In the News

KEY POINTS The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has called on the Federal Government to channel potential gains from rising global oil prices into the development …

KEY POINTS Officials of the government of Togo have approached Nigeria to increase the volume of electricity supplied to the country as demand for power continues to surge across its …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has announced that the long-standing practice of oil companies holding petroleum licences without developing the associated assets has effectively come to …

KEY POINTS The National Energy Regulator of South Africa, Nersa, has announced a new schedule for municipalities and electricity distributors to submit their tariff applications for the 2026/27 financial year. …

KEY POINTS France and Italy have reportedly initiated diplomatic contacts with Iran in an effort to ensure the safe passage of their commercial vessels through the Strait of Hormuz, a …

KEY POINTS The Dangote Refinery has increased its ex-gantry price for Premium Motor Spirit (PMS), commonly known as petrol, to N1,175 per litre, marking a N100 rise from its previous …

KEY POINTS Eskom is losing an estimated R6 billion annually in KwaZulu-Natal due to widespread electricity theft, with around 50% of its 1.2 million provincial customers illegally accessing power. Many …

KEY POINTS The National Energy Regulator of South Africa, NERSA, has approved an electricity tariff increase of 8.76% for Eskom direct customers and 9.01% for municipal distributors for the 2026/27 …

KEY POINTS The ongoing war in Iran pushed Brent crude oil prices above $100 per barrel, rising 9.2% to settle at $100.46. Stock markets worldwide suffered sharp losses, with the …

KEY POINTS Chevron Nigeria Limited has reaffirmed its dedication to promoting socio-economic development in the Niger Delta, highlighting continued collaboration with government agencies, local communities, and development bodies. The company …