Industry News

Industry News2026-03-18T09:37:41+01:00

Our industry news page curates and displays headlines along with brief descriptions of the latest developments in the oil, gas, and energy industry in Nigeria. The content is sourced from various media outlets across the country, offering a comprehensive overview of the sector’s current events and trends.

March 18, 2026

Europe’s Natural Gas Price Spike: Structural Policy Choices Come Home to Roost
European natural gas prices have spiked sharply once again, underscoring that Europe’s energy vulnerability is structural rather than cyclical. Read more…

Lagos State Electricity Regulatory Commission Presents Growth Agenda
The Lagos State Electricity Regulatory Commission (LASERC) has offered development insights craving to improve energy efficiency and reduce electricity supply hiccups in the State to meet demand from the commercial sector. Read more…

Oyo State Targets Significant Electricity Market Growth As OYSERC Takes Effect 
The Oyo State Electricity Regulatory Commission (OYSERC), has set out to reset the electricity supply chain inefficiency after its inauguration by the State Governor, Seyi Makinde. Read more…

IEA Says Plans Ongoing To Provide Crude Supply To Energy Dearth Asia
Asian continent currently suffering dearth of crude oil supply is being considered for a major supply consideration efforts. Read more…

Int’l Oil Companies Deepen Economic Engagement Of Host Communities In Africa 
International oil companies operating in  Nigeria add other African countries are making significant progress in providing economic growth support to host communities which is now reducing restiveness in oil bearing regions. Read more…

Attacks on UAE’s Fujairah port and Shah gas field add to energy disruption
Oil loading at the United Arab Emirates port of Fujairah was at least partly halted on Tuesday after a third attack in four days ​caused a fire at the export terminal, Read more…

Middle East oil becomes most expensive in the world as war cuts supply
Middle East crude oil benchmarks soared to all-time ​highs, becoming the most expensive in the world, even as trade slumps due to the war in Iran, Read more…

Don’t blame Tinubu for fuel hikes, Remi Surutu tells Nigerians
Veteran actress Remi Surutu has defended President Bola Tinubu’s administration amid rising fuel prices, attributing the increases to global factors rather than the Nigerian government. Read more…

West Africa’s Downstream Sector Faces Volatility, Eyes Opportunity Amid Global Tensions — MEMAN, S&P Global
The Major Energies Marketers Association of Nigeria (MEMAN), in collaboration with S&P Global Energy, has highlighted both the vulnerabilities and emerging opportunities for West Africa’s downstream petroleum sector amid ongoing geopolitical tensions, Read more… Read more…

Middle East Crisis: What It Means for Oil-Rich but Refining-Poor African Economies
Rising tensions in the Middle East have once again exposed the fragile energy architecture of many African economies, particularly oil-producing nations that lack sufficient domestic refining capacity. Read more…

REA-Lotus Bank ₦100bn MoU hits first milestone with 7MW Ebonyi mini-grid project
Barely weeks after the Rural Electrification Agency (REA) and Lotus Bank signed a landmark ₦100 billion Memorandum of Understanding (MoU), Read more…

NUPRC announces pre-qualified applicants for 2025 licensing round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the successful conclusion of the pre-qualification phase for the 2025 Licensing Round, Read more… Read more…

Blackout chaos at Lagos airport after cable damage
Panic and confusion gripped passengers at the international wing of the Murtala Muhammed International Airport on Tuesday night after a damaged electric cable triggered a sudden blackout, Read more…

Dangote, marketers collaborate to strengthen fuel supply
The Dangote Petroleum Refinery partnered with major fuel marketers to safeguard nationwide supply and reduce risks associated with a single-source system, Read more…

Oil prices soar amid Hormuz tensions, Trump warns
Crude oil prices remained around $100 per barrel on Tuesday as United States President Donald Trump and NATO allies differed on the struggle to keep the Strait of Hormuz open for vessels transporting oil. Read more…

Firm deploys solar technology in Lagos school
Schneider Electric Nigeria has deployed a smart solar power system in Ikeja Central Grammar School, bringing reliable and sustainable electricity to over 500 students and teachers. Read more…

Schneider names VP for Sub-Saharan Africa
Schneider Electric, a global leader in energy technology, has appointed Steven Santini as Vice President of Secure Power for Sub-Saharan Africa, it said in a statement on Tuesday. Read more…

Transcorp secures multi-billion naira power debt settlement
Transnational Corporation Plc has announced a breakthrough in resolving long-standing liquidity challenges within its power business, confirming that it has reached strategic settlement agreements regarding its multi-billion naira power receivables. Read more…

NLNG Reaffirms Commitment to Sustainable Community 
Nigeria LNG Limited (NLNG) has reaffirmed commitment to sustainable development in its host communities. The General Manager, External Relations and Sustainable Development, Sophia Horsfall, Read more…

NLNG Inaugurates 6.5-tonne Gas Dispensing Facility, Inducts 103 Trainees
Nigeria LNG Limited (NLNG) has commissioned a 6.5-tonne gas dispensing facility in Rumuji, Rivers State, explaining that the infrastructure will help solve daily energy challenges in the area. Read more…

FG Won’t Surrender Aviation Sector to Foreign Interests, Says Keyamo
The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, has defended the federal government’s decision to halt the proposed Nigeria Air project, Read more…

Dangote Refinery, Fertiliser, Donate N241m School Materials to 3,704 Lagos Students
Dangote Petroleum Refinery and Dangote Fertiliser Limited have donated school materials valued at N241 million to 3,704 students across host communities in Ibeju-Lekki, Lagos, Read more…

Gas supply falls 8.5% to 4.7 metric tonnes daily
The supply of Liquefied Petroleum Gas, LPG, also known as cooking gas declined by 8.5 percent, on a month-on-month, MoM basis to 4.7 metric tonnes per day in February 2026 from 5.1 metric tonnes per day in December 2025. Read more…

Nigeria’s oil output drops 9% to 1.483m bpd
Nigeria’s oil output, including Condensate, has dropped month-on-month, MoM, by nine per cent to 1.483 million barrels per day, bpd in February 2026 from 1.627 million bpd in January 2026. Read more…

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