In the News

KEY POINTS The Minister of Power, Chief Adebayo Adelabu, has directed the Ibadan Electricity Distribution Company, IBEDC, to accelerate the installation of 59,000 free prepaid meters allocated to its customers. …

KEY POINTS Nigeria’s biggest industrial project is preparing for a major financial milestone. The Dangote Group has selected three investment firms to oversee what could become the largest share sale …

KEY POINTS The Midstream and Downstream Gas Infrastructure Fund (MDGIF) has officially opened a modern Compressed Natural Gas, CNG, refuelling station at Obafemi Awolowo University in Ile-Ife, marking another move …

KEY POINTS Oil-producing communities in the Niger Delta have renewed calls for state governors to release part of the 13 percent oil derivation allocation directly to them, saying the funds …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC Ltd, is stepping up talks with investors as it prepares to deliver its first gas through a key section of the …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission has supervised the official transfer of the OLO Oilfield Host Community Development Trust from TotalEnergies Marketing Nigeria Plc to Aradel Holdings, marking …

KEY POINTS South Africa’s power utility, Eskom, has announced a major electricity price cut of about 29% for two struggling ferrochrome producers. The decision is aimed at helping the companies …

KEY POINTS Nigeria is once again battling widespread power outages, leaving homes, offices, and businesses struggling with unreliable electricity. The situation, according to the Nigerian Independent System Operator, NISO, is …

KEY POINTS The cost of petrol across Nigeria eased again in January 2026, offering motorists a bit of breathing space after months of high fuel expenses. Fresh figures released by …

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 …