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    ‘Oil theft declines as Nigeria strengthens asset security’

    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

    Methane: Nigeria’s untapped alternative to expensive LPG

    June 8, 2026

    YEAC-Nigeria links ocean crisis to Niger Delta pollution surge

    June 8, 2026

    ‘Oil theft declines as Nigeria strengthens asset security’

    June 8, 2026

    Abia targets new maritime trade hub with Azumini seaport

    June 8, 2026

    PTDF, Air Force Institute deepen partnership on energy skills

    June 8, 2026

    NUPRC, Nuclear Agency move to cut oil industry costs

    June 8, 2026
    May 2026

    Read the Monthly Edition

    E-book

    Oil

    ‘Oil theft declines as Nigeria strengthens asset security’

    Mkpoikana Udoma Port Harcourt — Nigeria has recorded a significant reduction in oil theft and pipeline vandalism…

    NUPRC, Nuclear Agency move to cut oil industry costs

    June 8, 2026

    Nigeria expands oil production capacity while meeting OPEC quota

    June 8, 2026

    OPEC+ approves fourth oil output quota hike since Hormuz closure

    June 8, 2026

    Navy intercepts 92,660 litres of illegal diesel in Rivers operation

    June 7, 2026

    Gas

    Methane: Nigeria’s untapped alternative to expensive LPG

    Ekpo pushes faster gas access to drive Nigeria’s growth

    Gas

    Methane: Nigeria’s untapped alternative to expensive LPG

    Ekpo pushes faster gas access to drive Nigeria’s growth

    NUPRC seeks financing boost for gas investments, domestic expansion

    Power

    Schneider Electric introduces next-generation BlokSeT switchboard

    Lagos — Schneider Electric, a global energy technology leader, has announced the availability of its next-generation BlokSeT low-voltage…

    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

    TCN battles outage after attack on six transmission towers

    June 4, 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

    CBN launch Nigeria Payments System Vision to deepen inclusion

    – Strengthen cross-border payments Oritsegbubemi Omatseyin Lagos — The Central Bank of Nigeria, CBN, has unveiled the…

    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

    AfDB expects Africa’s economic growth to slow to 4.2%

    May 27, 2026
    June 3, 2026

    Read the Weekly Edition

    Labour

    PTDF, Air Force Institute deepen partnership on energy skills

    TotalEnergies launches 2026 employee share offering

    Capital increase reserved for employees of TotalEnergies in 2026

    Nigeria’s power sector still stagnant 12 years after privatisation — Ajaero

    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

    Niger Delta agitators seek probe over alleged ₦257bn amnesty fund diversion

    Freight

    Abia targets new maritime trade hub with Azumini seaport

    Ibom deep sea port moves closer to investment stage

    Agge Deep Seaport set to unlock jobs, investment in Niger Delta

    Baker Hughes’ fuel flexible NovaLT™16 Gas Turbine certified for marine propulsion

    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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