Energy
The Dangote refinery, completed in 2023, has been ranked higher than European refineries, and there are expectations that it will meet all of Nigeria's energy needs.
As a result of the efforts of Newcross Exploration and Production Ltd. and the NNPC, production at the Awoba unit field in Port Harcourt, Rivers state, has resumed.
Numerous Nigerian filling stations were shut on Wednesday as a result of fuel scarcity as huge queues resurfaced at the few locations that sold Premium Motor Spirit.
Oil marketers have dashed the hopes of Nigerians who anticipated buying diesel below N1,000 at filling stations after Dangote refinery crashed price.
The Nigerian government has expressed the desire to sell four electricity distribution companies under the management of banks and AMCON and also unbundle others.
Tinuade Sanda, who was recently removed from her role as CEO of Eko Disco, has now been terminated from her position at the parent company, West Power & Gas (WPG).
Diesel is still marketed for between N1300 and N1,450 nationally even after the Dangote Petroleum Refinery recently announced a N1000 per litre price drop.
Latest data from the National Bureau of Statistics shows that the average price of cooking gas increased again with 10 states recording the highest prices.
The Nigerian government has announced the addition of more crude oil reserves of about 1.087 billion barrels and gas reserves of 2.574 trillion cubic feet.
Energy
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