In the News

KEY POINTS Oil prices climbed on Wednesday as traders took comfort in OPEC+’s decision to limit the scale of its output hike, easing earlier concerns about a potential glut in …

Nigeria spent ₦242.68 billion on solar panel imports in early 2025, highlighting strong renewable energy demand despite local manufacturing efforts

Nigeria moves to secure $2 billion from China to fund a new super grid aimed at improving power transmission and industrial growth

Sweden’s tender for a strategic power reserve failed as bids surpassed limits, raising concerns over grid security during the coming winter

A three-day strike at the Dangote Refinery halted output, costing Nigeria 600,000 barrels of oil and exposing growing labor tensions in the industry

KEY POINTS ExxonMobil Corp. is advancing plans to begin importing liquefied natural gas, LNG, into South Africa, marking a significant step toward establishing the country as a future gas hub …

KEY POINTS Cooking gas prices in Nigeria’s capital city have held steady even as consumers in Lagos and other regions battle rising costs following last week’s supply disruptions. A market …

KEY POINTS Nigerians faced yet another hike in fuel prices on Monday as petrol costs soared above ₦900 per litre across filling stations in Abuja, deepening public frustration over rising …

KEY POINTS Oil prices edged higher on Monday after OPEC+ opted for a smaller-than-expected output hike for November, calming worries of a sharp supply influx but leaving markets cautious about …

KEY POINTS ExxonMobil Corp. plans to slash roughly 2,000 jobs worldwide — about 3% to 4% of its total workforce — in the latest phase of a sweeping restructuring aimed …