Markets

KEY POINTS South Africa’s state-owned power utility Eskom has begun exploratory discussions with the World Bank Group over potential funding support for a major nuclear energy expansion programme. The proposed …

KEY POINTS Shell has reported a first-quarter adjusted profit of $6.9 billion, its strongest performance in two years, surpassing analyst expectations of $6.36 billion. The result represents a sharp increase …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has called for stronger collaboration among players in the gas, power, and financial sectors to address persistent challenges in Nigeria’s gas-to-power …

KEY POINTS Nigerians spent an estimated ₦5.43 trillion on petrol, commonly known as petrol, in the first quarter of 2026, amid rising fuel prices and ongoing tensions in the downstream …

KEY POINTS Seplat Energy Plc has confirmed the exchange rate it will use to convert its dollar-denominated dividends for the 2025 financial year, as it prepares to distribute over ₦68 …

KEY POINTS Shell Nigeria Gas, SNG, convened industry stakeholders in Port Harcourt to explore how natural gas can reduce operational costs, boost productivity, and attract investments across Nigeria’s industrial sector. …

KEY POINTS Global oil prices surged on Friday, rising more than 3%, after comments by U.S. President Donald Trump signaled growing frustration with Iran, raising fresh fears over potential disruptions …

KEY POINTS Kenya has announced a significant increase in retail fuel prices, raising them by as much as 23.5% following continued volatility in global oil markets linked to tensions in …

KEY POINTS Nigeria has once again failed to meet its crude oil production quota set by the Organization of the Petroleum Exporting Countries, OPEC, after recording an average daily output …

KEY POINTS Global oil prices remained largely unchanged on Thursday after reports from Iran suggested that about 30 vessels had recently crossed the Strait of Hormuz, easing immediate concerns over …