Markets

KEY POINTS Chevron Nigeria Limited says it is refocusing its investment portfolio in Nigeria to significantly boost crude oil production, leveraging ongoing government reforms and the Petroleum Industry Act (PIA). …

KEY POINTS Shell Plc has promised to put about $20 billion into Nigeria’s energy sector over the next few years. This shows that investors are once again confident in the …

KEY POINTS Aliko Dangote, Africa’s richest man, is seeing his huge refinery in Lagos become more important around the world as refineries close in Europe and North America. According to …

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 …