Markets

KEY POINTS Nigeria’s crude oil reserves fell slightly to 37.01 billion barrels as of January 1, 2026, down from 37.28 billion barrels recorded a year earlier, according to the Nigerian …

KEY POINTS Microsoft, Chevron and investment firm Engine No. 1 have entered into an exclusivity agreement to develop power generation and supply projects, as technology companies scramble to secure electricity …

Afreximbank has underwritten $2.5 billion of a $4 billion syndicated loan for Dangote Refinery, the largest single commitment in the deal.

Oil prices climbed over 1% as Middle East tensions and supply disruption fears kept global markets on edge, with Brent crude topping $105 a barrel.

KEY POINTS Nigeria’s oil and gas industry recorded a notable rise in capital inflows in 2025, attracting $17.98 million compared to $5.12 million in 2024, according to the latest capital …

KEY POINTS Oil prices continued to rise as investors monitored the ongoing Gulf conflict, which has heightened fears of inflation and global economic slowdown. European markets and a major Wall …

KEY POINTS Adura, the joint venture between Shell and Equinor focused on oil and gas assets in the UK North Sea, has secured a $3 billion reserve-based lending facility to …

KEY POINTS The Central Bank of Nigeria, CBN, has approved full repatriation of export proceeds by international oil companies, granting them unrestricted access to 100 percent of their foreign exchange …

KEY POINTS Goldman Sachs has raised its oil price forecasts for 2026, citing a severe disruption to crude flows through the Strait of Hormuz that the bank described as the …

KEY POINTS Egypt petroleum ministry has announced that the country will pay $1.3 billion in arrears to international oil companies by June, advancing its previously scheduled repayment timetable. The move …