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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 Ikeja Electric Plc has issued a public warning to traders, artisans, and shop owners operating beneath high-voltage electricity lines across Lagos, urging them to vacate immediately or risk …

KEY POINTS Abuja Electricity Distribution Company, AEDC, has announced plans to sign a bilateral electricity agreement with NNPC Limited to improve power delivery across Abuja. The proposed deal would allow …

KEY POINTS Eskom has stabilised South Africa’s electricity system to levels not seen in five years, according to the Department of Electricity, which says the country is no longer in …

KEY POINTS Mozambique is rapidly strengthening its position as one of Africa’s most important natural gas producers following the revival of massive liquefied natural gas, LNG, projects on the Afungi …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPCL, has disclosed that Nigeria needs about 22 billion dollars in fresh investment to complete its planned gas pipeline network, warning that …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has reaffirmed its commitment to institutional transparency with a pledge to fully digitise internal communications within 60 days, a move the …

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 A Nigerian court has directed an oil exploration company owned by billionaire businessman Mohammed Indimi to pay $43.51 million to his daughters, Ameena and Zara Indimi, following a …

KEY POINTS A United States district court has sentenced Paulinus Okoronkwo, a Nigerian-American and former general manager at NNPC Limited, to 87 months in prison for accepting a $2.1 million …