In the News

KEY POINTS The Federal Government, through the Nigerian National Petroleum Company Limited, NNPC, has begun sourcing crude oil from international traders to support operations at the Dangote Petroleum Refinery amid …

KEY POINTS The Dangote Refinery has raised the ex-gantry price of Premium Motor Spirit, petrol, to N995 per litre, marking a N121 increase from its previous rate of N874 per …

KEY POINTS Global oil prices have surged past $90 per barrel following the escalating conflict involving Iran, triggering fears of another wave of global inflation. The international oil benchmark, Brent …

KEY POINTS Nigeria’s national power grid is once again under strain, with only a small number of power plants contributing electricity to the system. Latest operational data from the Nigerian …

KEY POINTS South Africa’s state-owned power utility, Eskom, has issued a formal notice warning that it could reduce or completely interrupt electricity supply to large parts of the Ekurhuleni Metropolitan …

KEY POINTS The Edo State House of Assembly has summoned the management of the Benin Electricity Distribution Company to appear before lawmakers over the persistent and worsening electricity outages across …

KEY POINTS Eskom, South Africa’s state-owned electricity provider, has started issuing formal notices to 14 municipalities over unpaid electricity bills and financial mismanagement. The affected municipalities are being given a …

KEY POINTS Nigeria’s electricity generation has fallen below the 4,000-megawatt mark due to ongoing gas supply challenges, the Nigerian Independent System Operator, NISO, reported on Thursday. As of 5 a.m., …

KEY POINTS President Bola Tinubu on Thursday announced the successful conclusion of a landmark settlement between the Federal Government of Nigeria, ENI, and Nigerian Agip Exploration Limited (NAEL) over the …

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has reassured Nigerians that it will continue to maintain a steady supply of petrol despite recent disruptions in the global oil market. The …