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January 23, 2026

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Eyesan Unveils Transformative Vision for Upstream Sector, Promises Improved Efficiency, Collaboration

Eyesan Unveils Transformative Vision for Upstream Sector, Promises Improved Efficiency, Collaboration

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xpect Transformation at The Gambia Petroleum Commission as Cany Jobe states priorities

Expect Transformation at The Gambia Petroleum Commission as Cany Jobe states priorities

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NCC, CBN Set to Roll Out Refund Framework for Failed Airtime and Data Transactions

NCC, CBN Set to Roll Out Refund Framework for Failed Airtime and Data Transactions

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Faroukgate: Dangote Takes Petition Against Ex-NMDPRA Boss to EFCC

Faroukgate: Dangote Takes Petition Against Ex-NMDPRA Boss to EFCC

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Review of NCC’s Draft 5 years Spectrum Roadmap, Draft Guidelines for use of 60 GHz License Exempt Band end January 16, 2026

Review of NCC’s Draft 5 years Spectrum Roadmap, Draft Guidelines for use of 60 GHz License Exempt Band end January 16, 2026

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Oil & Gas

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Namibia Sets the Stage to Become Africa’s Next Energy Powerhouse

Namibia Sets the Stage to Become Africa’s Next Energy Powerhouse

SPE Nigeria Council to champion a tech-driven, inclusive energy future at NAICE 2025

SPE Nigeria Council to champion a tech-driven, inclusive energy future at NAICE 2025

Dangote’s N720bn CNG Truck Investment to Save Nigerians N1.7trn Annually ...To Lift 42 Million MSMEs ...Presidency, IPMAN, Experts Hail Bold Move Dangote Petroleum Refinery has announced a landmark investment of over ₦720 billion in the deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks for nationwide distribution of petroleum products. This initiative is projected to save Nigerians more than ₦1.7 trillion annually in logistics and fuel distribution costs. The privately-owned refinery is set to absorb over ₦1.07 trillion each year in fuel distribution expenses, drastically reducing operational costs for over 42 million Micro, Small, and Medium Enterprises (MSMEs). The move is expected to lower pump prices, reduce inflation, and increase profitability for businesses across Nigeria. Starting August 15, Dangote will begin direct delivery of petrol and diesel to filling stations, industrial sites, and other high-volume consumers. This eliminates intermediaries and transportation bottlenecks, a move that experts say could transform the energy supply chain. According to the refinery, its production capacity will meet Nigeria’s daily consumption of 65 million litres of refined petroleum products — including 45 million litres of PMS, 15 million litres of diesel, and 5 million litres of aviation fuel. With logistics costs averaging ₦45 per litre, the cost-saving impact of free distribution is estimated at ₦1.07 trillion annually. The investment includes not only the CNG trucks but also a network of nationwide ‘mother and daughter’ CNG stations and related infrastructure. A Strategic Shift for Nigeria’s Economy Dangote Group’s intervention aligns with its broader commitment to: Eliminate logistics inefficiencies Promote energy sustainability Support MSME growth Revive dormant filling stations and stimulate job creation The initiative is expected to create over 15,000 direct jobs within the logistics chain — including drivers, station managers, and CNG station attendants. Additionally, the direct-to-retail delivery system is set to curb petroleum product smuggling, ensuring a more secure and environmentally friendly distribution framework. Presidential and Industry Endorsements The Presidency has praised the initiative as a pivotal step in transitioning Nigeria toward gas-powered transportation. Tosin Coker, Commercial Coordinator of the Presidential CNG Initiative (PCNGI), called it a “milestone achievement,” highlighting the scale and strategic value of the move. “It signals that CNG is no longer a distant goal but a practical, current solution,” he stated. Similarly, the Independent Petroleum Marketers Association of Nigeria (IPMAN) welcomed the development. According to Chinedu Ukadike, National Publicity Secretary, the initiative addresses a long-standing challenge in Nigeria’s downstream sector: “For years, we've relied on costly transport from coastal depots due to non-functional pipelines. Dangote’s direct delivery will ease this burden immensely.” Expert Reactions Prof. Ken Ife, a development economist, noted that the initiative would help bring down the price of PMS, with ripple effects on other sectors. Bismarck Rewane, CEO of Financial Derivatives Company, dismissed monopoly fears, instead applauding the elimination of middlemen and the provision of credit facilities at the retail level. “Middlemen extract margins without adding value. Dangote is investing, distributing, and offering credit — a game-changer,” Rewane remarked. Kelvin Emmanuel, energy expert and co-founder of Dairy Hills, described the absorption of logistics costs as a turning point that would allow citizens to truly benefit from local refining. Ibukun Phillips, an energy analyst, called the move revolutionary, especially in its potential to improve access and affordability in rural communities: “Rural consumers stand to benefit greatly. This could revive abandoned filling stations and ensure fairer, more equitable distribution.”

