In the News

KEY POINTS Shares of Seplat Energy Plc recorded a dramatic surge on the stock market after Heirs Energies Limited completed a major equity acquisition backed by billionaire investor Tony Elumelu, …

KEY POINTS A Nigerian court has directed an oil exploration company owned by billionaire businessman Mohammed Indimi to pay $43.51 million to his daughters, Ameena and Zara Indimi, following a …

KEY POINTS A United States district court has sentenced Paulinus Okoronkwo, a Nigerian-American and former general manager at NNPC Limited, to 87 months in prison for accepting a $2.1 million …

KEY POINTS South Africa’s state-owned power utility, Eskom Holdings SOC Ltd., has sparked controversy after releasing a study arguing that installing emissions-cutting technology at its Medupi facility would be too …

KEY POINTS Shell Plc is in preliminary discussions with several companies, including a unit of Abu Dhabi National Oil Co., about selling a minority interest in its A$34 billion ($24 …

KEY POINTS Africa’s foremost industrialist, Aliko Dangote, has unveiled plans for Dangote Refinery to supply up to 65 million litres of petrol daily within Nigeria while exporting an additional 15 …

KEY POINTS Nigeria’s energy sector regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has stepped up engagement with operators, wholesale distributors, and financial stakeholders in a broad effort …

The exploration licence held by ExxonMobil for the Canje offshore block is set to expire on March 4, 2026, according to officials from the Ministry of Natural Resources in Guyana, …

KEY POINTS Conoil Plc has formally announced the resignation of its company secretary, David Lanre-Leke, who stepped down from the role effective September 8, 2025, according to an official notice …

Nigeria’s state oil firm, NNPC, the Nigerian National Petroleum Company, is preparing to introduce a new crude oil blend known as Cawthorne, with its first export cargoes expected in the …