KEY POINTS Brent oil prices held steady on Monday as traders weighed renewed diplomatic engagement between the United States and Iran against ongoing geopolitical tensions and fresh supply signals from …
KEY POINTS A consortium led by Chevron has signed exclusive lease agreements with Greece to explore natural gas reserves in deep-sea blocks off the country’s southern coast, marking a significant …
KEY POINTS South African President Cyril Ramaphosa has reaffirmed that the government remains committed to creating an independent electricity transmission company, pushing back against claims that authorities intend to dilute …
KEY POINTS The Eko Electricity Distribution Company, EKEDC, has arraigned six residents of Lagos for alleged electricity theft and conspiracy following their arrest during a raid carried out on February …
KEY POINTS ExxonMobil has commissioned a third advanced plastics-recycling unit at its Baytown refinery complex, marking a major expansion of its waste-processing capabilities. The new unit increases the site’s ability …
KEY POINTS Nigerian billionaire businessman Femi Otedola has praised industrialist Aliko Dangote following a visit to the Dangote Refinery, describing the facility as the “eighth wonder of the world.” In …
KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has reported that the Dangote Petroleum Refinery increased its domestic supply of Premium Motor Spirit (PMS) to 40.1 million …
KEY POINTS Nigeria’s large deposits of rare-earth minerals such as monazite and neodymium, alongside expanding lithium exploration and early electric-vehicle assembly efforts, are strengthening expectations that the country could become …
KEY POINTS Nigeria’s crude oil production rose to 1.459 million barrels per day in January 2026, according to the latest Monthly Oil Market Report released by the Organization of the …
KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, reported that it remitted N14.706 trillion in statutory payments to the Federal Government of Nigeria between January and December 2025. The …
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