Wale Tinubu highlighted deals by Femi Otedola and Tony Elumelu, saying the transactions reflect a shift in ownership and capital across Nigeria’s power and oil sectors
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Aliko Dangote withdrew his petition against former regulator Ahmed Farouk, but Nigeria’s anti-graft agency says its investigation into the allegations is continuing
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Shell warned of a fourth-quarter loss in its chemicals and products unit as margins weakened, even as oil, gas and LNG production stayed within guidance
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Ghana’s oil output is climbing after a new Jubilee well added fresh barrels, supporting revenue growth and reinforcing the country’s role in West Africa’s offshore crude market
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In the NewsOil & Gas
Dangote Refinery Warns Petrol Prices Could Hit N1,400 if Nigeria Leans on Imports
KEY POINTS Dangote Refinery has warned that Nigeria’s fuel prices could more than double if the country keeps relying on imported petrol instead of refining it at home. This has …
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In the NewsOil & Gas
AA Rano Rolls out Nigeria’s first Unmanned Fuel Stations in Push for Round the Clock Service
KEY POINTS AA Rano Nigeria, which was started by oil tycoon Auwalu Abdullahi Rano, has opened what it calls Nigeria’s first fully automated and unmanned fuel stations. This could change …
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Energy TransitionIn the News
Nigeria Electricity Firms Collect $7.12 Million, N3.19 Billion from Bilateral Buyers as Payment Gaps Persist
KEY POINTS In the third quarter of 2025, Nigeria’s electricity generation companies received a total of $7.12 million and N3.19 billion from bilateral customers. This shows that payment problems are …
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KEY POINTS Nigeria’s electricity generation fell sharply in the third quarter of 2025, with gas supply shortages and mechanical outages cutting output by more than 600 gigawatt hours, according to …
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KEY POINTS The Ibadan Electricity Distribution Company, IBEDC, has announced a planned power outage that will affect many areas of Ibadan. They have warned residents to expect daily outages for …
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Energy TransitionIn the News
Gas is the New Gold: How Africa Is Rebranding Fossil Fuels as a ‘Transition’ Weapon
Natural gas is becoming more important politically and economically across Africa, not as a remnant of the fossil fuel era, but as a key part of the continent’s energy transition …