Energy

Petrol price rises to N1,330/litre in Lagos, N1,370 in Abuja

Petrol prices in Nigeria have further risen to record levels, eliciting fears of inflation as the conflict in the Middle East rages...

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Petrol import bill dropped by 28% to $10bn in 2025….CBN

Nigeria’s petrol import bill dropped to $10 billion in 2025, according to Central Bank of Nigeria (CBN) data. In its 2025 balance...

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Nigeria spends N9trn on petrol imports, Despite huge oil wealth

Nigeria’s dependence on imported petrol persisted in 2025, with oil marketers spending N8.96tn on Premium Mo- tor Spirit imports between January and...

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Reps Warns Nigeria May Face Petrol Scarcity In 48 Hours, Blames Supply Crisis

Nigeria may face acute fuel shortages within the next 48 hours if urgent steps are not taken to address mounting supply challenges,...

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Nigeria With 39.6% Leads Countries With Highest Petrol Price Hike—Survey

Since Middle East conflict BY BONNY AMADI With Agency Report Africa’s top crude oil producer, Nigeria has recorded the sharpest increase in...

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$13B in African Power Investment Is Waiting – Proven Sponsors Can Deliver

Africa’s power sector is drawing growing global capital attention, with investment reaching an estimated $13.84 billion in 2025 across energy deals –...