In the News

Lagos business chamber says tax breaks, cheaper loans and lower import costs could help small firms switch from costly generators to cleaner energy.

KEY POINTS The Nigerian National Petroleum Company (NNPC) Limited has called for sustained investment across Nigeria’s petroleum industry and stronger regional cooperation to improve energy security, support economic growth and …

KEY POINTS The Transmission Company of Nigeria (TCN) has restored the Ikeja-West/Omotosho 330-kilovolt transmission line after an outage disrupted bulk electricity supply to parts of Lagos. The line tripped at …

KEY POINTS Nigeria has launched a nationwide programme to improve the safety of liquefied petroleum gas (LPG) cylinders, expand clean cooking and support local manufacturing and job creation. The National …

Equinor reported adjusted operating income of $12.35 billion for the third quarter as the Middle East war lifted oil and gas prices.

KEY POINTS South Africa’s power utility, Eskom, has announced a nine-hour electricity outage in Braamfischer, Soweto, on Thursday, October 29, 2026, to allow maintenance work on its distribution network. The …

KEY POINTS President Bola Tinubu has reaffirmed his administration’s commitment to rehabilitating Nigeria’s four state-owned refineries, saying the facilities will not be allowed to become stranded investments as the country …

Brent fell about 1% to $114.81 and WTI to $100.88 as Tehran talks lifted hopes of a US-Iran breakthrough, despite Houthi attacks on Saudi Arabia.

KEY POINTS Nigeria’s domestic refineries received more than 127 million barrels of crude oil and condensate between January and September 2026, as regulators reported improved supplies and the federal government …

KEY POINTS Motorists in Minna, the Niger State capital, have staged a peaceful protest over the prolonged unavailability of compressed natural gas (CNG) at the Nigerian National Petroleum Company (NNPC) …