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    Nigeria’s petrol import bill falls 96% to ₦87.4bn

    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

    Nigeria’s $1trn economy needs investments, not government spending – Shettima

    June 9, 2026

    Nigeria’s petrol import bill falls 96% to ₦87.4bn

    June 9, 2026

    Itsekiri youths threaten shutdown of Chevron, Renaissance oil facilities

    June 9, 2026

    Nigeria loses five rigs in one month as drilling activity weakens

    June 9, 2026

    CGC Adeniyi strengthens global partnerships at Customs diplomatic reception

    June 9, 2026

    EU imports of Russian Arctic LNG rise 17.9% despite short-term contract ban

    June 9, 2026
    May 2026

    Read the Monthly Edition

    E-book

    Oil

    Nigeria’s petrol import bill falls 96% to ₦87.4bn

    – As local refining gains momentum Precious Anga Lagos — Nigeria’s expenditure on petrol imports plunged by…

    Itsekiri youths threaten shutdown of Chevron, Renaissance oil facilities

    June 9, 2026

    Nigeria loses five rigs in one month as drilling activity weakens

    June 9, 2026

    PTDF, AFIT move to strengthen strategic partnership for capacity development

    June 9, 2026

    Heirs Energies $750m financing named best oil & gas deal of the year

    June 9, 2026

    Gas

    EU imports of Russian Arctic LNG rise 17.9% despite short-term contract ban

    Gas access, not reserves, now Nigeria’s energy challenge — Ekpo

    Gas

    EU imports of Russian Arctic LNG rise 17.9% despite short-term contract ban

    Gas access, not reserves, now Nigeria’s energy challenge — Ekpo

    Methane: Nigeria’s untapped alternative to expensive LPG

    Power

    Schneider Electric introduces new Uniflair XCA Chiller Line

    Uniflair XCA includes six new sizes of oil-free centrifugal chillers, ranging from 1,300 kW to 2,500 kW…

    Schneider Electric introduces next-generation BlokSeT switchboard

    June 8, 2026

    NERC orders compensation for band A customers affected by power supply disruptions

    June 7, 2026

    Power push takes centre stage as Akwa Ibom targets energy stability

    June 5, 2026

    Obi targets 10,000MW power boost, backs business-led growth

    June 5, 2026

    Renewable Energy

    Austria to reach 11TWh solar power generation target well before 2030

    Lagos — Austria’s solar PV market has recently seen a rapid expansion in capacity. In 2023, the…

    Norway pushes Nigerian firms to ditch diesel for solar power

    June 7, 2026

    Nigerians can now earn from solar energy

    June 4, 2026

    Global race for mega solar farms gathers pace as energy shift deepens

    June 3, 2026

    Scientists eye vast underground hydrogen as future clean energy source

    June 3, 2026

    Finance

    Nigeria’s $1trn economy needs investments, not government spending – Shettima

    Mkpoikana Udoma Port Harcourt — Vice President Kashim Shettima has declared that Nigeria’s ambition to build a $1…

    CBN launch Nigeria Payments System Vision to deepen inclusion

    June 4, 2026

    World Bank warns oil shocks threaten economies

    June 3, 2026

    CBN targets 95% financial inclusion with new payments vision

    June 2, 2026

    Nigeria reaffirms push for Africa Energy Bank funding at APPO meeting

    June 2, 2026
    June 3, 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

    Illegal mining bleeds Nigeria as foreign syndicates tighten grip

    FG targets illegal mining revenue losses, backs marshals

    15 Chinese nationals, others arraigned over illegal lithium mining

    Illegal mining: Court orders final forfeiture of site, trucks, lithium stones to FG

    Community Development

    NNPC enhances diagnostic healthcare capacity, donates MRI machine to Dala Orthopaedic Hospital

    Freight

    CGC Adeniyi strengthens global partnerships at Customs diplomatic reception

    Customs, stakeholders close ranks against smuggling in Ondo/Ekiti

    Abia targets new maritime trade hub with Azumini seaport

    Ibom deep sea port moves closer to investment stage

    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

    NCDMB targets manufacturing, R&D gaps to boost local content

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