KEY POINTS The Delta State House of Assembly has granted approval for a new N18.1 billion bank guarantee in favour of Bastanchury Power Solutions Nigeria Limited, the developer of the …
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KEY POINTS Libya’s National Oil Corporation has announced a fresh oil discovery in the Ghadames Basin, reigniting optimism over the country’s energy potential after years of production instability. The new …
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In the NewsOil & Gas
NNPC Seeks Bigger Stake in Dangote’s $20 Billion Refinery as Nigeria Pushes for Energy Independence
KEY POINTS Nigeria’s state-owned oil company is setting its sights on greater control over the country’s refining future. The Nigerian National Petroleum Company, NNPC, Limited has announced plans to raise …
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Energy TransitionIn the News
Eskom’s Powerline Robot Wins U.S. Patent as South African Innovation Gains Global Attention
KEY POINTS A robot designed to inspect South Africa’s powerlines has earned Eskom international recognition, after being patented in both South Africa and the United States. The Powerline Inspection Robot, …
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KEY POINTS Austrian energy company OMV has announced a major oil and gas discovery in Libya’s Sirte Basin, marking one of the country’s most promising exploration successes in recent years. …
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In the NewsOil & Gas
AD Ports, Nimex Seal $8 Billion LNG and LPG Terminal Deal to Boost UAE’s Energy Trade
KEY POINTS In a landmark move to bolster the United Arab Emirates’ status as a global energy hub, AD Ports Group and Nimex Terminals have signed two long-term agreements worth …
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In the News
Nigeria’s New Property Titans Redefine Wealth as Real Estate Boom Spreads Beyond Lagos
KEY POINTS Across Nigeria, a fresh crop of young real estate entrepreneurs is reshaping how wealth is built and stored. Once dominated by oil, import licences and government patronage, the …
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KEY POINTS Crude oil prices remained broadly unchanged on Monday even after OPEC+ announced plans to slow its production growth, with traders balancing concerns over a potential surplus against fresh …
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In the NewsOil & Gas
Dangote Group Says 15% Fuel Tariff Will Keep Prices Stable and Protect Nigeria’s Industry
KEY POINTS The Dangote Group has moved to allay public concerns over Nigeria’s new fuel import tariff, saying the policy will not raise pump prices but will instead protect the …
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Energy TransitionIn the News
Cooking Gas Prices Stay High at N1,200 per Kilogram Despite Marketers’ Assurances
KEY POINTS Cooking gas prices across Nigeria have continued to soar despite repeated assurances from marketers that the commodity would soon revert to its pre-October range of N950 to N1,000 …