In the News

KEY POINTS The Centre for the Promotion of Private Enterprise, CPPE, has raised alarm over Nigeria’s chronic electricity supply issues, estimating that the country loses between N7 trillion and N10 …

KEY POINTS French energy company TotalEnergies and the United States government announced an agreement to redirect nearly $1 billion from offshore wind leases to domestic oil and natural gas projects. …

KEY POINTS Nigeria earned $31.54 billion from crude oil exports in 2025, according to data released by the Central Bank of Nigeria (CBN). The figure represents a 14.41 percent decline …

KEY POINTS Goldman Sachs has raised its oil price forecasts for 2026, citing a severe disruption to crude flows through the Strait of Hormuz that the bank described as the …

KEY POINTS The Chief Executive Officer of the Association of Nigerian Electricity Distributors, Sunday Oduntan, has defended Nigeria’s continued electricity supply to Togo despite persistent domestic shortages, insisting the country …

KEY POINTS US President Donald Trump has postponed planned military strikes on Iranian power plants and energy infrastructure for five days, saying Washington and Tehran have held “very good and …

KEY POINTS Egypt petroleum ministry has announced that the country will pay $1.3 billion in arrears to international oil companies by June, advancing its previously scheduled repayment timetable. The move …

KEY POINTS Eskom has outlined an ambitious plan to eliminate load reduction by 2027 through a phased nationwide smart meter rollout. The initiative, highlighted in its latest power system update, …

KEY POINTS Global crude oil prices closed the week ending March 20, 2026, at $112 per barrel, marking an 8.22% weekly increase. Brent Crude Futures have climbed more than 53% …

KEY POINTS Algeria, the world’s third-largest oil producer, is making significant progress on the long-stalled $13 billion Trans-Sahara Gas Pipeline, a 4,100-kilometre initiative aimed at transporting natural gas from West …