In the News

KEY POINTS NNPC Limited recorded a 33% increase in profit after tax to ₦7.2 trillion in 2025, even as lower crude oil prices and reduced white product volumes pushed revenue …

Middle East crude exports hit their highest level since the Iran war began, led by a rebound in Saudi shipments through the Strait of Hormuz.

The White House is weighing looser rules on tax-exempt red-dyed diesel, a possible alternative to an export ban as prices climb past $6 a gallon.

KEY POINTS South Africa’s state-owned electricity utility, Eskom, has sharply reduced its reliance on expensive diesel generators as the country’s electricity supply system continues to improve. Eskom spent R1.16 billion …

KEY POINTS The Nigerian National Petroleum Company Limited has welcomed the $800 million Final Investment Decision for the Ima Gas Project, describing the development as evidence that Nigeria’s upstream gas …

KEY POINTS MRS filling stations have reduced their petrol pump price in Abuja, cutting the cost of Premium Motor Spirit from N1,395 to N1,370 per litre. The N25 per litre …

KEY POINTS A Federal High Court in Abuja has ordered the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to continue granting petroleum products import licences to Matrix Energy, AA …

KEY POINTS South Africa’s Minister of Electricity and Energy, Kgosientsho Ramokgopa, has extended the tenure or Mteto Nyati as chair of Eskom’s board by another three years, providing continuity at …

KEY POINTS Several oil-bearing communities across six Niger Delta states have renewed demands for alleged outstanding land acquisition fees and rental payments from Renaissance Africa Energy Company Ltd, formerly Shell …

Nigeria’s Rural Electrification Agency has inaugurated a 581kWp solar mini-grid in Kwara’s Oke-Oyi community, powering about 13,000 residents and spurring new businesses.