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  • In the NewsMarketsOil & Gas

    Iran Warns Oil Could Hit $200 as Attacks on Ships Shake Global Markets

    by Oluwatosin Racheal Alabi March 12, 2026
    by Oluwatosin Racheal Alabi March 12, 2026

    KEY POINTS Iran has warned that global oil prices could surge to as high as $200 per barrel as tensions in the Middle East escalate and attacks on merchant vessels …

  • Energy TransitionIn the News

    NERC Gives Private Transmission Substation Operators 45 Days to Obtain Permit

    by Oluwatosin Racheal Alabi March 12, 2026
    by Oluwatosin Racheal Alabi March 12, 2026

    KEY POINTS The Nigerian Electricity Regulatory Commission, NERC, has directed operators of private transmission substations connected to the national grid to obtain an Independent Electricity Transmission Network Operator (IETNO) permit …

  • Energy TransitionIn the NewsMarkets

    Geregu Power Projects N8.17 Billion Profit for Q2 2026

    by Oluwatosin Racheal Alabi March 12, 2026
    by Oluwatosin Racheal Alabi March 12, 2026

    KEY POINTS Geregu Power Plc has projected a profit after tax of approximately N8.17 billion for the second quarter ending June 30, 2026, according to its earnings forecast released to …

  • In the NewsMarketsOil & Gas

    Federal High Court Rejects Aiteo’s Objection in N122 Billion Nembe Oil Spill Case

    by Oluwatosin Racheal Alabi March 12, 2026
    by Oluwatosin Racheal Alabi March 12, 2026

    KEY POINTS A Federal High Court in Yenagoa, Bayelsa State, has dismissed a preliminary objection filed by Aiteo Group in a N122 billion lawsuit brought by the Opu Nembe Kingdom …

  • In the NewsMarketsOil & Gas

    FG Insists on Market-Based Petrol Pricing Despite Global Oil Market Volatility

    by Ikeoluwa Juliana Ogungbangbe March 12, 2026
    by Ikeoluwa Juliana Ogungbangbe March 12, 2026

    KEY POINTS The Federal Government has reaffirmed its commitment to maintaining a market-driven pricing regime for petrol, stressing that it will not impose price controls even as escalating geopolitical tensions …

  • In the News

    Nigeria Suspends Petrol Import Licences as Local Refining Output Rises

    by Ikeoluwa Juliana Ogungbangbe March 12, 2026
    by Ikeoluwa Juliana Ogungbangbe March 12, 2026

    KEY POINTS The Federal Government has suspended the issuance of import licences for Premium Motor Spirit (PMS), commonly known as petrol, for the second consecutive month, signalling a significant shift …

  • In the NewsMarketsOil & Gas

    Oando Signals Delay in 2025 Audited Financial Results Over Post-Acquisition Systems Integration

    by Ikeoluwa Juliana Ogungbangbe March 12, 2026
    by Ikeoluwa Juliana Ogungbangbe March 12, 2026

    KEY POINTS Oando Plc has announced that it may be unable to publish its audited financial statements for the 2025 financial year by the March 31, 2026 regulatory deadline due …

  • Energy TransitionIn the News

    IEA Orders Record 400 Million Barrel Oil Release to Stabilise Global Markets Amid Iran War

    by Ikeoluwa Juliana Ogungbangbe March 12, 2026
    by Ikeoluwa Juliana Ogungbangbe March 12, 2026

    KEY POINTS The International Energy Agency , IEA, has announced the largest coordinated release of emergency oil reserves in history, as member countries move to stabilise global energy markets following …

  • Energy TransitionIn the News

    Koeberg Nuclear Unit 2 Achieves Year of Continuous Power Supply with 99.4% Efficiency

    by Oluwatosin Racheal Alabi March 11, 2026
    by Oluwatosin Racheal Alabi March 11, 2026

    KEY POINTS On 9 March 2026, Eskom announced that Koeberg Nuclear Power Station’s Unit 2 has successfully operated for 365 consecutive days since its major upgrades were completed, maintaining an …

  • In the News

    Guterres Urges Rapid Shift to Renewable Energy as Middle East Crisis Disrupts Global Oil Supply

    by Oluwatosin Racheal Alabi March 11, 2026
    by Oluwatosin Racheal Alabi March 11, 2026

    KEY POINTS The Secretary-General of the United Nations, António Guterres, has called on countries across the world to accelerate their transition from fossil fuels to renewable energy sources, warning that …

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  • Nigeria’s Crude Oil Reserves Drop to 37.01 Billion Barrels
  • UAE Acquires US Gas Pipeline Assets for $2.25 Billion
  • Turkish Drillship Reaches Somalia’s Curad-1 Well, Watchdog Demands Oil Contract Disclosure

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Nigeria’s Oil Boom: Record Production in September 2023

Europe Turns to Nigeria for Jet Fuel as Dangote Refinery Ships Cargo to UK
Cape Town Seeks 500MW from Private Energy Traders to Cut Reliance on Eskom

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Europe Turns to Nigeria for Jet Fuel as Dangote...
Cape Town Seeks 500MW from Private Energy Traders to...
Nigeria’s Crude Oil Reserves Drop to 37.01 Billion Barrels

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