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    Power push takes centre stage as Akwa Ibom targets energy stability

    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

    Weak governance, not oil wealth, holds back Niger Delta – Ajumogobia

    June 5, 2026

    Jet fuel volatility exposes Nigerian airlines to rising operating costs

    June 5, 2026

    Ogun community seeks urgent action over alleged water pollution

    June 5, 2026

    PTDF trains energy researchers on catalysis driving future fuels

    June 5, 2026

    FG targets illegal mining revenue losses, backs marshals

    June 5, 2026

    Power push takes centre stage as Akwa Ibom targets energy stability

    June 5, 2026
    May 2026

    Read the Monthly Edition

    E-book

    Oil

    Jet fuel volatility exposes Nigerian airlines to rising operating costs

    Precious Anga Lagos — The International Air Transport Association (IATA) has warned that escalating jet fuel price…

    CRP Subsea strengthens hydrostatic testing capability with new pressure vessel investment

    June 5, 2026

    Nigeria opens 2026 oil block auction as investor interest surges

    June 4, 2026

    Fuel subsidy removal saved Nigeria from bankruptcy – President Tinubu

    June 4, 2026

    HYPREP declares Ogoni free of illegal refineries

    June 3, 2026

    Gas

    Trans-saharan pipeline gains momentum as Nigeria, Algeria, Niger advance gas export ambitions

    MOL Group and partners start gas production at the ACG field in Azerbaijan

    Gas

    Trans-saharan pipeline gains momentum as Nigeria, Algeria, Niger advance gas export ambitions

    MOL Group and partners start gas production at the ACG field in Azerbaijan

    Nigeria’s CNG push opens new private investment pipeline in gas sector

    Power

    Power push takes centre stage as Akwa Ibom targets energy stability

    Mkpoikana Udoma Port Harcourt — Akwa Ibom State Governor, Pastor Umo Eno, says his administration is intensifying…

    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

    DisCos recover ₦196bn as electricity collections slip despite higher billing

    June 4, 2026

    Manufacturers burn ₦1.34tn on self-generated power

    June 3, 2026

    Renewable Energy

    Nigerians can now earn from solar energy

    Precious Anga Lagos — Nigerians with solar power systems can now generate additional value from their investments…

    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

    EV boom cuts global oil demand by 1.7 million barrels daily

    June 3, 2026

    Global energy investment to reach $3.4tn as renewables gain ground

    June 2, 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

    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

    Widows, sacked workers threaten TotalEnergies shutdown over jobs

    Niger-Delta Question

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

    Solid Mineral

    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

    Landslide at Angola illegal gold mine kills 28

    Community Development

    GCSS Borikiri triumphs as NLNG grooms future innovators

    Freight

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

    Edo/Delta Customs, Nigerian Army unite against cross-border crimes

    NIMASA reaffirms its commitment in advancing regional maritime integration across Africa

    NEPZA, 20 other MDAs set to join FG’s revenue optimisation platform

    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 assures PWDs of inclusion, participation in oil industry jobs

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