In the News

KEY POINTS Nigeria’s oil earnings fell sharply below expectations in the final quarter of 2024, with the Budget Office of the Federation reporting that net oil revenue stood at ₦3.34 …

KEY POINTS When we talk about a single forex trade in Africa, we typically imagine someone hitting “buy” or “sell” on a laptop or mobile phone.  What we don’t usually …

KEY POINTS Shell Plc has lodged an application for leave to appeal a decision by the Western Cape High Court that blocked its plans to explore for oil and gas …

KEY POINTS Namibia’s biggest privately owned conglomerate, Ohlthaver & List (O&L) Group, led by billionaire executive chairman Sven Thieme, has sold its stake in Cleanergy Solutions Namibia to H2Infra NV, …

KEY POINTS ExxonMobil has entered into a new memorandum of understanding (MoU) with the government of Gabon, setting the stage for potential oil and gas exploration off the coast of …

KEY POINTS Africa’s richest man, Aliko Dangote, has revealed plans to double the capacity of his $20 billion oil refinery in Lagos to 1.4 million barrels per day, a move …

KEY POINTS Italian oilfield services giant Saipem has secured a string of new contracts and extensions from energy company Eni, valued at approximately $135 million, reinforcing its position as one …

KEY POINTS The Nigerian National Petroleum Company, NNPCL, has posted a total revenue of N4.27 trillion and a profit after tax of N216 billion for September 2025, underscoring a steady …

KEY POINTS Renaissance Capital has projected that Nigeria could reclaim its long-lost oil production strength, hitting over two million barrels per day (bpd) by 2026 if the government sustains its …

KEY POINTS South Africa’s state power utility, Eskom, has announced new measures to simplify and reduce the cost of connecting household and small business solar systems to the national grid, …