Tag: #NigeriaEnergy
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NNPC POSTS N60.5TRN REVENUE, N5.7TRN PROFIT IN 2025
Despite operational hiccups, Nigeria’s oil giant stays profitable. The Nigerian National Petroleum Company Limited has announced N60.5 trillion in revenue and N5.76 trillion profit after tax for 2025, according to its December report. Average crude oil output was 1.54 million barrels per day, while natural gas production averaged 6,914 mmscfd, peaking mid-year at over 7,500…
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NIGERIA SAVES ₦6TN IN FUEL IMPORTS AMID DOWNSTREAM REFORMS
Bold economic moves and deregulation are reshaping Nigeria’s fuel sector. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says full downstream deregulation and forex reforms have saved Nigeria over ₦6 trillion in fuel import losses in the first nine months of 2025. Speaking at the Nigeria International Energy Summit (NIES) 2026 in Abuja, NMDPRA…
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FG PUSHES PERFORMANCE-DRIVEN LOCAL CONTENT FOR AFRICA’S GAS BOOM
From box-ticking to real industrial power — Nigeria wants local content that delivers jobs, tech and global competitiveness. The Federal Government is calling for a major rethink of Africa’s local content strategy, urging a shift from compliance-based rules to performance-driven frameworks that can truly power industrial growth in the gas sector. Speaking at the 2026…
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COURT ADJOURNS DANGOTE PETROLEUM REFINERY’S SUIT AGAINST NNPCL OVER OIL IMPORT LICENCE DISPUTE TO NOVEMBER 5
The Federal High Court in Abuja has adjourned the hearing of a lawsuit filed by Dangote Petroleum Refinery and Petrochemicals FZE against Nigeria National Petroleum Company Limited (NNPCL) and others concerning oil import licences. The hearing, initially scheduled for Wednesday, was postponed due to the presiding judge Justice Mohammed Umar’s absence, as he was sitting…
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LPG USERS, RETAILERS URGE FG TO ENSURE STEADY SUPPLY AND PRICE STABILITY
Consumers and retailers of Liquefied Petroleum Gas (LPG), or cooking gas, are calling on the Federal Government to secure consistent availability and stable prices following recent hikes linked to the Dangote Refinery strike. Speaking to NAN in Abuja, users acknowledged that queues and shortages are easing but stressed government action is needed to fully restore…
