In the News

KEY POINTS Petroleum remains king in Nigeria’s export economy, commanding a lion’s share of its foreign trade earnings and reinforcing the West African nation’s position among the world’s major oil …

KEY POINTS Nigeria’s Presidency on Saturday firmly denied reports claiming that Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPC Ltd, has resigned under …

KEY POINTS Nigerians are paying significantly more to power their generators and heavy-duty vehicles as diesel prices continue to climb. Energy News Africa reports that the average retail price of …

KEY POINTS Oando Foundation has launched a new initiative aimed at addressing youth unemployment and accelerating climate action in Nigeria through practical upskilling. The Green Youth Upskilling Programme (GYUP), unveiled …

KEY POINTS The average price of petrol in Nigeria surged to ₦1,037.66 per litre in June, up nearly 40% from a year earlier, as government deregulation continues to ripple through …

KEY POINTS ExxonMobil is preparing to ink a conditional deal for offshore gas exploration in Libya, according to a statement by the U.S.  Embassy in Tripoli—potentially signaling the American energy …

KEY POINTS Hill International, a U.S.-based construction management firm, has secured a $235 million contract to oversee a long-delayed offshore development in Libya, as the war-battered North African nation tries …

KEY POINTS Petrol importers in Nigeria have significantly slashed prices below the rates offered by the Dangote Petroleum Refinery, setting off a fierce price battle that is reshaping the dynamics …

KEY POINTS Egypt is poised to significantly boost its liquefied natural gas, LNG, imports through the end of the decade as domestic production fails to keep pace with soaring demand, …

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has withdrawn its high-profile lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited (NNPC Ltd), …