In the News

Aliko Dangote has secured a $600 million loan from the Africa Finance Corporation to expand fertiliser production and generate $4 billion in annual export earnings.

Chevron says Cyprus is a natural fit for the East Mediterranean’s energy future as the Aphrodite gas field moves closer to a final investment decision.

KEY POINTS Global crude oil prices fell sharply on Monday, dropping to about $82 per barrel after the United States, Israel, and Iran reportedly reached an agreement to end months …

KEY POINTS Dangote Petroleum Refinery has announced a reduction in its petrol gantry price to ₦1,175 per litre, marking a fresh adjustment in Nigeria’s downstream petroleum market. The development represents …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has launched an early retirement programme that has reportedly attracted strong participation, with officials revealing that more than 70 per cent …

KEY POINTS The Glencore-Merafe Chrome Venture has suspended planned layoffs after South Africa’s energy regulator approved a reduced electricity tariff of 62 cents per kilowatt-hour for the ferrochrome industry, offering …

KEY POINTS Global oil prices plunged on Monday after the United States and Iran announced that they had reached an initial agreement aimed at ending their conflict and restoring maritime …

KEY POINTS The rapid expansion of the Dangote Petroleum Refinery has significantly reduced West Africa’s reliance on imported refined petroleum products, reshaping regional energy trade flows and shipping patterns. New …

KEY POINTS The Socio-Economic Rights and Accountability Project SERAP has filed a lawsuit against the Nigerian National Petroleum Company Limited NNPCL at the Federal High Court in Abuja, challenging its …

KEY POINTS South Africa’s state-owned power utility, Eskom, has come under renewed scrutiny after disclosing that it paid about R5.4 billion in staff bonuses in the 2025 financial year, despite …