Markets

KEY POINTS Conoil Plc recorded a remarkable financial performance in the first quarter of 2026, with profit after tax rising sharply to N3.90 billion, reflecting a twelve-fold increase compared to …

KEY POINTS Global crude oil prices fell sharply on Monday, dropping to about $82 per barrel after the United States, Israel, and Iran reportedly reached an agreement to end months …

KEY POINTS Global oil prices plunged on Monday after the United States and Iran announced that they had reached an initial agreement aimed at ending their conflict and restoring maritime …

KEY POINTS British energy giant Shell has temporarily halted its $3 billion share buyback programme as it prepares for a crucial shareholder vote related to its proposed acquisition of Canadian …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has stepped up collaboration with security agencies to combat rising cases of pipeline vandalism and protect critical oil and gas infrastructure …

KEY POINTS Africa’s largest financial institution, Standard Bank Group, has pledged its support for the planned Initial Public Offering, IPO, of the Dangote Petroleum Refinery, signalling strong investor confidence in …

KEY POINTS Eskom has reported major progress in its nationwide programme aimed at eliminating load reduction by 2027, with more than 700,000 households already removed from the system. According to …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has reaffirmed its commitment to ending routine gas flaring by 2030 and reducing methane emissions by 60 per cent by 2035 …

KEY POINTS The President of the State Oil Company of Azerbaijan Republic, SOCAR, Rovshan Najaf, held discussions with John Ardill, Vice President of ExxonMobil Corporation, on the sidelines of the …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission,NUPRC, has assured stakeholders that Nigeria’s crude oil and gas production continues without disruption, despite an ongoing industrial action by workers under the …