The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced that it is shutting down the Port Harcourt Refining Company (PHRC) for a planned maintenance exercise, starting from May 24, …
Energy
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- BusinessEconomyEnergyEventsGOVERNMENTSecuritySouth Africa
South Africa Launches SANPC to Bolster National Energy Security
The South African National Petroleum Company (SANPC) was officially launched on May 23, 2025, in Johannesburg, signaling a new era for the country’s energy sector. President Cyril Ramaphosa, alongside Minister …
- BusinessDangote IndustriesEconomyInfrastructureManufacturingNigeriaOil & Gas
Dangote Plans Massive Fertiliser, Coal, and Oil Export, Eyes $7m Daily Revenue
The President of Dangote Industries Limited (DIL), Aliko Dangote, has said that his company is preparing to begin massive exportation of fertiliser, coal, polypropylene, and refined petroleum products in the …
- EconomyEnergyInfrastructureINVESTMENTNatural ResourcesNigeriaPolicies
Nigeria’s Gas Wealth and the Promise of MDGIF: Turning Potential into Prosperity
With over 206 trillion cubic feet of natural gas, Nigeria holds one of the largest gas reserves in the world, yet decades of underutilisation have kept this abundant resource from …
- Banking, Finance & InvestmentEconomyINVESTMENTMarketsNigeriaOil & Gas
Nigerian Stock Market Gains 64% in One Year Amid Investor Confidence and Strong Corporate Results
The Nigerian stock market has recorded a major gain of 64.11 per cent from July 2023 to June 2024, as the All-Share Index of the Nigerian Exchange Limited (NGX) rose …
- EconomyEnergyINVESTMENTMarketsNigeriaPolicies
NGX Ends Bullish Streak as Investors Lose N202 Billion After CBN Holds Interest Rate
The Nigerian Exchange Limited (NGX) closed last week on a bearish note, breaking its four-week bullish streak, as investors’ wealth declined by N202 billion. This downturn followed the Central Bank …
- BusinessDangote IndustriesEconomyEnergyInfrastructureOil & Gas
Port Harcourt Refinery Shutdown Sparks Reactions from Marketers and Industry Groups
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the shutdown of the Port Harcourt Refining Company by the Nigerian National Petroleum Company Limited (NNPC) is not a major …
- DevelopmentEducationNigeriaOil & GasTechnology
NNPC/FIRST E&P JV Trains 180 Teachers, Distributes 200 Digital Devices to Boost Education in Niger Delta
In a move to improve digital learning in the Niger Delta, the NNPC Limited and FIRST Exploration & Petroleum Development Company (FIRST E&P) Joint Venture, in collaboration with the Nigerian …
- DevelopmentEnergyEnvironmentGOVERNMENTNigeriaOil & Gas
NEITI Launches Framework to Improve Transparency and Climate Accountability in Nigeria’s Extractive Sector
The Nigeria Extractive Industries Transparency Initiative (NEITI) has introduced a new Energy Transition and Climate Accountability Framework. This new move is aimed at helping Nigeria manage its oil, gas, and …
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NAF Destroys Over 100 Illegal Refining Sites in Niger Delta in Fresh Crackdown on Oil Theft
The Nigerian Air Force (NAF) has destroyed more than 100 illegal crude oil refining sites in the Niger Delta region between January and May 2025. This action is part of …