KEY POINTS Cooking gas prices across Nigeria are beginning to decline following a sharp rise in imports that has increased supply in local depots, according to new data released by …
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Energy TransitionIn the NewsOil & Gas
NOA Group, Sibanye-Stillwater Strike Major Renewable Power Deal Through Eskom Grid
KEY POINTS In a major boost for clean energy use in Africa’s mining industry, NOA Group and Sibanye-Stillwater have signed a long-term renewable electricity agreement that will supply approximately 401 …
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KEY POINTS Brent oil prices held steady on Monday as traders weighed renewed diplomatic engagement between the United States and Iran against ongoing geopolitical tensions and fresh supply signals from …
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KEY POINTS A consortium led by Chevron has signed exclusive lease agreements with Greece to explore natural gas reserves in deep-sea blocks off the country’s southern coast, marking a significant …
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Energy TransitionIn the News
Ramaphosa Rejects Eskom Breakup Change, Confirms Independent Power Grid Plan
KEY POINTS South African President Cyril Ramaphosa has reaffirmed that the government remains committed to creating an independent electricity transmission company, pushing back against claims that authorities intend to dilute …
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KEY POINTS The Eko Electricity Distribution Company, EKEDC, has arraigned six residents of Lagos for alleged electricity theft and conspiracy following their arrest during a raid carried out on February …
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In the NewsOil & Gas
ExxonMobil Launches Third Plastic Recycling Unit at Baytown Refinery to Boost Global Sustainability Push
KEY POINTS ExxonMobil has commissioned a third advanced plastics-recycling unit at its Baytown refinery complex, marking a major expansion of its waste-processing capabilities. The new unit increases the site’s ability …
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KEY POINTS Nigerian billionaire businessman Femi Otedola has praised industrialist Aliko Dangote following a visit to the Dangote Refinery, describing the facility as the “eighth wonder of the world.” In …
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KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has reported that the Dangote Petroleum Refinery increased its domestic supply of Premium Motor Spirit (PMS) to 40.1 million …
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In the News
Nigeria Eyes Global Electric-Vehicle Market as Mineral Wealth and Policy Shift Boost Prospects
KEY POINTS Nigeria’s large deposits of rare-earth minerals such as monazite and neodymium, alongside expanding lithium exploration and early electric-vehicle assembly efforts, are strengthening expectations that the country could become …
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