In a high-stakes White House meeting on January 9, 2026, President Donald Trump urged top U.S. oil executives to commit at least $100 billion in investments to revitalize Venezuela’s crumbling energy sector, following the U.S.-led ouster of former President Nicolás Maduro on January 3.31 Trump emphasized that the funds would come from private industry, not…
Abuja, December 29, 2025 – In a significant boost to Nigeria’s public finances, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that presidential approval has been granted to write off the majority of the Nigerian National Petroleum Company Limited (NNPC Ltd)’s outstanding obligations as of December 31, 2024.According to details from the Federation Account…
Motorists in the Federal Capital Territory (FCT) are urging Dangote Refinery to expand its network of partner retail stations to enhance petrol accessibility, following a recent drop in pump prices. Dangote Refinery has recently appointed MRS Oil as its partner retail outlet, offering petrol at N739 per litre nationwide. This price is notably lower than…
This information was shared by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in their Factsheet report for November 2025, released yesterday. The report also indicated a significant decline in the nation’s consumption, which dropped by 34.5% to 3.992 metric tonnes per day in November, compared to 6.095 metric tonnes per day in October….
Abuja, December 18, 2025 – President Bola Ahmed Tinubu has approved the reconstitution of the Board of the Nigerian Electricity Regulatory Commission (NERC), following the Senate’s confirmation of its members on December 16.The members of the reconstituted Board are:Dr. Musiliu Olalekan Oseni — ChairmanDr. Oseni started his service as a Commissioner in January 2017 and…
By Clarion Newschannel StaffDecember 18, 2025The global energy sector is poised for a landmark year, with total investments projected to reach a record $3.3 trillion in 2025, marking a 2% increase in real terms over 2024, according to the International Energy Agency’s (IEA) World Energy Investment 2025 report. This growth comes amid moderating macroeconomic pressures,…
Clarion Newschannel Exclusive Report – December 18, 2025Washington, D.C. – In a dramatic escalation of U.S. pressure on Venezuelan President Nicolás Maduro, President Donald Trump announced late Tuesday a “total and complete blockade” targeting all U.S.-sanctioned oil tankers entering or leaving Venezuela. The move, described by Trump as necessary to counter terrorism, drug smuggling, and…
Abuja, December 17, 2025 – Engineer Farouk Ahmed has tendered his resignation as Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), amid escalating corruption allegations leveled against him by Africa’s richest man, Aliko Dangote.The resignation, announced by Presidential Spokesperson Bayo Onanuga on Wednesday evening, comes just hours after Ahmed reportedly held…
Petrol Marketers to Enact Nationwide Fuel The Independent Petroleum Marketers Association of Nigeria (IPMAN) announced that its members will start implementing the recent fuel price reduction initiated by Dangote Refinery starting Tuesday through next week. Chinedu Ukadike, IPMAN spokesperson, shared this information exclusively with DAILY POST, stating that Nigerians will soon feel the effects of…
By: Ibrahim Aishat Ayomide Date: 15 December 2025 Aliko Dangote, President and CEO of Dangote Industries Limited, has called for an inquiry into the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), accusing them of economic sabotage that threatens local refining capabilities in Nigeria. At a press conference held at the Dangote Petroleum Refinery, Dangote…