Ikeoluwa Juliana Ogungbangbe

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 …

KEY POINTS Nigeria is grappling with the fallout of a fresh global oil shock as crude prices climb above $100 per barrel, intensifying fears of stagflation across major economies. The …

KEY POINTS Energy economist Wumi Iledare has urged the Federal Government to focus on ensuring steady fuel supply rather than controlling prices, warning that global oil disruption, sespecially from the …

KEY POINTS Nigeria’s external trade profile experienced a significant shift in 2025, as the Dangote Petroleum Refinery imported crude oil worth $3.74 billion, according to the Central Bank of Nigeria …

KEY POINTS Global energy company Shell has praised Ardova Plc for its strong market presence and operational excellence in Nigeria’s lubricants sector. The commendation came during the 2025 Shell Macro …

KEY POINTS The government of Qatar has confirmed that Iranian missile strikes caused significant damage to the Ras Laffan Industrial City, the country’s primary gas production hub. Authorities said the …

KEY POINTS Nigeria’s supply of Liquefied Petroleum Gas, LPG, commonly known as cooking gas, fell by 8.5 percent to 4.7 metric tonnes per day in February 2026, down from 5.1 …

KEY POINTS The City of Ekurhuleni has reached an agreement with Eskom to settle its outstanding electricity debt of R3.4 billion. The deal follows concerns that bulk electricity supply to …

KEY POINTS Oil marketers across Nigeria are raising alarm over the mounting pressure on their operations following a sharp increase in petrol pump prices, a situation they attribute to the …

KEY POINTS A major gas facility in the United Arab Emirates has been engulfed in flames following a drone strike on Tuesday, intensifying fears over tightening global energy supplies and …