In the News

KEY POINTS Seplat Energy Plc has reported a major financial leap in its full-year 2025 audited results, with revenue rising by 144.2 percent to 2.726 billion dollars, compared with 1.116 …

KEY POINTS A joint investigative hearing by lawmakers into the recent oil revenue directive issued by Bola Tinubu was postponed after the Minister of State for Petroleum Resources (Oil), Heineken …

KEY POINTS The federal government has inaugurated a steering committee and a joint technical working group to oversee the establishment of the National Gas Infrastructure Command Centre, NGCC,in Abuja. The …

KEY POINTS The deputy spokesperson of the House of Representatives, Philip Agbese, has defended the Nigerian National Petroleum Company Limited’s, NNPCL, 7.25 percent equity in the Dangote Refinery. He described …

KEY POINTS Nigeria’s flagship crude grade, Bonny Light, is trading around $71 per barrel, slightly down from about $72.30 earlier in the week. Despite the dip, the price remains comfortably …

KEY POINTS Ikeja Electric Plc has issued a public warning to traders, artisans, and shop owners operating beneath high-voltage electricity lines across Lagos, urging them to vacate immediately or risk …

KEY POINTS Abuja Electricity Distribution Company, AEDC, has announced plans to sign a bilateral electricity agreement with NNPC Limited to improve power delivery across Abuja. The proposed deal would allow …

KEY POINTS Eskom has stabilised South Africa’s electricity system to levels not seen in five years, according to the Department of Electricity, which says the country is no longer in …

KEY POINTS Mozambique is rapidly strengthening its position as one of Africa’s most important natural gas producers following the revival of massive liquefied natural gas, LNG, projects on the Afungi …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPCL, has disclosed that Nigeria needs about 22 billion dollars in fresh investment to complete its planned gas pipeline network, warning that …