Industry News

Industry News2026-07-22T21:05:42+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.

July 22, 2026

Petrol loading resumes as depot prices climb
Fuel marketers have resumed loading petrol and diesel from private depots after an almost one-week disruption triggered by recent price adjustments in the downstream petroleum sector. Read more…

FG settles N333bn GenCos debts
The Federal Government on Tuesday said it had fulfilled all commitments under the first tranche of its power sector debt financing programme, Read more…

NUPRC awards 37 oil blocks, warns against delays
The Nigerian Upstream Petroleum Regulatory Commission on Tuesday declared 31 companies as winners of 37 oil and gas blocks under the 2025 Licensing Round, Read more…

Oil surge boosts revenue amid pipeline security gains
With Brent crude trading above $80 per barrel, higher than Nigeria’s 2026 budget benchmark of $64.85, the rebound in global oil prices is expected to strengthen the country’s fiscal position. Read more…

NCAA inaugurates committee to advance sustainable aviation fuel
The Nigeria Civil Aviation Authority has inaugurated a seven-member National High-Level Sustainable Aviation Fuel Steering Committee, Read more…

Oil tops $90 as Iran hits tankers in Hormuz
Global oil prices climbed above $90 per barrel on Tuesday after fresh attacks on oil tankers in the Strait of Hormuz heightened fears of a prolonged disruption to crude supplies from the Middle East. Read more…

NARTO lauds NITT’s CNG conversion initiative
The newly elected executives of the Nigerian Association of Road Transport Owners, Kaduna/Zaria Branch, have commended the Nigerian Institute of Transport Technology, Zaria, Read more…

REA expands mini-grids, welcomes Fayose-led governing board
The Rural Electrification Agency has performed the groundbreaking for a 1.5MW Interconnected Mini-Grid project in Pankshin, Plateau State, Read more…

FG floats N729bn power bond August 3
The Federal Government on Tuesday unveiled plans to raise about N729bn through the second tranche of its Power Sector Multi-Instrument Issuance Programme Read more… Read more…

Highest bidder won’t automatically get oil blocks — FG
The Federal Government on Tuesday said the highest financial bidder would not automatically emerge as the winner of an oil block in the ongoing 2025 Licensing Round, Read more…

2025 bid round to add 500mb to reserves, says NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said it looks forward to harvesting additional 500 million barrels to the national crude oil reserve from the 2025 bid round. Read more…

NNPC’s governance, Senate probe and Diezani
The discharge and acquittal of former Minister of Petroleum Resources, Mrs Diezani Allison-Madueke by a United Kingdom (UK) court and ongoing Senate’s investigation into alleged N210 trillion discrepancies Read more…

Sahara Group drives Africa’s energy future with Asharami Square 3.0
Sahara Group will host the third edition of Asharami Square, its flagship thought leadership platform, convening policymakers, industry leaders, investors, Read more… Read more…

Manufacturing: Schneider Electric pushes for software defined automation
A French multinational corporation that specializes in energy technology, Schneider Electric, has urged the deployment of software defined automation, Read more…

Oil price hits $90 per barrel over renewed U.S., Iran bombings
Oil prices jumped three per cent yesterday with Brent surpassing $90 a barrel, as the United States and Iran expanded attacks in the Middle East Read more…

African Atlantic gas pipeline project to strengthen energy security
Minister of State Petroleum Resources (Gas), Ekperipe Ekpo, has lauded the unanimous endorsement by member states of the Economic Community of West African States Read more…

NERC issues guidelines on technical audit, data validation of transmission system
The Nigerian Electricity Regulatory Commission (NERC) yesterday issued guidelines on the procedures for Technical Audit of the Transmission System and Network Data Validation 2026. Read more…

Oil spill probe sparks fresh tension in Bayelsa community as Azuzuama rejects sabotage verdict
A fresh dispute has erupted over the outcome of a Joint Investigation Visit (JIV) into a major crude oil spill in Azuzuama community, Southern Ijaw Local Government Area of Bayelsa State, Read more…

Major Boost: ECOWAS Backs Africa Atlantic Gas Pipeline with Historic Pact
The African Atlantic Gas Pipeline (AAGP) Project has received a major boost towards its actualisation as the Heads of State of ECOWAS Member States have signed the Intergovernmental Agreement (IGA) for the project Read more… Read more…

NNPC gas subsidiary earns ISO certification, targets global competitiveness
NNPC Gas & Power Investment Services, NGPIS, has secured the International Organisation for Standardisation, ISO 9001:2015 Quality Management System certification, Read more…

Afreximbank approves US$200m facility for Shoreline Power company
As part of ongoing financial interventions in Algeria since becoming a full member of the Bank in 2022, African Export-Import Bank (Afreximbank) Read more…

Saudi Arabia’s ADES Secures $229 Million Offshore Oil Drilling Contract In Nigeria
Saudi Arabian oil and gas drilling contractor ADES Holding has been awarded two offshore drilling contracts in Nigeria and the U.K. North Sea, Read more…

China’s LNG Purchase Rise Tightens Global Gas Market 
The higher Liquified Natural Gas (LNG) imports in China is sending strong signal that could tighten the LNG market in the coming months. Read more…

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