Energy Sector
NNPCL Records ₦7.2 Trillion Profit as Oil Production and Financial Performance Improve
The Nigerian National Petroleum Company Limited (NNPCL) recorded a profit after tax of ₦7.2 trillion in 2025, strengthening its financial performance despite lower...
Nigeria’s Power Plants Utilised 86% of Available Capacity in August
Nigeria’s grid-connected power plants operated at an average of 86 per cent of their available generation capacity in August 2026, according to the...
Ardova-Led Consortium to Acquire 100% of Powergas in Major CNG Expansion
Ardova Plc-led consortium, alongside Diadem Energy, has agreed to acquire 100 per cent of Powergas Global Investments Nigeria Limited and Powergas Ebedei Limited,...
Tinubu: $800m Ima Gas Project Signals Success of Economic Reforms
President Bola Tinubu has said the $800 million Ima Gas Project demonstrates that his administration’s economic and investment reforms are beginning to attract...
Nigeria’s Gas Flaring Rate Climbs to 7.48% in August
Nigeria’s gas flaring rate increased to 7.48 per cent in August 2026, reversing several months of improvement and reaching its highest level in...
Diesel Imports Near 245m Litres as Modular Refineries Struggle to Boost Output
By Benson Daniel Nigeria imported 244.9 million litres of diesel in July 2026 as modular refineries continued to contribute only a small share...
OB3 Pipeline Ready for First Gas as AKK Project Reaches 95%
By Benson Daniel The Obiafu Obrikom Oben gas pipeline is ready for first gas, while construction of the Ajaokuta Kaduna Kano pipeline has...
Domestic Cooking Gas Supply Climbs to 5,332 Tonnes Daily as NLNG/SEPNU Leads
By Benson Daniel Nigeria’s domestic cooking gas supply rose to 5,332 tonnes per day in July 2026, marking the highest level recorded over...
