Ikeoluwa Juliana Ogungbangbe

Goldman Sachs expects oil prices to weaken in 2026 as rising supply and inventories create a surplus, delaying a sustained recovery until at least 2027

Eterna Plc has opened a ₦21.52bn rights issue to fund expansion, boost liquidity and reinforce its balance sheet amid volatility in Nigeria’s downstream energy market

TotalEnergies has secured a new offshore permit in Lebanon, pressing ahead with Mediterranean exploration as the country looks to gas discoveries to aid recovery

OpenAI and SoftBank have invested $1 billion in SB Energy, backing large Texas data centers as electricity supply becomes central to the future of artificial intelligence.

Meta signed long-term nuclear power deals with Vistra and backed new reactor projects as it secures electricity supply for expanding data centers and artificial intelligence growth

Venezuela’s oil stockpiles at sea jumped sharply as US enforcement tightened, tankers stalled offshore, and Chinese buyers grew cautious about future crude supplies

Aliko Dangote has filed a fresh petition with the EFCC against ex-NMDPRA chief Farouk Ahmed, escalating corruption allegations after withdrawing a similar ICPC complaint

Levene Energy secured a $64 million Afreximbank facility to back an Axxela-linked gas investment, signaling a strategic move from oil trading into infrastructure

Wale Tinubu highlighted deals by Femi Otedola and Tony Elumelu, saying the transactions reflect a shift in ownership and capital across Nigeria’s power and oil sectors

Aliko Dangote withdrew his petition against former regulator Ahmed Farouk, but Nigeria’s anti-graft agency says its investigation into the allegations is continuing