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    Navy uncovers hidden 17,000-litre crude oil theft hub in Delta

    OPEC DAILY BASKET

    No changes to oil production policy expected at OPEC+ meeting

    London – OPEC+ isn’t planning to make any changes to oil production policy at next week’s monitoring meeting, several delegates from the group…

    OPEC daily basket price closes at $89.75 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $89.75 a barrel on Thursday, compared with $88.20 the previous…

    OPEC daily basket price closes at $84.62 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $84.62 a barrel on Wednesday, compared with $83.30 the previous…

    OPEC daily basket price closes at $76.90 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $76.90 a barrel on Wednesday, compared with $82.07 the previous…

    OPEC daily basket price closes at $79.77 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $79.77 a barrel on Tuesday, compared with $83.16 the previous…

    OPEC daily basket price closes at $83.16 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $83.16 a barrel on Monday, compared with $83.97 the previous…

    OPEC daily basket price closes at $79.93 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $79.93 a barrel on Monday, compared with $83.80 the previous…

    OPEC daily basket price closes at $91.32 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $91.32 a barrel on Thursday, compared with $93.22 the previous…

    OPEC daily basket price closes at $93.22 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $93.22 a barrel on Wednesday, compared with $95.99 the previous…

    OPEC daily basket price closes at $97.32 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $97.32 a barrel on Monday, compared with $96.15 the previous…

    OPEC daily basket price closes at $96.15 per barrel

    Vienna, Austria — The price of OPEC basket of thirteen crudes stood at $96.15 a barrel on Friday, compared with $93.51 the previous…

    Latest News

    Navy uncovers hidden 17,000-litre crude oil theft hub in Delta

    June 17, 2026

    Heirs Energies launches green corridor project to boost climate resilience in Rivers

    June 17, 2026

    Cooking gas prices could drop below ₦1,100/kg if reforms succeed

    June 17, 2026

    Oil pollution, flooding threaten Nigeria’s sustainability goals

    June 17, 2026

    Nigeria, TotalEnergies deepen partnership to advance Africa’s energy future

    June 17, 2026

    Oil resumption: MOSOP backs ONSA-led Ogoni dialogue

    June 17, 2026
    June 2026

    Read the Monthly Edition

    E-book

    Oil

    Navy uncovers hidden 17,000-litre crude oil theft hub in Delta

    Precious Anga Lagos — The Nigerian Navy has uncovered a concealed illegal crude oil storage facility in…

    Nigeria, TotalEnergies deepen partnership to advance Africa’s energy future

    June 17, 2026

    Oil resumption: MOSOP backs ONSA-led Ogoni dialogue

    June 17, 2026

    NUPRC attributes rise in Nigeria’s oil production to ‘sustained positive momentum’

    June 16, 2026

    Oil drops about 4% to three-month low as markets weigh US-Iran deal

    June 16, 2026

    Gas

    Cooking gas prices could drop below ₦1,100/kg if reforms succeed

    Nigeria’s gas output climbs to 7.93bcf/d as domestic demand strengthens — NUPRC

    Gas

    Cooking gas prices could drop below ₦1,100/kg if reforms succeed

    Nigeria’s gas output climbs to 7.93bcf/d as domestic demand strengthens — NUPRC

    FG races to avert cooking gas crisis, orders fresh LPG imports

    Power

    Nigeria joins Africa’s power surge as Mission 300 lights up 50 million lives

    Lagos — Nigeria has emerged as one of the biggest beneficiaries of Mission 300, the continent’s flagship…

    Taiwanese companies to advance geothermal development

    June 17, 2026

    New Power Minister meets heads of agencies, parastatals under Ministry

    June 17, 2026

    Aso Rock dumps national grid over ₦47bn annual power bill

    June 15, 2026

    Mambilla power fraud: Witness explains FEC document certification dispute

    June 14, 2026

    Renewable Energy

    Heirs Energies launches green corridor project to boost climate resilience in Rivers

    Precious Anga Lagos — Heirs Energies has launched the Agbada Green Corridor Initiative, a large-scale tree-planting programme…

    ‘Nigeria’s green transition could unlock 10.5 million jobs by 2050’

    June 17, 2026

    New green building framework aims to reshape Nigeria’s construction sector

    June 15, 2026

    ECOWAS pushes renewable energy drive to electrify rural communities

    June 15, 2026

    Cross River dumps petrol, rolls out 100 electric vehicles

    June 14, 2026

    Finance

    CBN launches NOFR to deepen markets, boost investor confidence

    Mkpoikana Udoma Port Harcourt — The Central Bank of Nigeria, CBN, has launched the Nigerian Overnight Financing…

    Angola’s state oil firm secures $2.65bn financing from foreign lenders

    June 16, 2026

    AFC backs $7bn Dangote Fertiliser expansion

    June 15, 2026

    Nigeria’s company tax revenue drops 31% despite mining strength

    June 15, 2026

    Obi queries Tinubu’s borrowing spree despite revenue doubling

    June 14, 2026
    June 17, 2026

    Read the Weekly Edition

    Labour

    Nigeria, World Bank strengthen partnership to build capacity of institutional workforce

    PTDF, Air Force Institute deepen partnership on energy skills

    TotalEnergies launches 2026 employee share offering

    Capital increase reserved for employees of TotalEnergies in 2026

    Niger-Delta Question

    How Nigeria’s refinery deals keep failing while questionable partnerships emerge

    Solid Mineral

    Niger cracks down on illegal mining, shuts six processing sites

    EFCC uncovers N4.4bn gold smuggling ring in Kano

    FG launches EMERGE to accelerate mining investment, mineral processing

    WSP in Africa positions integrated mining capability for W/Africa’s next growth phase

    Community Development

    ‘People of the South-South region expect impact, not excuses’ – Nwuche

    Freight

    Africa’s ocean economy hits $20m milestone

    Customs, Police deepen collaboration on national security

    World Bank lists Tincan, Apapa ports on global top 20 improved ports

    Resurgent piracy and grey-zone pressure reshape maritime risk

    Technology

    Automated driving to improve traffic safety and energy efficiency

    Focus

    Automated driving to improve traffic safety and energy efficiency

    Nigeria, South Korea seal deal to manufacture electric vehicles locally

    Wärtsilä introduces next-generation engine

    ‘Mining, geosciences key to Nigeria’s economic diversification’

    Nigerian Content Initiative

    Ghana petroleum seeks Nigeria’s local content model as progress hits 61%

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