Energy and natural resources

Atiku Challenges Lokpobiri’s Fuel Price Comparison, Says Wages Tell A Different Story

adminSeptember 23, 2026

Atiku Abubakar has challenged the comparison drawn by the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, between petrol prices in Nigeria and the United States, arguing that pump prices alone do not show how affordable fuel is to citizens. The former Vice President, through his media aide, Paul Ibe, said the assessment failed...

Lokpobiri Defends Deregulation, Says Nigeria Still Has Cheaper Petrol Than US, Ghana

adminSeptember 23, 2026

The Federal Government has ruled out a return to petrol subsidy, with Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, insisting that deregulation remains central to attracting private investment into Nigeria’s oil and gas industry. Speaking on Channels Television on Tuesday, Lokpobiri said the government could not arbitrarily determine the pump price of petrol...

Nigeria’s Solar Market Expands as Power Crisis Drives Private Investment

adminSeptember 22, 2026

Nigeria’s electricity challenges are creating a growing market for solar power, with businesses, households and communities increasingly investing in alternative energy systems to reduce their dependence on the national grid and petrol and diesel generators. The Insight Lens Project, in an analysis of the country’s emerging solar economy, reported that the sector could unlock billions...

Malami Challenges Mambilla Tribunal’s Corruption Allegation, Denies Personal Gain

adminSeptember 22, 2026

Former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, has rejected allegations that he was involved in a corrupt arrangement with Sunrise Power promoter, Leno Adesanya, over the controversial Mambilla Hydroelectric Power Project. According to New Daily Prime, Malami, in a statement issued by his media aide, Mohammed Bello Doka, on Tuesday,...

N16.2trn Bank Credit To Oil Sector Raises A’Ibom Accountability Concerns

adminSeptember 22, 2026

Concerns over the N16.2 trillion credit extended by Nigerian banks to the oil and gas sector in the first quarter of 2026 dominated discussions on Tuesday as stakeholders demanded greater accountability from financial institutions financing extractive activities in Akwa Ibom. The sector accounted for 24.1 per cent of total bank lending during the period, making...

Petrol Prices Approach N1,500 As Oil Rally Drives Fresh Pump Price Increases

adminSeptember 16, 2026

Motorists in parts of Nigeria are paying higher prices for petrol as pump rates move towards N1,500 per litre, adding to the cost of transportation and daily business operations. The current increases are being recorded amid renewed pressure in the international oil market, with crude prices now trading above $100 per barrel. The development is...

Electricity Access: Firm Invests $5m on Mini-Grid in Nigeria

adminSeptember 15, 2026

As part of its efforts to bridge the electricity Access gap in Nigeria, a renewable energy firm, All On has invested USD5 Million in the ongoing PowerGen Renewable Energy Nigeria Limited (PowerGen). PowerGen, a leading renewable energy platform across Africa, with offices in four countries of Kenya, Nigeria, Sierra Leone and DRC, operates renewable energy...

Akwa Ibom Moves To Unlock 20-Year Power Transmission Project

adminSeptember 10, 2026

Akwa Ibom State Government has pledged to intervene in unresolved community and compensation issues that have kept the 330kV National Integrated Power Project (NIPP) Lot 18 transmission line unfinished for about two decades. The commitment, according to Governor Umo Eno, is driven by the potential of the Ikot Ekpe-Ikot Abasi transmission project to strengthen electricity...

Dangote Refinery Targets Global Refining Supremacy With 2028 Expansion Plan

adminSeptember 7, 2026

Dangote Group is setting its sights beyond Africa’s refining market, with its Lagos-based petroleum refinery projected to emerge as the world’s largest by 2028. The ambitious target was disclosed by the group’s President and Chief Executive Officer, Aliko Dangote, on Monday at the preliminary signing ceremony for the proposed initial public offering of Dangote Petroleum...