Energy

The Federal Government has granted Shell Plc and its partners a special production-linked tax credit of $11.50 per barrel for...

Nigeria has maintained its position as the country with the lowest petrol price in West Africa, with an average pump...

The Nigerian National Petroleum Company Limited (NNPCL) has reduced the retail price of petrol at its filling stations to N1,110...

Major petroleum depots in Nigeria have increased the ex-depot price of petrol following a fresh rally in international crude oil...

Seven major OPEC+ producers have decided to raise their collective oil production quotas by 188,000 barrels per day starting in...

Nigeria has aligned with fellow Commonwealth nations to advocate for a $2 trillion trade initiative aimed at boosting economic collaboration,...

Petrol attendants across Nigeria are increasingly manipulating fuel pumps to shortchange consumers, costing the nation millions of liters of Premium...

The Federal Government has implemented a new policy under its “Nigeria First” initiative, restricting NNPCL Tax Credit road contracts valued...

Nigeria’s petrol consumption has plummeted by 28% over the past two years, with daily volumes falling from 68.353 million litres...

Nigeria’s Excess Crude Account (ECA) balance has increased to $535,823.39 as of August 2025, up from $473,754.57 in April, according...