Nigeria spent $1.39bn importing foreign crude in Q1 2026, a 309% surge, even as the Dangote refinery scales up domestic output.

In the News

Nigeria spent $1.39bn importing foreign crude in Q1 2026, a …

KEY POINTS The Oluwo of Iwoland, Oba Abdulrosheed Akanbi, has praised billionaire industrialist Aliko Dangote for his investment …

KEY POINTS The Nigerian National Petroleum Company Limited’s investment in the Dangote Petroleum Refinery has appreciated significantly, with …

Energy Transition

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Government

President Tinubu has approved a N3.3 trillion debt settlement to 15 power plants accumulated over a decade, in …

Europe is pivoting from decades of aid to interest-driven energy deals with Africa as the Iran war rewrites …

Analysis

BP plans to increase U.S. natural gas production in shale basins, focusing on Haynesville and new projects in …

Europe’s wind energy expansion is reshaping its power sector, surpassing coal for the first time as governments and …