KEY POINTS France and Italy have reportedly initiated diplomatic contacts with Iran in an effort to ensure the safe passage of their commercial vessels through the Strait of Hormuz, a …
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In the News
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In the NewsMarketsOil & Gas
Dangote Refinery Raises Petrol Price to N1,175 per Litre Amid Global Oil Price Surge
KEY POINTS The Dangote Refinery has increased its ex-gantry price for Premium Motor Spirit (PMS), commonly known as petrol, to N1,175 per litre, marking a N100 rise from its previous …
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KEY POINTS Eskom is losing an estimated R6 billion annually in KwaZulu-Natal due to widespread electricity theft, with around 50% of its 1.2 million provincial customers illegally accessing power. Many …
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KEY POINTS The National Energy Regulator of South Africa, NERSA, has approved an electricity tariff increase of 8.76% for Eskom direct customers and 9.01% for municipal distributors for the 2026/27 …
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KEY POINTS The ongoing war in Iran pushed Brent crude oil prices above $100 per barrel, rising 9.2% to settle at $100.46. Stock markets worldwide suffered sharp losses, with the …
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KEY POINTS Chevron Nigeria Limited has reaffirmed its dedication to promoting socio-economic development in the Niger Delta, highlighting continued collaboration with government agencies, local communities, and development bodies. The company …
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Energy TransitionIn the News
Federal Government Begins Development of Ikom Multipurpose Dam and 250MW Hydropower Project under PPP Framework
KEY POINTS The Infrastructure Concession Regulatory Commission (ICRC) has announced the formal commencement of the Ikom Multipurpose Dam and 250-megawatt Hydropower Project, following approval by the Federal Government to develop …
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KEY POINTS Global oil prices climbed sharply on Thursday after Iran intensified attacks on oil and transportation facilities across the Middle East, raising fears of a prolonged regional conflict and …
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In the NewsMarketsOil & Gas
Monopoly Concerns Mount as Dangote Refinery Dominates Nigeria’s N14.4 Trillion Petrol Market
KEY POINTS Concerns over potential monopoly in Nigeria’s fuel market are intensifying after the Dangote Petroleum Refinery emerged as the dominant supplier of petrol following the Federal Government’s suspension of …
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KEY POINTS The International Energy Agency, IEA, has warned that the ongoing conflict in the Middle East is causing what could become the largest supply disruption in the history of …
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