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  • Energy Transition

    IMF Advocates for Total Electricity Subsidy Removal in Nigeria

    by Oluwatosin Racheal Alabi February 13, 2024
    by Oluwatosin Racheal Alabi February 13, 2024

    The IMF recommends Nigeria fully eliminate electricity subsidies to restore macroeconomic stability, amidst ongoing economic challenges and reform efforts.

  • In the News

    Environmental Crisis in Niger Delta

    by Oluwatosin Racheal Alabi February 12, 2024
    by Oluwatosin Racheal Alabi February 12, 2024

    The Niger Delta faces an environmental catastrophe with over 36.1 million litres of oil spilled, devastating local communities and ecosystems.

  • In the News

    Global Diesel Prices Set to Surge as Stocks Dwindle

    by Oluwatosin Racheal Alabi February 12, 2024
    by Oluwatosin Racheal Alabi February 12, 2024

    With global diesel inventories dwindling, an industrial rebound in North America and Europe could trigger a sharp rise in fuel prices next year.

  • In the News

    Pipeline Woes Persist for Canadian Oil Producers

    by Victor Adetimilehin February 11, 2024
    by Victor Adetimilehin February 11, 2024

    Canadian oil producers still face pipeline woes despite the completion of the Trans Mountain Expansion project.

  • In the News

    NNPC Partners with CBN to Stabilize Oil Revenue Management

    by Oluwatosin Racheal Alabi February 9, 2024
    by Oluwatosin Racheal Alabi February 9, 2024

    In a landmark move, NNPC and CBN collaborate to domicile key revenues, aiming to enhance Nigeria’s economic and fuel supply stability.

  • Energy TransitionOil & Gas

    Nigeria Faces Forward Sale Oil Revenue Challenge

    by Oluwatosin Racheal Alabi February 9, 2024
    by Oluwatosin Racheal Alabi February 9, 2024

    Governor AbdulRazaq reveals Nigeria’s oil revenue for the next six months is pre-sold, urging citizens to support government efforts during economic adjustments.

  • In the News

    Aiteo, Atlantic Council Team Up for Africa’s Minerals

    by Oluwatosin Racheal Alabi February 8, 2024
    by Oluwatosin Racheal Alabi February 8, 2024

    The program, which was announced at the Mining Indaba, aims to enhance the role of African minerals in the global supply chains of the 21st century, especially in sectors like …

  • Markets

    Oil Prices Climb Amid Gaza Talks Stalemate and Dollar Dip

    by Oluwatosin Racheal Alabi February 8, 2024
    by Oluwatosin Racheal Alabi February 8, 2024

    Oil markets react to stalled Gaza peace negotiations and a falling dollar, driving prices higher in a volatile geopolitical landscape.

  • In the News

    Power Crisis Pushes Nigerian Businesses to the Brink

    by Oluwatosin Racheal Alabi February 7, 2024
    by Oluwatosin Racheal Alabi February 7, 2024

    Businesses in Nigeria face shutdown fears as escalating power issues force reliance on costly alternative energy sources, driving up operational expenses.

  • In the News

    Nigeria Faces Forex Crisis Over DCA Policy

    by Oluwatosin Racheal Alabi February 6, 2024
    by Oluwatosin Racheal Alabi February 6, 2024

    Agora Policy warns Nigeria’s DCA policy could deepen forex and oil revenue crises, urging immediate cancellation to boost foreign exchange inflow.

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Nigeria’s Oil Boom: Record Production in September 2023

Oil prices slip below $101 as G7 reserve release eases fears
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