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In the News

  • Energy TransitionIn the News

    Glencore-Merafe Halts Job Cuts after South Africa Approves Cheaper Electricity Tariff

    by Oluwatosin Racheal Alabi June 16, 2026
    by Oluwatosin Racheal Alabi June 16, 2026

    KEY POINTS The Glencore-Merafe Chrome Venture has suspended planned layoffs after South Africa’s energy regulator approved a reduced electricity tariff of 62 cents per kilowatt-hour for the ferrochrome industry, offering …

  • In the NewsMarketsOil & Gas

    Oil Prices Fall as US-Iran Peace Deal Reopens Strait of Hormuz

    by Oluwatosin Racheal Alabi June 15, 2026
    by Oluwatosin Racheal Alabi June 15, 2026

    KEY POINTS Global oil prices plunged on Monday after the United States and Iran announced that they had reached an initial agreement aimed at ending their conflict and restoring maritime …

  • In the News

    Dangote Refinery Slashes West Africa Fuel Imports

    by Oluwatosin Racheal Alabi June 15, 2026
    by Oluwatosin Racheal Alabi June 15, 2026

    KEY POINTS The rapid expansion of the Dangote Petroleum Refinery has significantly reduced West Africa’s reliance on imported refined petroleum products, reshaping regional energy trade flows and shipping patterns. New …

  • In the News

    SERAP Sues NNPCL Over ₦5.9bn Rebranding Cost

    by Oluwatosin Racheal Alabi June 15, 2026
    by Oluwatosin Racheal Alabi June 15, 2026

    KEY POINTS The Socio-Economic Rights and Accountability Project SERAP has filed a lawsuit against the Nigerian National Petroleum Company Limited NNPCL at the Federal High Court in Abuja, challenging its …

  • Energy TransitionIn the News

    Eskom Pays R5.4bn Bonuses Amid Financial Scrutiny

    by Oluwatosin Racheal Alabi June 15, 2026
    by Oluwatosin Racheal Alabi June 15, 2026

    KEY POINTS South Africa’s state-owned power utility, Eskom, has come under renewed scrutiny after disclosing that it paid about R5.4 billion in staff bonuses in the 2025 financial year, despite …

  • In the News

    MTN Nigeria Signs a 34MW Solar Deal to Cut Diesel Costs Across Its Critical Network Sites

    by Ikeoluwa Juliana Ogungbangbe June 15, 2026
    by Ikeoluwa Juliana Ogungbangbe June 15, 2026

    KEY POINTS Nigeria’s telecom operators spend hundreds of billions of naira every year keeping their networks alive on diesel. MTN Nigeria has decided it is done subsidizing that problem. The …

  • In the News

    ECOWAS Parliament Meets in Dakar to Tackle West Africa’s Rural Electricity Crisis

    by Ikeoluwa Juliana Ogungbangbe June 15, 2026
    by Ikeoluwa Juliana Ogungbangbe June 15, 2026

    ECOWAS Parliament has opened a five-day meeting in Dakar to develop strategies for expanding renewable energy and rural electrification across West Africa.

  • In the News

    TotalEnergies Restarted Its $20 Billion Mozambique Gas Project

    by Ikeoluwa Juliana Ogungbangbe June 15, 2026
    by Ikeoluwa Juliana Ogungbangbe June 15, 2026

    TotalEnergies has resumed its $20 billion Mozambique gas project after a five-year suspension, reigniting both hopes for prosperity and frustration over unfulfilled community promises.

  • In the News

    Tinubu Praises REA as Nigeria Inaugurates 20MW Solar Mini-Grid Projects in Kogi

    by Ikeoluwa Juliana Ogungbangbe June 15, 2026
    by Ikeoluwa Juliana Ogungbangbe June 15, 2026

    President Tinubu praised the REA as Nigeria inaugurated its largest solar hybrid mini-grid projects in North-Central, providing clean power to over 5,000 households.

  • In the NewsMarketsOil & Gas

    Shell Suspends $3bn Share Buyback Ahead of $16.4bn ARC Resources Deal Vote

    by Oluwatosin Racheal Alabi June 14, 2026
    by Oluwatosin Racheal Alabi June 14, 2026

    KEY POINTS British energy giant Shell has temporarily halted its $3 billion share buyback programme as it prepares for a crucial shareholder vote related to its proposed acquisition of Canadian …

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Nigeria’s Oil Boom: Record Production in September 2023

Oil extends gains as US-Iran talks show little progress
Capricorn Energy lifts production outlook as Egypt drives DNO takeover

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Oil extends gains as US-Iran talks show little progress
Capricorn Energy lifts production outlook as Egypt drives DNO...
NSCDC Arrests Three Over NNPC Pipeline Vandalism in Abuja

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