In the News

KEY POINTS The Federal Government of Nigeria has reiterated its strategic ambition to position the country as the dominant hub for refined petroleum products across West Africa. This was disclosed …

Minister Lokpobiri calls for African nations to unite against energy poverty and announces the creation of the African Energy Bank

OPEC+ plans a major oil output hike by November as Saudi Arabia cracks down on members violating production quotas

Oil prices drop nearly 2%, driven by demand concerns, tariff disputes, and Iran nuclear talks

KEY POINTS A new report raises concerns about rising cybersecurity risks in Nigeria’s oil and gas sector, warning that poor data protection could threaten the country’s economic stability. The report …

KEY POINTS The European Union is looking at ways to make it easier for U.S. gas exports to comply with its methane rules. Three sources familiar with the matter told …

PwC closes operations in nine African countries due to business losses and strategic review

Oil prices fall as the US-China trade war raises concerns over global economic growth and reduced fuel demand

Key Points Benedict Peters is known for his success in business and his dedication to building Africa’s future. However, some have tried to tarnish his reputation with false stories. These …

Shell lowers its LNG production forecast for the first quarter due to cyclones and unplanned maintenance, expecting output between 6.4-6.8 million tons