KEY POINTS Goldman Sachs has raised its oil price forecasts for 2026, citing a severe disruption to crude flows through the Strait of Hormuz that the bank described as the …
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Energy TransitionIn the News
Nigeria Must Honour Power Export Deal with Togo Despite Domestic Shortages — ANED
KEY POINTS The Chief Executive Officer of the Association of Nigerian Electricity Distributors, Sunday Oduntan, has defended Nigeria’s continued electricity supply to Togo despite persistent domestic shortages, insisting the country …
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KEY POINTS US President Donald Trump has postponed planned military strikes on Iranian power plants and energy infrastructure for five days, saying Washington and Tehran have held “very good and …
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In the NewsOil & Gas
Dangote Refinery Expands Regional Footprint with 456,000 Tonnes of Fuel Exports Across African Markets
KEY POINTS The Dangote Petroleum Refinery has reinforced Nigeria’s position in Africa’s energy market after exporting 456,000 tonnes of refined petroleum products through 12 cargoes handled by international traders. The …
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In the NewsOil & Gas
Nigeria Retains One of World’s Cheapest Petrol Prices Despite Middle East Tensions
KEY POINTS Nigeria continues to maintain one of the lowest fuel prices globally despite recent increases linked to geopolitical tensions in the Middle East. Data from GlobalPetrolPrices.com shows fuel in …
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In the NewsOil & Gas
Iran Threatens Indefinite Closure of Strait of Hormuz After Trump’s 48-Hour Ultimatum
KEY POINTS Iran has warned it could shut the Strait of Hormuz indefinitely if the United States carries out threats to attack its power infrastructure. The warning followed a 48-hour …
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KEY POINTS A major blackout has hit several parts of Lagos State following a fire outbreak along the Lekki-Epe Expressway, the Eko Electricity Distribution Company, EKEDC, has confirmed. The blackout …
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KEY POINTS Dangote Refinery has announced another upward review of its petrol pricing, raising the gantry price of Premium Motor Spirit (PMS) from ₦1,175 to ₦1,245 per litre, a ₦70 …
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Energy TransitionIn the NewsMarkets
Power Sector Debt Crisis Deepens as Adelabu Assures Nigerians of Imminent Electricity Stability
KEY POINTS Nigeria’s Minister of Power, Adebayo Adelabu, has assured citizens that improvements in electricity supply are on the horizon, despite the ongoing crisis crippling the sector. Speaking in a …
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KEY POINTS The International Monetary Fund, IMF, has raised concerns that a sustained surge in global energy prices could drive inflation higher and weaken economic growth worldwide. The warning comes …