Tinubu’s Fiscal Incentives Unlock $20 Billion Bonga Deepwater Investment
President Bola Tinubu has approved a targeted fiscal incentive package to unlock the long-delayed Bonga Southwest Aparo deepwater project, a ...
Tag: Energy Security
Oil Prices Surge Past $100 as Middle East Conflict Threatens Global Supply
Global oil prices have surged above $100 per barrel for the first time in nearly four years, as escalating military ...
Oil Price Surges Past $90
Global oil prices have surged past $90 per barrel for the first time since April 2024, as the escalating conflict ...
Petrol Price Surges Past N900 as Geopolitical Tensions Rattle Global Oil Markets
Petrol prices have risen sharply across Nigeria, placing fresh strain on households and businesses at a moment when inflation had ...
Gas Shortfall Crashes Nigeria’s Power Generation, Deepening Economic Hardship
Nigeria's electricity generation has plummeted to an average of 4,300 megawatts due to severe gas supply constraints, the Nigerian Independent ...
GenCos Warn N6.5 Trillion Debt Threatens Power Sector Collapse
Nigeria's electricity generation companies are now owed approximately N6.5 trillion by the federal government, according to Joy Ogaji, Chief Executive ...
$20bn Bet Pays Off: Dangote Reaches Full Capacity
The $20 billion Dangote Petroleum Refinery has achieved a historic operational milestone, reaching its full nameplate capacity of 650,000 barrels ...
Petroleum Industry Act Slashes Risk Premium for Upstream Investors
Nigeria’s landmark Petroleum Industry Act (PIA) has fundamentally altered the continent’s energy landscape by significantly reducing the risk premium demanded ...
NNPC Eyes Equity Partnership With Chinese Firm
The Nigerian National Petroleum Company (NNPC) Limited has entered advanced negotiations with a major Chinese petrochemical firm to revive its ...
Dangote and NNPC Gas Deals Signal Major Shift in Nigeria’s Industrial Strategy
In a transformative move for Nigeria's industrial and energy landscape, the Nigerian National Petroleum Company (NNPC) Limited and Dangote Industries ...
