Markets

KEY POINTS The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has asked the Federal Government and the Nigerian National Petroleum Company Limited to make a clear and realistic …

KEY POINTS Nigeria’s electricity generation fell sharply in the third quarter of 2025, with gas supply shortages and mechanical outages cutting output by more than 600 gigawatt hours, according to …

Dana Gas received $50 million from Egypt, easing receivables and backing a drilling programme aimed at lifting gas output and cutting fuel imports

KEY POINTS Rostam Aziz, a Tanzanian billionaire, runs the Taifa Group, an East African industrial and energy conglomerate. The company plans to invest more than $500 million in Zambia over …

KEY POINTS Nigeria is saving more than N10 trillion every year following the removal of fuel subsidy, according to Senator Olamilekan Adeola, representing Ogun West Senatorial District. Speaking on Saturday …

KEY POINTS As competition in the downstream oil market intensifies, the Nigerian National Petroleum Company Limited, NNPC, has once again reduced the price of fuel at its retail locations by …

KEY POINTS ExxonMobil Corp.’s stock closed at a new 52-week high on Monday, reaching $120.82 per share. The milestone caps a year in which the energy giant’s shares have climbed …

KEY POINTS Oil prices moved higher on Monday as investors digested the outcome of talks between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy, while keeping a close eye …

KEY POINTS Libya’s Waha Oil Company says it has brought two new gas wells into operation at its Farigh field, marking a modest but important boost to the country’s natural …

KEY POINTS Nigeria’s National Petroleum Company Limited, NNPCL, reported strong gains in 2025, with crude oil and gas production rising above expectations, officials said. Group Chief Executive Officer Bayo Ojulari …