In the News

KEY POINTS President Bola Tinubu has approved the expansion of the Presidential Initiative on Compressed Natural Gas, PiCNG, to include electric vehicles as part of efforts to promote affordable and …

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has dismissed reports suggesting it is planning an Initial Public Offering, stating that the information currently circulating in the media and across social …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has announced plans to significantly increase Nigeria’s proven gas reserves from about 210 trillion cubic feet to approximately 600 trillion cubic …

KEY POINTS The Nigerian Navy has uncovered and dismantled an active illegal refining site in Allison Community, Bonny Local Government Area of Rivers State, recovering more than 20,000 litres of …

KEY POINTS Adura, the joint venture between Shell and Equinor focused on oil and gas assets in the UK North Sea, has secured a $3 billion reserve-based lending facility to …

KEY POINTS The spot premium for Dubai crude has dropped sharply to its lowest level in three weeks after sellers flooded the market with offers while TotalEnergies remained the only …

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has reduced its petrol price, lowering the gantry price to N1,200 per litre and the coastal price to N1,153 per litre. The adjustment …

KEY POINTS City Power and Eskom technical teams are continuing repair work in Roodepoort after a major electricity outage left nearly half of the area without power. The teams worked …

KEY POINTS The Federal Government has announced that ongoing reforms in Nigeria’s power sector have attracted about $2 billion in fresh investments while reducing sector liabilities to approximately N146 billion. …

KEY POINTS The African Development Bank, AfDB, has approved a $5.65 million grant to support Peace Renewable Energy Certificate mini-grid projects across 14 African countries, targeting improved electricity access for …