In the News

KEY POINTS The International Energy Agency , IEA, has announced the largest coordinated release of emergency oil reserves in history, as member countries move to stabilise global energy markets following …

KEY POINTS The Federal High Court in Abuja has reserved judgment in a lawsuit filed by 1,216 plaintiffs against Shell Petroleum Development Company Nigeria Limited (SPDC) over alleged crude oil …

KEY POINTS On 9 March 2026, Eskom announced that Koeberg Nuclear Power Station’s Unit 2 has successfully operated for 365 consecutive days since its major upgrades were completed, maintaining an …

KEY POINTS The Secretary-General of the United Nations, António Guterres, has called on countries across the world to accelerate their transition from fossil fuels to renewable energy sources, warning that …

KEY POINTS International energy giants Chevron and Royal Dutch Shell are on the verge of finalizing their first large‑scale oil production agreements in Venezuela since a significant political transition in …

KEY POINTS Iran’s Revolutionary Guards have warned that no oil will leave the Middle East if the ongoing attacks by the United States and Israel persist, escalating tensions in an …

KEY POINTS President Bola Ahmed Tinubu has approved a targeted fiscal incentive designed to unlock the long-delayed Bonga Southwest Aparo (BSWA) deepwater oil project, a strategic development expected to attract …

KEY POINTS Global oil prices fell sharply as world leaders moved to reassure markets that measures are being prepared to cushion the impact of the ongoing war involving Iran on …

KEY POINTS Nigeria’s average daily consumption of Premium Motor Spirit (PMS), commonly known as petrol, declined to 56.9 million litres per day in February 2026, down from 60.2 million litres …

KEY POINTS The Jos Electricity Distribution Company, JEDC, Plc has unveiled a flexible debt repayment plan designed to help customers gradually settle outstanding electricity bills across its franchise areas. The …