In the News

KEY POINTS The Federal Government has reaffirmed its commitment to maintaining a market-driven pricing regime for petrol, stressing that it will not impose price controls even as escalating geopolitical tensions …

KEY POINTS The Federal Government has suspended the issuance of import licences for Premium Motor Spirit (PMS), commonly known as petrol, for the second consecutive month, signalling a significant shift …

KEY POINTS Oando Plc has announced that it may be unable to publish its audited financial statements for the 2025 financial year by the March 31, 2026 regulatory deadline due …

KEY POINTS The International Energy Agency , IEA, has announced the largest coordinated release of emergency oil reserves in history, as member countries move to stabilise global energy markets following …

KEY POINTS The Federal High Court in Abuja has reserved judgment in a lawsuit filed by 1,216 plaintiffs against Shell Petroleum Development Company Nigeria Limited (SPDC) over alleged crude oil …

KEY POINTS On 9 March 2026, Eskom announced that Koeberg Nuclear Power Station’s Unit 2 has successfully operated for 365 consecutive days since its major upgrades were completed, maintaining an …

KEY POINTS The Secretary-General of the United Nations, António Guterres, has called on countries across the world to accelerate their transition from fossil fuels to renewable energy sources, warning that …

KEY POINTS International energy giants Chevron and Royal Dutch Shell are on the verge of finalizing their first large‑scale oil production agreements in Venezuela since a significant political transition in …

KEY POINTS Iran’s Revolutionary Guards have warned that no oil will leave the Middle East if the ongoing attacks by the United States and Israel persist, escalating tensions in an …

KEY POINTS President Bola Ahmed Tinubu has approved a targeted fiscal incentive designed to unlock the long-delayed Bonga Southwest Aparo (BSWA) deepwater oil project, a strategic development expected to attract …