In the News

KEY POINTS The Nigerian National Petroleum Company Limited, NNPCL, has disclosed that Nigeria needs about 22 billion dollars in fresh investment to complete its planned gas pipeline network, warning that …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has reaffirmed its commitment to institutional transparency with a pledge to fully digitise internal communications within 60 days, a move the …

KEY POINTS Shares of Seplat Energy Plc recorded a dramatic surge on the stock market after Heirs Energies Limited completed a major equity acquisition backed by billionaire investor Tony Elumelu, …

KEY POINTS A Nigerian court has directed an oil exploration company owned by billionaire businessman Mohammed Indimi to pay $43.51 million to his daughters, Ameena and Zara Indimi, following a …

KEY POINTS A United States district court has sentenced Paulinus Okoronkwo, a Nigerian-American and former general manager at NNPC Limited, to 87 months in prison for accepting a $2.1 million …

KEY POINTS South Africa’s state-owned power utility, Eskom Holdings SOC Ltd., has sparked controversy after releasing a study arguing that installing emissions-cutting technology at its Medupi facility would be too …

KEY POINTS Shell Plc is in preliminary discussions with several companies, including a unit of Abu Dhabi National Oil Co., about selling a minority interest in its A$34 billion ($24 …

KEY POINTS Africa’s foremost industrialist, Aliko Dangote, has unveiled plans for Dangote Refinery to supply up to 65 million litres of petrol daily within Nigeria while exporting an additional 15 …

KEY POINTS Nigeria’s energy sector regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has stepped up engagement with operators, wholesale distributors, and financial stakeholders in a broad effort …

The exploration licence held by ExxonMobil for the Canje offshore block is set to expire on March 4, 2026, according to officials from the Ministry of Natural Resources in Guyana, …