In the News

KEY POINTS Dangote Petroleum Refinery & Petrochemicals (DPRP) has strongly refuted reports suggesting that it imports finished petroleum products, describing the claims as false, misleading, and rooted in a fundamental …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has shut down its state-owned refineries following an internal review that revealed the facilities were incurring “monumental losses” and destroying value …

KEY POINTS The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPC Ltd, Engr. Bashir Bayo Ojulari, says Nigeria’s long-term prosperity depends largely on how effectively it …

KEY POINTS Africa recorded its strongest year of solar energy deployment in 2025, with South Africa and Nigeria emerging as the continent’s top drivers of new capacity, policy reforms and …

KEY POINTS US energy giant ExxonMobil has begun drilling an appraisal well offshore Guyana, aiming to evaluate the potential of a recent major oil and gas find in the Stabroek …

KEY POINTS South Africa’s power utility Eskom has warned that load-shedding could return near the end of the decade if planned new gas power plants are delayed and coal power …

KEY POINTS The Federal Government has announced a major shift in electricity subsidy policy, moving to distribute the financial burden across federal, state, and local governments starting in 2026. The …

KEY POINTS Officials from the Equatorial Guinea government and representatives of major oil companies, including Chevron, signed a pivotal gas development agreement in the capital, Malabo, on 30 January 2026. …

KEY POINTS Three subsidiaries of the Dangote Group; Dangote Petroleum Refinery, Dangote Fertiliser Plant, and Dangote Cement Plc,announced on Monday that they had signed strengthened gas supply contracts with units …

KEY POINTS Conoil Plc, one of Nigeria’s leading petroleum marketing companies listed on the Nigerian Exchange Limited, has reported a steep drop in profits for the 2025 financial year. The …