Petroleum Company Limited has adjusted petrol pump prices at its retail outlets nationwide, with Lagos now at N840 per litre and Abuja at N875 per litre.
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