In the News

Equinor reported adjusted operating income of $12.35 billion for the third quarter as the Middle East war lifted oil and gas prices.

KEY POINTS South Africa’s power utility, Eskom, has announced a nine-hour electricity outage in Braamfischer, Soweto, on Thursday, October 29, 2026, to allow maintenance work on its distribution network. The …

KEY POINTS President Bola Tinubu has reaffirmed his administration’s commitment to rehabilitating Nigeria’s four state-owned refineries, saying the facilities will not be allowed to become stranded investments as the country …

Brent fell about 1% to $114.81 and WTI to $100.88 as Tehran talks lifted hopes of a US-Iran breakthrough, despite Houthi attacks on Saudi Arabia.

KEY POINTS Nigeria’s domestic refineries received more than 127 million barrels of crude oil and condensate between January and September 2026, as regulators reported improved supplies and the federal government …

KEY POINTS Motorists in Minna, the Niger State capital, have staged a peaceful protest over the prolonged unavailability of compressed natural gas (CNG) at the Nigerian National Petroleum Company (NNPC) …

KEY POINTS The planned initial public offering, IPO, of Dangote Petroleum Refinery could bring millions of younger Nigerians into the stock market, giving first-time investors an opportunity to own shares …

KEY POINTS The Federal Government has commissioned 640 megawatts (MW) of electricity transmission capacity and six new substations in Kano and Katsina states as part of efforts to strengthen Nigeria’s …

Nigeria’s sovereign wealth fund and Africa50 launched a $300 million fund to finance mini grids and standalone solar systems for underserved communities and businesses.

Oil prices rose more than 1% Friday as Houthi attacks in Saudi Arabia raised fears of further Middle East supply disruption, pushing Brent above $114.