Ikeoluwa Juliana Ogungbangbe

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

Shell warned of a fourth-quarter loss in its chemicals and products unit as margins weakened, even as oil, gas and LNG production stayed within guidance

Ghana’s oil output is climbing after a new Jubilee well added fresh barrels, supporting revenue growth and reinforcing the country’s role in West Africa’s offshore crude market

Venezuela and the US struck a deal to export up to $2 billion in crude, redirecting oil from China and easing pressure from sanctions and storage limits

Sahara Power plans to lift generation capacity to 7,000 megawatts as reforms and debt repayment help stabilise Nigeria’s long-troubled electricity market

Nigeria’s oil and gas sector improved activity levels in 2025, but weak crude output, higher gas flaring and supply disputes weighed on overall performance

Chevron and Quantum Energy Partners are preparing a joint bid for Lukoil’s overseas assets, testing how far sanctioned Russian energy deals can still go

Eni and Repsol are struggling to recover about $6 billion owed for gas supplied to Venezuela as U.S. sanctions and policy shifts limit repayment options