Markets

KEY POINTS TotalEnergies has formally restarted construction of its $20 billion Mozambique LNG project, bringing to an end a nearly five-year suspension of one of Africa’s largest energy investments. Work …

KEY POINTS Crude oil prices climbed sharply on Thursday, extending gains for a third consecutive session, as growing fears of a potential US military strike on Iran heightened concerns about …

KEY POINTS Nigeria’s crude oil exports are projected to fall by about 14 per cent in March, with scheduled loadings for four major crude grades estimated at roughly 793,000 barrels …

KEY POINTS The Federal Government of Nigeria has successfully raised ₦501 billion through its inaugural power sector bond under the Presidential Power Sector Debt Reduction Programme (PPSDRP), achieving 100 per …

KEY POINTS The price of Premium Motor Spirit (PMS), which is also known as petrol, has gone up by ₦100 per litre across Nigeria. This is a big change in …

KEY POINTS A planned initial public offering (IPO) of Aliko Dangote’s $20 billion Dangote Petroleum Refinery could dramatically expand the size of Nigeria’s capital market, potentially pushing total stock market …

KEY POINTS Global oil prices held steady on Monday, remaining above Nigeria’s 2026 budget benchmark of $64.85 per barrel, as supply disruptions and rising geopolitical tensions in the Middle East …

KEY POINTS Chevron has dispatched a larger fleet of tankers to transport Venezuelan crude, sending 15 vessels carrying around 200,000 barrels per day, the most since March, under a U.S. …

KEY POINTS Seplat Energy Plc hit an all-time high on the Nigerian Exchange (NGX) after gaining more than 15% in January 2026. This happened after one of its founding investors …

KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has asked private investors to put between $30 billion and $50 billion into Nigeria’s midstream petroleum sector. They say …