KEY POINTS Nigeria’s flagship Bonny Light crude ended Friday just shy of $69 a barrel, barely snapping a six-day losing streak, as global markets weighed the possibility of a U.S.-brokered …
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In the News
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KEY POINTS An advertisement claiming that FBNQuest Trustees Limited has placed Nigeria’s Ikeja Electricity Distribution Company and Egbin Power Plant under receivership has sparked controversy regarding the ownership of the …
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In the NewsOil & Gas
Shell, bp and Exxon Bet Big on Libya’s Oil Comeback After Decade of Instability
KEY POINTS Libya’s oil and gas industry is making a resurgence after years of instability and underinvestment, attracting the interest of major players in the global energy market. In an …
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In the NewsOil & Gas
Greece Defies Libya’s Claims in High-Stakes UN Filing Over Eastern Mediterranean Waters
Greece has strongly opposed Libya‘s claims to the sea in the Eastern Mediterranean. It did this by formally rejecting Tripoli’s objections to recent plans to explore for oil and gas …
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KEY POINTS This October, Nigeria’s top energy officials and businesspeople will meet in Lagos for the third Gas Investment Forum (GIF). The country is working hard to turn its huge …
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KEY POINTS Electricity prices in South Africa have risen at a staggering rate over the past 25 years—four times the rate of inflation. These increases have hit low-income families particularly …
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Energy TransitionIn the News
South African Solar Power Users Hit Hard by Eskom’s New Tariff Overhaul
KEY POINTS South African homeowners with solar power systems are facing increased financial strain following Eskom’s tariff overhaul in April 2025. The power utility’s decision to shift more of its …
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Energy TransitionIn the News
Eskom’s Coal Plants Hit Seven-Year High in Efficiency, Stabilizing South Africa’s Winter Grid
KEY POINTS South Africa’s embattled power utility, Eskom, is showing rare signs of a turnaround. With more than half of its coal-fired stations now operating above 70% efficiency and three …
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KEY POINTS Petroleum remains king in Nigeria’s export economy, commanding a lion’s share of its foreign trade earnings and reinforcing the West African nation’s position among the world’s major oil …
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KEY POINTS Nigeria’s Presidency on Saturday firmly denied reports claiming that Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPC Ltd, has resigned under …