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In the News

  • In the NewsMarketsOil & Gas

    NUPRC Urges Coordinated Action to Fix Nigeria’s Gas-to-Power Crisis

    by Oluwatosin Racheal Alabi May 19, 2026
    by Oluwatosin Racheal Alabi May 19, 2026

    KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has called for stronger collaboration among players in the gas, power, and financial sectors to address persistent challenges in Nigeria’s gas-to-power …

  • In the News

    Oil Firm Backs Nigeria’s Push to Hit OPEC 2.5 Million Barrels Target

    by Ikeoluwa Juliana Ogungbangbe May 18, 2026
    by Ikeoluwa Juliana Ogungbangbe May 18, 2026

    Pipeline surveillance firm PINL says Nigeria can hit OPEC’s 2.5 million barrels per day target after April production data showed strong gains and zero pipeline disruptions.

  • In the NewsOil & Gas

    DAPPMAN Rejects Dangote Refinery Lawsuit, Says Import Licences Protect Energy Security

    by Oluwatosin Racheal Alabi May 18, 2026
    by Oluwatosin Racheal Alabi May 18, 2026

    KEY POINTS The Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, has pledged full support for its members in the ongoing legal dispute involving the Dangote Petroleum Refinery and …

  • In the NewsMarketsOil & Gas

    Nigerians Spend ₦5.43 Trillion on Petrol in Q1 2026

    by Oluwatosin Racheal Alabi May 18, 2026
    by Oluwatosin Racheal Alabi May 18, 2026

    KEY POINTS Nigerians spent an estimated ₦5.43 trillion on petrol, commonly known as petrol, in the first quarter of 2026, amid rising fuel prices and ongoing tensions in the downstream …

  • In the NewsMarkets

    Seplat Confirms Exchange Rate for ₦68.26 Billion FY2025 Dividend as Profit Surges

    by Oluwatosin Racheal Alabi May 18, 2026
    by Oluwatosin Racheal Alabi May 18, 2026

    KEY POINTS Seplat Energy Plc has confirmed the exchange rate it will use to convert its dollar-denominated dividends for the 2025 financial year, as it prepares to distribute over ₦68 …

  • In the News

    Museveni Backs East African Regional Refinery Plan After Talks With Dangote

    by Oluwatosin Racheal Alabi May 18, 2026
    by Oluwatosin Racheal Alabi May 18, 2026

    KEY POINTS Ugandan President Yoweri Museveni has expressed strong support for a proposed East African regional oil refinery following discussions with Nigerian billionaire and industrialist Aliko Dangote, signalling renewed momentum …

  • In the News

    Nigeria Backs NNPC-China Refinery Deal Amid Growing Opposition

    by Ikeoluwa Juliana Ogungbangbe May 18, 2026
    by Ikeoluwa Juliana Ogungbangbe May 18, 2026

    Industry leaders, economists and labor unions have backed NNPC’s deal with two Chinese firms to revive Nigeria’s long-idle refineries despite sharp opposition from critics.

  • In the News

    Drone Strike Hits Perimeter of UAE’s Barakah Nuclear Plant, Raising Regional Alarm

    by Ikeoluwa Juliana Ogungbangbe May 18, 2026
    by Ikeoluwa Juliana Ogungbangbe May 18, 2026

    A drone hit an electrical generator near the UAE’s Barakah nuclear plant Sunday, forcing one reactor onto emergency power and raising fears of regional escalation.

  • In the News

    BP Weighs Sale of Egyptian Gas Assets Amid Major Company Restructuring

    by Ikeoluwa Juliana Ogungbangbe May 18, 2026
    by Ikeoluwa Juliana Ogungbangbe May 18, 2026

    BP is weighing a sale of some of its Egyptian natural gas assets as new CEO Meg O’Neill pushes the supermajor back toward its core oil and gas business.

  • In the NewsMarketsOil & Gas

    Shell Pushes Gas Adoption as Demand for Cleaner, Cheaper Energy Rises

    by Oluwatosin Racheal Alabi May 17, 2026
    by Oluwatosin Racheal Alabi May 17, 2026

    KEY POINTS Shell Nigeria Gas, SNG, convened industry stakeholders in Port Harcourt to explore how natural gas can reduce operational costs, boost productivity, and attract investments across Nigeria’s industrial sector. …

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  • Aliko Dangote Wins African Energy Person of the Year 2026 Award
  • Nigeria Restores 450MW Alaoji Power Plant After Three Years of Costly Shutdown
  • Otedola Sells Geregu Stake to Fund Planned Investment in Dangote Refinery IPO
  • Nigeria’s Non-Oil Exporters Are Growing Fast, But Logistics Costs Are Killing Them

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Nigeria’s Oil Boom: Record Production in September 2023

Sanlam Morocco and TotalEnergies Partner to Boost Seamless Mobility and Insurance Services
Aliko Dangote Wins African Energy Person of the Year 2026 Award

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Sanlam Morocco and TotalEnergies Partner to Boost Seamless Mobility...
Aliko Dangote Wins African Energy Person of the Year...
Nigeria Restores 450MW Alaoji Power Plant After Three Years...

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