Dangote’s N720bn CNG Truck Investment to Save Nigerians N1.7trn Annually

Shell Foresees Bright Future for Nigerian Companies in Offshore Oil Developments

Shell Foresees Bright Future for Nigerian Companies in Offshore Oil Developments

L-R: Adviser, Community Relations, NNPC Upstream Investment Management Services (NUIMS), Usman Mohammed; Head, Social Investment and Performance , Shell Nigeria Exploration and Production Company Limited (SNEPCo) Elohor Abu ; SNEPCo’s Health Manager and Transformation, Dr. Ajike Oladoyin; Deputy Manager, External Relations, Edith Lawson and Dr. Benjamin Olowojebutu during the donation.

NNPC-SNEPCo donates medical equipment to support medical surgeries in Nigeria

DANGOTE SAYS INCREASE IN PUMP PRICE NOT FROM US

DANGOTE SAYS INCREASE IN PUMP PRICE NOT FROM US

Power

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SERAP sues 36 governors, Wike ‘over failure to account for trillions of FAAC allocations’

A Threat to One Is a Threat to All Rights’ – A Call for Release of Unlawfully Detained Journalist, Daniel Ojukwo

Stop using repressive laws to target journalists, critics’, SERAP, NGE tell Tinubu govt, govs, others

Account for trillions of FAAC allocations or face legal action, SERAP tells 36 governors, Wike

SERAP sues Akpabio ‘over failure to recall Ningi, refer N3.7trn budget padding to EFCC, ICPC’

Egbin Power receives FG’s assurance on debt settlement, improved gas supply

Emulate Otti, obey court judgment stopping pensions to ex-govs, SERAP tells Tinubu

ATOMEXPO-2024 will host a round table on the synergy of renewable and nuclear generation

Events

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Read Experts Opinions on different issues

The Environment

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Egbin Power demonstrates commitment to sustainability, holds medical outreach in host communities

Egbin Power demonstrates commitment to sustainability, holds medical outreach in host communities

MARITIME ACCIDENT: How 2 cargo ships, Turkish and Ukrainian, collided in Eregli harbour

MARITIME ACCIDENT: How 2 cargo ships, Turkish and Ukrainian, collided in Eregli harbour

MARITIME: DP World Australia Forced to Halt Terminals After Cybersecurity Incident

MARITIME: DP World Australia Forced to Halt Terminals After Cybersecurity Incident

MARITIME: How Swiss offshore vessel ran onto embankment in Kiel Canal

MARITIME: How Swiss offshore vessel ran onto embankment in Kiel Canal

MARITIME: US Government Commits $125m to rebuilding Elefsina Shipyard in Greece

US Government Commits $125m to rebuilding Elefsina Shipyard in Greece

Maritime: How 2 Russian Navy landing crafts damaged or destroyed in Crimea

Maritime: How 2 Russian Navy landing crafts damaged or destroyed in Crimea

Local Content

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NCDMB Commits to Capacity Utilisation, Patronage for Nigerian Service Companies

Omatsola Ogbe Assumes Office As Exec Sec NCDMB, Charges Staff on High Performance

NCDMB completes 83% of the Nigerian Content Roadmap

NCDMB’s Maintains Excellence Streak, Retains Top Position in Efficiency, Transparency

