The Major Energies Marketers Association of Nigeria (MEMAN) has attributed the surging prices of aviation fuel to geopolitical tensions in the Middle East, which have disrupted global supply chains. This was stated in a letter issued by Clement Isong, the Executive Secretary and Chief Executive Officer of MEMAN, on Thursday in Lagos. The correspondence was […]Read More
…Advancing Nigeria’s Gas Revolution As part of its strategic efforts to fast-track Nigeria’s transition to cleaner and more affordable energy solutions, NIPCO Gas Limited has unveiled two cutting-edge Compressed Natural Gas (CNG) stations in Asaba and Warri, Delta State. This initiative represents a pivotal step in advancing the nation’s goals for energy diversification and sustainable […]Read More
April 15, 2026 U.S. President Donald Trump has again threatened to fire Federal Reserve Chair Jerome Powell if he does not leave office when his term as chair ends in May. The Trump administration has nominated Kevin Warsh to succeed Powell; however, his confirmation is currently tied up in the Senate. Historically, Fed chairs typically […]Read More
April 16, 2026 Chinese refinery processed 2.2% less crude last month, at an average daily of 14.52 million barrels daily amid the war-related squeeze on oil supply. Fuel output was also down, with gasoline shedding 2.95% to 13.51 million tons and kerosene production falling by 3.72% to 5.13 million tons. Diesel fuel production was up […]Read More
April 16, 2026 European energy companies are eyeing purchases of Canadian liquefied natural gas in search of supply diversification in challenging times, according to a Reuters report citing unnamed sources familiar with the matter. European energy buyers are already big clients of U.S. LNG producers, but long-term diversification would require spreading reliance over more suppliers, […]Read More
April 15, 2026 The International Monetary Fund (IMF) has cut its economic outlook for the global economy and warned it could sink into a recession if the Iran war is not soon resolved. In its April 2026World Economic Outlook, the Bretton Woods institution has predicted that global GDP will expand by 3.1% in the current […]Read More
Approximately 15 states in Nigeria now have the regulatory authority over the electricity sector, marking a significant step toward improving electricity service delivery across the country. The move allows the states to establish localized frameworks for energy production, distribution, and pricing, offering increased autonomy and the potential for tailored solutions to meet specific regional needs. […]Read More
The Management staff of Nigerian Content Development and Monitoring Board (NCDMB) and Seplat Energy Plc met earlier during this week with principal officers of the Delta State University (DELSU), at Abraka, Delta State, to deliberate on critical processes toward the take-off of a Centre of Excellence in Gas Development, approved for the institution by the […]Read More
The Nigeria Liquefied Natural Gas (NLNG) has disbursed ₦250 million in grants to 51 entrepreneurs following the conclusion of its 2026 Vocational Innovation and Business Empowerment Scheme (VIBES), which commenced with the induction of 103 participants from its host communities in Rivers State. The grants followed a competitive pitch-a-thon that brought the programme to a […]Read More
April 15, 2026 An analysis by The Guardian has revealed that the world’s largest Oil & Gas companies, as well as major oil producers such as Saudi Arabia and Russia, will make an extra $234 billion in windfall profits by the end of the year if oil prices continue to average $100 per barrel. According […]Read More
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