Markets

KEY POINTS The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has praised the Federal Government and the Nigerian National Petroleum Company Limited, NNPC Ltd., over a new partnership …

KEY POINTS Dangote Refinery has increased the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦1,275 to ₦1,350 per litre. The latest adjustment represents about a …

KEY POINTS Shell has reported a strong financial performance, posting adjusted profits of $6.92 billion for the first quarter of 2026, marking its highest quarterly profit in two years. The …

KEY POINTS Nigeria’s crude oil producers delivered less than half of the volumes allocated to domestic refineries in the first quarter of 2026, raising concerns about the country’s refining ambitions. …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has revealed that Nigeria’s domestic refineries, including the Dangote Refinery and others, received only between 36 and 46 percent of their …

KEY POINTS Two of the world’s biggest energy companies, ExxonMobil and Chevron, have reported significant drops in first-quarter profits for 2026, even as global oil prices surged due to supply …

KEY POINTS Oil prices fluctuated sharply on Friday, ultimately closing mixed. Brent crude rose slightly to $105.33 per barrel, while U.S. West Texas Intermediate (WTI) fell to $94.40. Despite the …

KEY POINTS The Managing Director/CEO of Aradel Holdings Plc, Gbite Falade, has revealed the company’s ambition to contribute to Nigeria’s oil production target by reaching 2 million barrels per day …

KEY POINTS The Federal Government has praised ExxonMobil Nigeria for investing over $3.5 billion in the country’s oil and gas sector, describing the move as a strong signal of renewed …

KEY POINTS Global oil prices rose by more than 1% on Thursday, recovering from earlier losses as traders grew increasingly doubtful that ongoing diplomatic efforts between the United States and …