KEY POINTS Nigerians spent an estimated ₦5.43 trillion on petrol, commonly known as petrol, in the first quarter of 2026, amid rising fuel prices and ongoing tensions in the downstream …
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In the NewsMarkets
Seplat Confirms Exchange Rate for ₦68.26 Billion FY2025 Dividend as Profit Surges
KEY POINTS Seplat Energy Plc has confirmed the exchange rate it will use to convert its dollar-denominated dividends for the 2025 financial year, as it prepares to distribute over ₦68 …
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KEY POINTS Ugandan President Yoweri Museveni has expressed strong support for a proposed East African regional oil refinery following discussions with Nigerian billionaire and industrialist Aliko Dangote, signalling renewed momentum …
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KEY POINTS Shell Nigeria Gas, SNG, convened industry stakeholders in Port Harcourt to explore how natural gas can reduce operational costs, boost productivity, and attract investments across Nigeria’s industrial sector. …
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In the News
NNPC Boosts Healthcare in South-East with MRI Facility Donation to Nnewi Teaching Hospital
KEY POINTS The NNPC Foundation, the Corporate Social Responsibility arm of NNPC Limited, has commissioned and handed over a fully installed 1.5 Tesla Magnetic Resonance Imaging (MRI) system to Nnamdi …
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KEY POINTS Global oil prices surged on Friday, rising more than 3%, after comments by U.S. President Donald Trump signaled growing frustration with Iran, raising fresh fears over potential disruptions …
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In the NewsMarketsOil & Gas
Kenya Raises Fuel Prices by Up to 23.5% Amid Iran-Linked Global Oil Disruptions
KEY POINTS Kenya has announced a significant increase in retail fuel prices, raising them by as much as 23.5% following continued volatility in global oil markets linked to tensions in …
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KEY POINTS The National Pension Commission (National Pension Commission), PenCom has granted Pension Fund Administrators (PFAs) special approval to invest pension assets in the planned Initial Public Offering of the …
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KEY POINTS The President of the Dangote Group, Aliko Dangote, has revealed that the Nigerian National Petroleum Company (NNPC Limited) attempted to increase its equity stake in the Dangote Petroleum …
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In the NewsMarketsOil & Gas
Nigeria Falls Short of OPEC Oil Production Target Again Despite Output Increase
KEY POINTS Nigeria has once again failed to meet its crude oil production quota set by the Organization of the Petroleum Exporting Countries, OPEC, after recording an average daily output …