Renaissance signs 16-year gas deal with Indorama to fuel fertiliser output
Renaissance Africa Energy Company Limited agreed to supply natural gas to Indorama Fertiliser FZE for 16 years, locking in feedstock for one of Nigeria’s largest fertiliser producers as the country pushes to expand domestic gas use. The Gas Sale…
Nigerians Spend ₦5.43trn on Petrol in Q1 2026
Nigerians spent at least ₦5.43 trillion on petrol in Q1 2026, according to analysis of data from the NMDPRA and the National Bureau of Statistics (NBS). The figure covers 4.88 billion litres of PMS consumed between January and March, supplied by both the…
NNPC Signs MoU for Restart, Expansion of Warri, PH Refineries
By Saidu Abubakar The NNPC Ltd has signed a Memorandum of Understanding (MoU) with two Chinese companies, Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd, for collaboration through a potential…
76 Oil Wells Issue: Gov Eno Says No Cause For Alarm
….No Political Solution Can Overturn NSC Judgement By Patrick Titus, Uyo The Akwa Ibom State Governor, Pastor Umo Eno has called on the indigenes of the state to remain calm on the 76 Oil Wells Issue as the two valid judgments of the Supreme Court of…
NNPC declares N60.5trn 2025 revenue, remits N14.7trn to federation coffers
The Nigerian National Petroleum Company Limited (NNPC Ltd) has disclosed that it remitted N14.706 trillion in statutory payments to the Federal Government. This is according to its December 2025 Monthly Report Summary. The figures highlighted the…
Nigeria in darkness as National Grid Collapses for First Time in 2026
Nigeria’s national electricity grid collapsed on Friday, throwing several parts of the country into blackout in the first system failure recorded in 2026. Data from the Nigerian Independent System Operator (NISO) showed that power generation dropped to…
Nigeria misses OPEC quota for 5th consecutive month
Nigeria has yet again missed its Organisation of Petroleum Exporting Countries (OPEC) quota for the fifth consecutive month, latest data from the global oil cartel has shown. The fall in OPEC-assigned production quota for the fifth consecutive month…
Fuel Price War Turns Brutal as Petrol Sinks Below Dangote Benchmark
Nigeria’s petrol market has entered a brutal price war as retail outlets slash pump prices below Dangote’s N739 benchmark, triggering losses for importers, frantic undercutting among stations, and a fierce scramble for motorists Petrol Prices Collapse…
PRESS STATEMENT: KADUNA ELECTRIC’s ‘ACCRUED DEBTS’
*On the Unlawful Imposition of “Accrued Debts” on Kaduna Electric Customers By Engr. Akin Nigeria is witnessing a dangerous and unacceptable abuse of consumer rights in the electricity sector, and Kaduna Electric has now taken this abuse to a new and…
Former EFCC boss, unveils explosive book on Nigeria’s fuel subsidy fraud
Abdulrasheed Bawa, the former chairman of the Economic and Financial Crimes Commission (EFCC), has released a groundbreaking new book titled ‘The Shadow of Loot & Losses: Uncovering Nigeria’s Petroleum Subsidy Fraud’. This powerful exposé…