In the News

KEY POINTS Oil prices fluctuated sharply on Friday, ultimately closing mixed. Brent crude rose slightly to $105.33 per barrel, while U.S. West Texas Intermediate (WTI) fell to $94.40. Despite the …

KEY POINTS Nigeria has officially become a net exporter of gasoline for the first time, marking a major turnaround for a country long dependent on fuel imports despite being a …

NNPC has denied selling refinery scrap materials from its Port Harcourt, Warri and Kaduna refineries, warning that fraudsters are posing as company agents.

Liberia Electricity Corporation has completed a technical assessment in Gedehtarbo, marking a major step toward connecting 2,525 residents to electricity in southeastern Liberia.

KEY POINTS The Nigerian National Petroleum Company Limited has entered into a strategic partnership with Sonatrach, Algeria’s national oil company, to strengthen collaboration in research, development, and innovation within the …

KEY POINTS East African countries are exploring plans to jointly develop a large oil refinery at the port of Tanga in Tanzania, in a move aimed at reducing dependence on …

KEY POINTS Sierra Leone has signed a petroleum licence agreement with Nigeria-based Marginal Energy Limited, granting the company offshore exploration and production rights as part of efforts to revive its …

KEY POINTS Nigeria’s President, Bola Tinubu, has approved a 30 percent relief on debts owed by domestic airlines to aviation agencies in a move aimed at easing financial pressure on …

Gabon expects to sign production-sharing contracts with BP and ExxonMobil within four to six months as authorities move to advance offshore exploration plans.

Nigeria’s Power Minister Adebayo Adelabu has resigned from office, stepping down to concentrate on his 2027 Oyo State governorship bid under the APC.