Ministers, Oil and Gas Industry Captains Converge in Yenagoa for 2023 Practical Nigerian Content Forum

DOWNSTREAM DEREGULATION: FG should repeal laws creating PPPRA, PEF --- CSOs

Waltersmith Refinery gears up for Phase 2 development amidst vote of confidence from Lokpobiri

Solar panels

Sen. Teslim Folarin lauds NCDMB as 500 Youths Graduate from Solar Power Programme

CRUDE OIL MARKET

Crude Oil	Price (USD)
Bonny Light	$70.00
OPEC Basket	$70.00
Brent	$67.73
WTI	$63.66
Murban	$70.73
Louisiana Light	$66.04
Mars	$65.00

* As of August 24, 2025

POWER CIRCUIT (VIDEO)

TCN Commissions 100MVA Power Transformer in Dan Agundi 132/33kV Transmission Substation, Kano

LATEST

OPEC- Required Oil Production/ Country REPORT

UPDATE: Nigeria’s electricity generation returns to 4,144.5MW after system collapse

UPDATED DAILY: Read More

RECENT POSTS

Eyesan Unveils Transformative Vision for Upstream Sector, Promises Improved Efficiency, Collaboration

Eyesan Unveils Transformative Vision for Upstream Sector, Promises Improved Efficiency, Collaboration

xpect Transformation at The Gambia Petroleum Commission as Cany Jobe states priorities

Expect Transformation at The Gambia Petroleum Commission as Cany Jobe states priorities

NCC, CBN Set to Roll Out Refund Framework for Failed Airtime and Data Transactions

NCC, CBN Set to Roll Out Refund Framework for Failed Airtime and Data Transactions

Faroukgate: Dangote Takes Petition Against Ex-NMDPRA Boss to EFCC

Faroukgate: Dangote Takes Petition Against Ex-NMDPRA Boss to EFCC

Review of NCC’s Draft 5 years Spectrum Roadmap, Draft Guidelines for use of 60 GHz License Exempt Band end January 16, 2026

Review of NCC’s Draft 5 years Spectrum Roadmap, Draft Guidelines for use of 60 GHz License Exempt Band end January 16, 2026

Beyond Resolutions: Why Real Change Rarely Starts on January 1

Beyond Resolutions: Why Real Change Rarely Starts on January 1

VIDEOS

European Investment Bank leverages EUR 95 million to finance Rwandan businesses, Partners Government of Rwanda to Finance National Health Referral Laboratory Project

‘Merck More than a Mother’ from Africa to Asia for the first time – in partnership with Asia Pacific Initiative on Reproduction (ASPIRE)

Access to mental health and psychosocial support services remains unequal for children and adolescents in Africa, alert UNICEF & WHO

Uganda’s community initiative helping HIV patients overcome depression

Seplat Energy begins supply of power to Oben Cottage Hospital from the gas plant

Dangote Refinery exports PMS to Cameroon

3 people inhaled poisonous gas, 1 died at Beirut port

STATUS OF NIGERIA'S PRIVATE REFINERY LICENSES

THEDAILY GOES DIGITAL

OPEC BASKET

OPEC daily basket price stood at $61.70 a barrel

OPEC daily basket price

ELECTRICITY NIGERIA

AGAIN, VANDALS STRIKE ALONG AHOADA-YENAGOA 132KV DOUBLE CIRCUIT TRANSMISSION LINE, DESTROYING THIRTEEN TOWERS

AGAIN, VANDALS STRIKE ALONG AHOADA-YENAGOA 132KV DOUBLE CIRCUIT TRANSMISSION LINE, DESTROYING THIRTEEN TOWERS

OIL OUTPUT

LNG: We have not shut down --- NLNG

LNG: We have not shut down — NLNG

OPINION

Law, Conscience, and the Rivers State Conundrum

Law, Conscience, and the Rivers State Conundrum By Sola Adebawo

LOCAL CONTENT

FUPRE ENERGY BUSINESS SCHOOL LAUNCH- Batch 3

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January 23, 2026