KEY POINTS The Dangote Refinery has raised the ex-gantry price of Premium Motor Spirit, petrol, to N995 per litre, marking a N121 increase from its previous rate of N874 per …
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In the News
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KEY POINTS Global oil prices have surged past $90 per barrel following the escalating conflict involving Iran, triggering fears of another wave of global inflation. The international oil benchmark, Brent …
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KEY POINTS Nigeria’s national power grid is once again under strain, with only a small number of power plants contributing electricity to the system. Latest operational data from the Nigerian …
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Energy TransitionIn the News
Eskom Threatens to Cut Power to Ekurhuleni Over R3.4 Billion Electricity Debt
KEY POINTS South Africa’s state-owned power utility, Eskom, has issued a formal notice warning that it could reduce or completely interrupt electricity supply to large parts of the Ekurhuleni Metropolitan …
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KEY POINTS The Edo State House of Assembly has summoned the management of the Benin Electricity Distribution Company to appear before lawmakers over the persistent and worsening electricity outages across …
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Energy TransitionIn the News
Eskom Warns 14 South African Municipalities of Possible Power Cuts Over Unpaid Debts
KEY POINTS Eskom, South Africa’s state-owned electricity provider, has started issuing formal notices to 14 municipalities over unpaid electricity bills and financial mismanagement. The affected municipalities are being given a …
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KEY POINTS Nigeria’s electricity generation has fallen below the 4,000-megawatt mark due to ongoing gas supply challenges, the Nigerian Independent System Operator, NISO, reported on Thursday. As of 5 a.m., …
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In the NewsOil & Gas
Tinubu Oversees Historic OPL 245 Settlement, Paving Way for Major Deepwater Investments
KEY POINTS President Bola Tinubu on Thursday announced the successful conclusion of a landmark settlement between the Federal Government of Nigeria, ENI, and Nigerian Agip Exploration Limited (NAEL) over the …
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In the NewsOil & Gas
Dangote Refinery Absorbs Rising Crude Costs, Promises Steady Petrol Supply for Nigerians
KEY POINTS Dangote Petroleum Refinery and Petrochemicals has reassured Nigerians that it will continue to maintain a steady supply of petrol despite recent disruptions in the global oil market. The …
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KEY POINTS President Bola Ahmed Tinubu has proposed the establishment of a Grid Asset Management Company (GAMCO) as part of efforts to tackle longstanding challenges in Nigeria’s electricity transmission network. …
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