Oluwatosin Racheal Alabi

KEY POINTS Oil prices fluctuated sharply on Friday, ultimately closing mixed. Brent crude rose slightly to $105.33 per barrel, while U.S. West Texas Intermediate (WTI) fell to $94.40. Despite the …

KEY POINTS Nigeria has officially become a net exporter of gasoline for the first time, marking a major turnaround for a country long dependent on fuel imports despite being a …

KEY POINTS The Nigerian National Petroleum Company Limited has entered into a strategic partnership with Sonatrach, Algeria’s national oil company, to strengthen collaboration in research, development, and innovation within the …

KEY POINTS East African countries are exploring plans to jointly develop a large oil refinery at the port of Tanga in Tanzania, in a move aimed at reducing dependence on …

KEY POINTS Sierra Leone has signed a petroleum licence agreement with Nigeria-based Marginal Energy Limited, granting the company offshore exploration and production rights as part of efforts to revive its …

KEY POINTS Nigeria’s President, Bola Tinubu, has approved a 30 percent relief on debts owed by domestic airlines to aviation agencies in a move aimed at easing financial pressure on …

KEY POINTS Crude oil supply from the Nigerian National Petroleum Company, NNPC, Limited increased significantly in April 2026, with over 1.03 million metric tonnes delivered to the Dangote Oil and …

KEY POINTS Saipem has secured a $150 million contract from ExxonMobil Guyana to kick off early-stage work on the Longtail offshore development. The limited notice to proceed allows the company …

KEY POINTS The Managing Director/CEO of Aradel Holdings Plc, Gbite Falade, has revealed the company’s ambition to contribute to Nigeria’s oil production target by reaching 2 million barrels per day …

KEY POINTS Pan-African billionaire Benedict Peters has deployed three aircraft equipped with advanced sensors to map underground mineral resources in Madagascar. The move formalises a December 2025 agreement between his …