Markets

KEY POINTS Global oil prices have surged past $90 per barrel following the escalating conflict involving Iran, triggering fears of another wave of global inflation. The international oil benchmark, Brent …

KEY POINTS Global oil prices rose sharply on Tuesday as escalating tensions in the Middle East raised concerns about a prolonged conflict and the potential disruption of global energy supply. …

KEY POINTS Seplat Energy Plc has restarted production from 49 dormant oil wells acquired from ExxonMobil, unlocking fresh output and signalling a new phase of growth for the Nigerian independent …

KEY POINTS Motorists across Nigeria are facing another surge in petrol prices after the Nigerian National Petroleum Company Limited, NNPC, increased pump prices at its retail outlets. The national oil …

KEY POINTS OPEC, the coalition of major oil-producing nations including Saudi Arabia and Russia, has agreed to raise oil production by 547,000 barrels per day starting September 2026. This decision …

KEY POINTS Nigeria’s biggest industrial project is preparing for a major financial milestone. The Dangote Group has selected three investment firms to oversee what could become the largest share sale …

KEY POINTS Seplat Energy Plc has reported a major financial leap in its full-year 2025 audited results, with revenue rising by 144.2 percent to 2.726 billion dollars, compared with 1.116 …

KEY POINTS Nigeria’s flagship crude grade, Bonny Light, is trading around $71 per barrel, slightly down from about $72.30 earlier in the week. Despite the dip, the price remains comfortably …

KEY POINTS Shares of Seplat Energy Plc recorded a dramatic surge on the stock market after Heirs Energies Limited completed a major equity acquisition backed by billionaire investor Tony Elumelu, …

KEY POINTS South Africa’s state-owned power utility, Eskom Holdings SOC Ltd., has sparked controversy after releasing a study arguing that installing emissions-cutting technology at its Medupi facility would be too …