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NNPC posts N136bn profit as gas production rises in February

Nigeria, April 11 -- Nigeria's crude oil production recorded a decline in February 2026, despite a steady rise in gas output and strong financial performance posted within this period. This is the hi... Read More


BREAKING: Nigeria to cancel passports of citizens who renounce nationality

Nigeria, April 11 -- The federal government has directed the immediate withdrawal and deactivation of Nigerian passports held by individuals who have formally renounced their citizenship. The directi... Read More


Power DisCos miss revenue targets amid efficiency concerns

Nigeria, April 9 -- Nigeria's Electricity Distribution Companies (DisCos) recorded a decline in revenue recovery performance in January 2026, despite stricter loss reduction targets introduced by the ... Read More


Nigeria's oil output rises to 1.7mbpd as pipeline security improves - NNPC

Nigeria, April 9 -- The Nigerian National Petroleum Company Limited (NNPCL) says Nigeria's crude oil production has increased significantly from historic lows recorded in 2022, citing improved pipelin... Read More


Oil prices fall as US, Israel-Iran agree to ceasefire

Nigeria, April 9 -- Global crude oil prices fell sharply on Wednesday following the announcement of a ceasefire agreement between the United States, Israel and Iran, easing concerns over supply disrup... Read More


NNPC exports new crude grade 'Cawthorne' to Netherlands

Nigeria, April 8 -- The Nigerian National Petroleum Company (NNPC) Limited has announced the commencement of exports of a new crude grade, the Cawthorne blend, to the Netherlands. The development mar... Read More


Middle East War: How countries are responding to oil price shock & what Nigeria must do

Nigeria, April 7 -- The ongoing war that the United States and Israel are waging on Iran has sent shockwaves across global energy markets, with far-reaching consequences for economies worldwide. Afri... Read More


Tinubu approves N3.3tn plan to clear power sector debts

Nigeria, April 6 -- President Bola Tinubu has approved a N3.3 trillion payment plan to settle outstanding debts in Nigeria's electricity sector under the Presidential Power Sector Financial Reforms Pr... Read More


Seplat workers suspend strike after fresh talks

Nigeria, April 4 -- Workers at Seplat Energy have suspended the strike action they embarked upon on Friday amid concerns over pay increases. PREMIUM TIMES reported that workers at the oil company's o... Read More


Seplat workers begin indefinite strike over welfare concerns

Nigeria, April 4 -- Workers at Seplat Energy began an indefinite strike on Friday, a move that could disrupt production at a time of rising global oil prices and mounting pressure on Nigeria to boost ... Read More