Industry News

Industry News2026-04-30T22:16:37+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.

April 30, 2026

Dangote hikes petrol price by N75 to N1,275 per litre
The Dangote Refinery has increased its ex-depot price of Premium Motor Spirit by N75 per litre, deepening concerns over a fresh round of fuel price hikes across the country, Read more… Read more…

Tinubu sacks Saidu as NMDPRA boss, nominates Rabiu Umar as replacement
President Bola Tinubu has approved the removal of the Authority’s Chief Executive, Mr. Saidu Mohammed, from the Nigerian Midstream and Downstream Petroleum Regulatory Authority. Read more… Read more… Read more…

IFC, Norfund back ₦372bn solar mini-grids to reach 2.9m Nigerians
The International Finance Corporation (IFC), a member of the World Bank Group, has declared partnership with Norwegian Investment Fund for developing countries (Norfund), Read more…

Crude Oil Prices Surge to $120 per Barrel Amid Middle East Tensions: Economic Gains and Rising Costs for Nigeria
Global crude oil prices climbed to as high as $120 per barrel early Thursday, as escalating tensions in the Middle East disrupted supply expectations and rattled global energy markets, Read more…

Ojulari defends NNPC reforms, pledges growth, accountability to Nigerians
The Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, has reaffirmed the company’s commitment to profitability, operational efficiency and national value creation, Read more…

Energy supply key to food security, NMDPRA declares
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has underscored the critical role of energy in driving Nigeria’s food security, Read more… Read more…

Nigeria courts fresh oil & gas investments as TotalEnergies eyes expansion
Nigeria is stepping up efforts to attract a new wave of oil and gas investments, with high-level talks between the presidency and global energy giant, Read more…

Abe, NUPRC board chairman, takes charge, targets reforms, investor confidence
The newly inaugurated board of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has resumed duties with a pledge to strengthen regulatory capacity, Read more…

NLNG hits 86% capacity, as FG eyes Train-8, expansion
Nigeria’s gas export ambitions received a boost as the Nigeria LNG Limited, NLNG, recorded improved plant performance, with utilisation rising above 86 per cent, driven largely by enhanced security in the Niger Delta. Read more…

Cooking gas prices surge as 5kg refill hits ₦7,655 in March — NBS
The average cost of refilling a 5kg cylinder of cooking gas in Nigeria rose sharply to ₦7,655.73 in March 2026, reflecting increased pressure on household energy expenses. Read more…

Waltersmith upgraded facility catalyzed scalable refining operation to 10,000bdp
This was disclosed during an official inspection visit by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Content Development and Monitoring Board (NCDMB) to the company’s Phase 2 facility at Ibigwe, Read more…

We’re committed to impacting over 200 million Nigerians — NNPCL
The NNPC Limited has reaffirmed its commitment to improving lives across Nigeria, stating that its success is measured not only by oil production but also by the number of people positively impacted. Read more…

Trump warns Iran blockade could last months as oil prices soar
President Donald Trump said that a US naval blockade against Iran could last months, leading oil prices Wednesday to spike to their highest in more than four years. Read more… Read more…

OPEC weakened by UAE exit, analysts warn FG
The planned exit of the United Arab Emirates from the Organisation of the Petroleum Exporting Countries is stirring fresh concerns among energy experts, Read more…

HYPREP trains 44 Ogoni youths in underwater welding
The Hydrocarbon Pollution Remediation Project has started the training for 44 Ogoni ex-artisanal refiners in underwater welding and commercial (professional) diving in Rivers State. Read more…

Company pledges community-driven services at awards ceremony
The Oriental Energy Resources Limited, a leading indigenous player in Nigeria’s upstream oil and gas exploration and production in the Mbo Local Government Area of Akwa Ibom State, Read more…

NNPC and the future of Nigeria
As usual, I am an ordinary citizen, and like many Nigerians, I remain naturally optimistic about the possibilities of a better tomorrow, even if such hopes are not always realized. Read more…

NDPHC to provide Odukpani oil park 10MW electricity
The Niger Delta Power Holding Company Limited says it has advanced plans to provide dedicated electricity supply to the Nigerian Oil and Gas Park in Odukpani through a strategic partnership with the Nigerian Content Development and Monitoring Board. Read more…

Axxela deepens safety culture with 10m injury-free hours
Axxela Limited says it has recorded 10 million lost time injury-free man-hours across its operations as of April 2026, a development the firm links to its safety systems and workplace culture. Read more…

Oriental Energy lauds CSR drive in host communities
The management of Oriental Energy Resources Limited, Lagos, has lauded the company’s corporate social responsibility impact in its host communities Read more…

Dangote supplies jet fuel to Ethiopian Airlines, others
The Dangote Petroleum Refinery and Petrochemicals said it has commenced a direct delivery of aviation fuel to Ethiopian Airlines amid the tightness caused by the US-Iran crisis. Read more…

Katsina signs deal for 50,000 AI-powered solar streetlights
The Katsina State Government has signed an agreement with greentech firm Conflow Power Group Limited for the deployment of 50,000 solar-powered smart streetlights known as ‘iLamp’ units, Read more…

Ingentia Energies targets 30,000bpd
Ingentia Energies has unveiled plans to raise its oil production to 30,000 barrels per day by 2030. This was as the Nigerian Upstream Petroleum Regulatory Commission reaffirmed its commitment Read more…

Power retirees seek Tinubu’s intervention over withheld pensions
Retired workers in Nigeria’s electricity sector on Wednesday appealed to President Bola Tinubu to intervene in what they described as years of withheld pension benefits, Read more…

Nigeria, Ghana, others move toward unified electricity grid
Nigeria and other West African countries have stepped up efforts to achieve a fully synchronized regional electricity grid, as operators intensify technical coordination ahead of a major June 2026 milestone. Read more…

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