KEY POINTS Oando Plc has announced that it may be unable to publish its audited financial statements for the 2025 financial year by the March 31, 2026 regulatory deadline due …
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Energy TransitionIn the News
IEA Orders Record 400 Million Barrel Oil Release to Stabilise Global Markets Amid Iran War
KEY POINTS The International Energy Agency , IEA, has announced the largest coordinated release of emergency oil reserves in history, as member countries move to stabilise global energy markets following …
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In the NewsMarketsOil & Gas
Iran Threatens Middle East Oil Blockade as Trump Warns of ‘Much Harder’ U.S. Strikes
KEY POINTS Iran’s Revolutionary Guards have warned that no oil will leave the Middle East if the ongoing attacks by the United States and Israel persist, escalating tensions in an …
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In the NewsOil & Gas
Tinubu Approves Fiscal Incentive to Unlock $20bn Bonga Southwest Aparo Deepwater Project
KEY POINTS President Bola Ahmed Tinubu has approved a targeted fiscal incentive designed to unlock the long-delayed Bonga Southwest Aparo (BSWA) deepwater oil project, a strategic development expected to attract …
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In the NewsMarketsOil & Gas
Oil Prices Slide as Global Leaders Move to Contain Iran War Supply Shock
KEY POINTS Global oil prices fell sharply as world leaders moved to reassure markets that measures are being prepared to cushion the impact of the ongoing war involving Iran on …
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In the NewsMarketsOil & Gas
Nigeria’s Petrol Consumption Drops to 56.9m Litres Daily as Local Refining Gains Ground
KEY POINTS Nigeria’s average daily consumption of Premium Motor Spirit (PMS), commonly known as petrol, declined to 56.9 million litres per day in February 2026, down from 60.2 million litres …
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Energy TransitionIn the News
JEDC Introduces Flexible Debt Repayment Plan to Help Customers Clear Electricity Bills
KEY POINTS The Jos Electricity Distribution Company, JEDC, Plc has unveiled a flexible debt repayment plan designed to help customers gradually settle outstanding electricity bills across its franchise areas. The …
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KEY POINTS The Ekurhuleni Metropolitan Municipality in South Africa could face widespread electricity disruptions after its outstanding debt to power utility Eskom surged to more than R3.4 billion, prompting threats …
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KEY POINTS The Chief Executive Officer of Dangote Petroleum Refinery & Petrochemicals, David Bird, has reaffirmed the refinery’s readiness to compete in Nigeria’s petroleum market under an import-parity pricing system, …
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KEY POINTS The Nigerian National Petroleum Company Limited, NNPC Ltd, recorded a significant drop in revenue in January 2026, with earnings falling by 47 percent to N2.57 trillion, compared with …