In the News

KEY POINTS Nigerian crude prices held firm on Wednesday as data showed that US oil and fuel inventories dropped more than expected, offering a fresh spark to global oil markets. …

KEY POINTS Nigeria’s push toward clean energy is facing an uphill battle as the price of cooking gas continues to surge nationwide.  What was once a cheaper and healthier alternative …

KEY POINTS Nigeria’s economy has taken another hit as the recent nationwide strike by senior oil workers, PENGASSAN, caused massive disruptions in crude oil production, gas supply, and electricity generation.  …

KEY POINTS The Federal Government has secured about N700 billion from the Federation Account Allocation Committee (FAAC) to fund the installation of 1.1 million electricity meters nationwide by December 2025, …

KEY POINTS Nestoil Group has insisted that its operations across Nigeria remain unaffected despite the recent sealing of its Lagos head office by security operatives acting on a court order. …

KEY POINTS Eni signs agreement with Egypt’s Bioenergy Association to explore large-scale biogas production. The project will convert agricultural and animal waste into renewable energy and organic fertilisers. The initiative …

KEY POINTS The South African state-owned utility Eskom has announced a streamlined process for homeowners and small businesses to register their small-scale embedded generation (SSEG) systems, such as rooftop solar …

KEY POINTS French energy giant TotalEnergies is seeking government approval from Mozambique to raise the development cost of its massive liquefied natural gas (LNG) project by an additional $4.5 billion, …

KEY POINTS President Bola Tinubu has reaffirmed his administration’s unwavering support for the Dangote Refinery’s audacious plan to expand its capacity from 650,000 barrels per day to 1.4 million barrels …

KEY POINTS Oil prices slid by about 2 per cent on Tuesday, extending a three-day losing streak as investors digested the effect of fresh U.S. sanctions on Russia’s top oil …