In the News

KEY POINTS Nigerian indigenous energy producer Heirs Energies has secured a major seven hundred and fifty million dollar financing facility from the African Export-Import Bank. The deal, signed in Abuja …

KEY POINTS In a move set to directly impact the cost of living and transportation nationwide, the Dangote Petroleum Refinery has formally commenced the sale of petrol, known as Premium …

The head of Nigeria’s prominent oil sector union has proposed a middle path for the long-awaited restructuring of the country’s beleaguered state refineries. Festus Osifo, President of the Petroleum and …

KEY POINTS Oil markets shifted higher on Monday as geopolitical tensions injected a fresh dose of uncertainty into a market otherwise weighed down by oversupply concerns. The price rise followed …

KEY POINTS A former contract staff member of the oil giant ExxonMobil James Essien has died from injuries sustained during a physical fight in Eket, Akwa Ibom state. The police …

KEY POINTS A profound crisis is unfolding within Nigeria’s public finances, with newly released data revealing the federal government’s oil and gas revenue fell a staggering 62% short of target …

KEY POINTS President Bola Tinubu has moved to reinvigorate Nigeria’s faltering power sector by reconstituting the board of the Nigerian Electricity Regulatory Commission, NERC, appointing insider Dr. Musiliu Olalekan Oseni …

KEY POINTS Oil prices slid again on Friday, leaving the market on course for a second consecutive weekly decline as expectations of rising supply from OPEC+ producers and the United …

KEY POINTS Nigeria’s independent petrol retailers, IPMAN, are preparing for a more ambitious role in the country’s energy market, with plans to invest directly in refinery ownership and a fresh …

KEY POINTS Nigeria’s state owned oil company has won a $285m arbitration award against a subsidiary of France’s TotalEnergies, bringing to a close a legal battle that has stretched for …