In the News

President Tinubu has approved a N3.3 trillion debt settlement to 15 power plants accumulated over a decade, in a bid to restore stable electricity supply

Somalia has officially launched its first offshore oil drilling campaign, with Turkey’s Cagri Bey vessel arriving to drill the historic Curad-1 well

KEY POINTS Nigeria’s Dangote Refinery has significantly increased exports of gasoline and urea fertiliser to African countries as supply disruptions triggered by the ongoing Iran war continue to strain energy …

A privately financed $300 million wind energy project targeting 200 megawatts of clean power has cleared a major stakeholder review in Liberia.

KEY POINTS Nigeria’s oil and gas sector recorded a sense of relief over the weekend after senior staff of Seplat Energy suspended a strike that had threatened to disrupt the …

The Middle East conflict has cut off millions of barrels daily, sending global oil buyers racing toward Nigeria and other African producers

KEY POINTS The City of Cape Town has announced another step toward reducing its reliance on Eskom as it seeks to shield residents and businesses from rising electricity prices. The …

KEY POINTS Motorists in Zimbabwe were left frustrated after authorities announced a fuel price increase just minutes after the government promised relief by suspending taxes on diesel. The sudden reversal …

KEY POINTS Global oil markets tightened sharply after Donald Trump vowed to intensify attacks on Iran, sending prices for near-term crude deliveries to record premiums over later contracts. Traders rushed …

KEY POINTS Officials of the Dangote Petroleum Refinery have denied reports that the Nigerian National Petroleum Company Limited allocated seven crude oil cargoes to the facility for May, stating that …