Markets

KEY POINTS Chevron Corp. has positioned itself as the leading contender to assume control of Iraq’s second-largest oil complex after signing preliminary agreements with Basra Oil Co. for exclusive negotiations …

KEY POINTS Aliko Dangote, president of Dangote Group, has announced that Nigerians will soon be able to buy shares in the Dangote Petroleum Refinery, revealing that the opportunity is expected …

KEY POINTS Oil prices edged lower after Iran signaled progress in nuclear talks with the United States, easing fears of military conflict. Analysts stress that short-term price swings rarely define …

KEY POINTS Brent oil prices held steady on Monday as traders weighed renewed diplomatic engagement between the United States and Iran against ongoing geopolitical tensions and fresh supply signals from …

Telkom Q3 profit rose as mobile data and fibre demand lifted revenue, expanding margins despite pressure in its BCX division

KEY POINTS Nigeria’s benchmark oil, Bonny Light, fell below $69 per barrel during the second trading session of the week. The drop in oil prices comes as escalating tensions between …

KEY POINTS Conoil Plc reported its weakest annual profit in five years for 2025, as falling fuel sales, high borrowing costs, and growing short-term debt weighed heavily on the company. …

KEY POINTS SBM Offshore, a Netherlands-based deepwater ocean-infrastructure company, has sold its largest Guyana-operated floating production storage and offloading vessel (FPSO), FPSO ONE GUYANA, to ExxonMobil Guyana Ltd for US$2.32 …

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 Nigeria’s liquefied natural gas, LNG, sector is navigating a complex global landscape as the Nigeria LNG, NLNG, company presses ahead with its ambitious Train 7 expansion project, even …