KEY POINTS The Dangote Refinery has increased the ex-depot price of Premium Motor Spirit (petrol) by ₦75 per litre, raising it from ₦1,200 to ₦1,275 per litre in a move …
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KEY POINTS TotalEnergies Marketing Nigeria Plc has reported an 11 per cent decline in revenue for the first quarter ended March 31, 2026, reflecting continued pressure in Nigeria’s downstream oil …
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Energy TransitionIn the News
Egbin Power Plant Shut Down After Fatal Underwater Accident Disrupts Nigeria’s Largest Thermal Station
KEY POINTS Egbin Power Plc, Nigeria’s largest thermal electricity generation station, has been forced to shut down operations and disconnect from the national grid following a fatal industrial accident that …
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KEY POINTS Libya has taken a significant step toward expanding its energy sector after its state-owned National Oil Corporation (NOC) signed a preliminary agreement with U.S. energy giant Chevron. The …
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KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has increased the official selling prices of all 37 Nigerian crude oil grades for May-loading cargoes, capitalising on rising global oil …
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KEY POINTS Uganda has announced plans to launch a fresh oil exploration licensing round in the 2026/2027 financial year, as the country prepares to begin commercial crude production later this …
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KEY POINTS The first liquefied natural gas, LNG, tanker has successfully crossed the Strait of Hormuz since tensions escalated in late February, signaling a possible easing of disruptions to global …
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Energy TransitionIn the News
Lagos Partners Three Power Firms to Boost Electricity Supply to Key Infrastructure
KEY POINTS The Lagos State Government has signed fresh power purchase agreements with three energy companies as part of efforts to improve electricity supply across critical public infrastructure in the …
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KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has recorded its strongest crude oil trading performance in five years, reaching about 1.171 million barrels per day (mbpd) under the …
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KEY POINTS Former President Olusegun Obasanjo has again declared that Nigeria’s state-owned refineries operated by the Nigerian National Petroleum Company Limited will never function effectively again, despite ongoing efforts by …