Markets

KEY POINTS In July, Nigeria’s petrol prices slightly decreased, providing little respite to consumers from months of high energy prices that still have a significant impact on household budgets and …

KEY POINTS European oil majors are reshaping their portfolios to attract capital for decarbonization projects, as evidenced by Eni SpA’s agreement to sell Global Infrastructure Partners a 49.9% stake in …

KEY POINTS For two months in a row, Nigeria has maintained OPEC crude production above the 1.5 million barrels per day mark, bolstering its attempts to win back investor trust …

KEY POINTS In a daring gamble on Africa’s upstream potential, Heirs Energies Ltd. plans to double crude production in the next five years as independent producers on the continent take …

KEY POINTS Although it provides some respite for drivers, the Nigerian National Petroleum Company Limited‘s, NNPC decision to lower the pump price of gasoline by ₦10 per litre at its …

KEY POINTS A South African court has thrown out environmental approval for an offshore oil and gas exploration project led by TotalEnergies, ruling that the French energy giant’s assessment failed …

KEY POINTS After the U.S. Energy Information Administration (EIA) predicted that Brent crude could average below $60 a barrel in the fourth quarter, a level last observed during the pandemic’s …

KEY POINTS According to new data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigeria’s daily fuel consumption fell precipitously in June, with overall supply levels reaching one …

KEY POINTS Dangote refinery has lowered the wholesale price of gasoline, the second big action in two months to stabilize supply and ease pressure on petrol prices. On Tuesday, Dangote …

KEY POINTS In a candid revelation from his upcoming memoir, Making It Big: Lessons from a Life in Business, Femi Otedola, Nigeria’s billionaire investor and philanthropist, shares a harrowing chapter …