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KEY POINTS Dangote Petroleum Refinery and Petrochemicals has dismissed reports suggesting it is planning an Initial Public Offering, stating that the information currently circulating in the media and across social …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has announced plans to significantly increase Nigeria’s proven gas reserves from about 210 trillion cubic feet to approximately 600 trillion cubic …

KEY POINTS The Nigerian Navy has uncovered and dismantled an active illegal refining site in Allison Community, Bonny Local Government Area of Rivers State, recovering more than 20,000 litres of …

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 spot premium for Dubai crude has dropped sharply to its lowest level in three weeks after sellers flooded the market with offers while TotalEnergies remained the only …

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has reduced its petrol price, lowering the gantry price to N1,200 per litre and the coastal price to N1,153 per litre. The adjustment …

KEY POINTS City Power and Eskom technical teams are continuing repair work in Roodepoort after a major electricity outage left nearly half of the area without power. The teams worked …

KEY POINTS The Federal Government has announced that ongoing reforms in Nigeria’s power sector have attracted about $2 billion in fresh investments while reducing sector liabilities to approximately N146 billion. …

KEY POINTS The African Development Bank, AfDB, has approved a $5.65 million grant to support Peace Renewable Energy Certificate mini-grid projects across 14 African countries, targeting improved electricity access for …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has signed Petroleum Exploration Licence No. 5 with SeaSeis Geophysical Limited to advance offshore exploration activities. The agreement authorises the company, …