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Markets

  • In the NewsMarketsOil & Gas

    Oil Prices Climb as Markets Assess Trump-Zelenskiy Talks and Wider Supply Risks

    by Oluwatosin Racheal Alabi December 29, 2025
    by Oluwatosin Racheal Alabi December 29, 2025

    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 …

  • In the NewsMarketsOil & Gas

    Libya’s Waha Oil Brings Two New Gas Wells Online at Farigh Field

    by Oluwatosin Racheal Alabi December 29, 2025
    by Oluwatosin Racheal Alabi December 29, 2025

    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 …

  • In the NewsMarketsOil & Gas

    NNPCL Sets 2026 Targets as Oil and Gas Output Surges in 2025

    by Oluwatosin Racheal Alabi December 29, 2025
    by Oluwatosin Racheal Alabi December 29, 2025

    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 …

  • In the NewsMarketsOil & Gas

    Conoil Announces N2.43 Billion Dividend After Strong Annual Growth

    by Oluwatosin Racheal Alabi December 23, 2025
    by Oluwatosin Racheal Alabi December 23, 2025

    KEY POINTS Conoil Plc moved to reassure its investors this week, announcing a substantial dividend payout following a year of notable financial growth. At the company’s 55th Annual General Meeting …

  • In the NewsMarketsOil & Gas

    Dangote Refinery Opens Hotline to Report MRS Stations Overcharging for Fuel

    by Oluwatosin Racheal Alabi December 23, 2025
    by Oluwatosin Racheal Alabi December 23, 2025

    KEY POINTS Dangote Petroleum Refinery is taking its new fuel price directly to the public, launching a hotline for consumers to report MRS retailers charging too much. The company announced …

  • In the NewsMarketsOil & Gas

    Heirs Energies Secures $750 Million Afreximbank Loan to Double Production

    by Oluwatosin Racheal Alabi December 22, 2025
    by Oluwatosin Racheal Alabi December 22, 2025

    KEY POINTS Nigerian indigenous energy producer Heirs Energies has secured a major seven hundred and fifty million dollar financing facility from the African Export-Import Bank. The deal, signed in Abuja …

  • In the NewsMarketsOil & Gas

    Dangote Refinery Reshapes Nigerian Fuel Market with Aggressive New Pricing

    by Oluwatosin Racheal Alabi December 22, 2025
    by Oluwatosin Racheal Alabi December 22, 2025

    KEY POINTS In a move set to directly impact the cost of living and transportation nationwide, the Dangote Petroleum Refinery has formally commenced the sale of petrol, known as Premium …

  • In the NewsMarketsOil & Gas

    Oil Prices Climb on US Interception of Venezuelan Tanker

    by Oluwatosin Racheal Alabi December 22, 2025
    by Oluwatosin Racheal Alabi December 22, 2025

    KEY POINTS Oil markets shifted higher on Monday as geopolitical tensions injected a fresh dose of uncertainty into a market otherwise weighed down by oversupply concerns. The price rise followed …

  • In the NewsMarketsOil & Gas

    Nigeria’s Oil Revenue Collapses by N18.6 Trillion

    by Oluwatosin Racheal Alabi December 20, 2025
    by Oluwatosin Racheal Alabi December 20, 2025

    KEY POINTS A profound crisis is unfolding within Nigeria’s public finances, with newly released data revealing the federal government’s oil and gas revenue fell a staggering 62% short of target …

  • In the NewsMarketsOil & Gas

    Oil Heads for Second Weekly Loss as Swelling Supply Outlook Dulls Geopolitical Risk

    by Oluwatosin Racheal Alabi December 19, 2025
    by Oluwatosin Racheal Alabi December 19, 2025

    KEY POINTS Oil prices slid again on Friday, leaving the market on course for a second consecutive weekly decline as expectations of rising supply from OPEC+ producers and the United …

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  • Dangote Refinery Cuts Petrol Price by N25, Bringing Gantry Rate to N774 per Litre
  • Nigerian Oil & Gas Sector Surges 31% in 2026
  • Nigeria’s Oil Price Slides Below $69 Amid Rising US-Iran Tensions
  • Conoil Records Lowest Profit in Five Years Amid Rising Debt and Borrowing Costs
  • Aiteo Breaks New Ground in Libya as Benedict Peters Expands African Energy Footprint

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Editors' Picks

Nigeria’s Oil Boom: Record Production in September 2023

Dangote Refinery Cuts Petrol Price by N25, Bringing Gantry Rate to N774 per Litre
Nigerian Oil & Gas Sector Surges 31% in 2026

Latest Stories

Dangote Refinery Cuts Petrol Price by N25, Bringing Gantry...
Nigerian Oil & Gas Sector Surges 31% in 2026
Nigeria’s Oil Price Slides Below $69 Amid Rising US-Iran...

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