KEY POINTS Nigerians spent an estimated ₦5.43 trillion on petrol, commonly known as petrol, in the first quarter of 2026, amid rising fuel prices and ongoing tensions in the downstream …
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KEY POINTS Ugandan President Yoweri Museveni has expressed strong support for a proposed East African regional oil refinery following discussions with Nigerian billionaire and industrialist Aliko Dangote, signalling renewed momentum …
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In the News
NNPC Boosts Healthcare in South-East with MRI Facility Donation to Nnewi Teaching Hospital
KEY POINTS The NNPC Foundation, the Corporate Social Responsibility arm of NNPC Limited, has commissioned and handed over a fully installed 1.5 Tesla Magnetic Resonance Imaging (MRI) system to Nnamdi …
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KEY POINTS The National Pension Commission (National Pension Commission), PenCom has granted Pension Fund Administrators (PFAs) special approval to invest pension assets in the planned Initial Public Offering of the …
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In the NewsMarketsOil & Gas
Nigeria Falls Short of OPEC Oil Production Target Again Despite Output Increase
KEY POINTS Nigeria has once again failed to meet its crude oil production quota set by the Organization of the Petroleum Exporting Countries, OPEC, after recording an average daily output …
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In the NewsMarketsOil & Gas
Dangote Rejects NNPC’s Bid to Increase Stake in Upcoming Refinery Listing
KEY POINTS Nigerian billionaire businessman, Aliko Dangote, has revealed that he rejected attempts by the Nigerian National Petroleum Company Limited, NNPC, to increase its minority stake in the soon-to-be publicly …
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KEY POINTS The price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has surged again across Nigeria, with a 12.5kg cylinder now selling for about ₦18,750, while the …
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KEY POINTS The Federal Competition and Consumer Protection Commission, FCCPC, has praised the Lagos State Electricity Regulatory Commission, LASERC, for introducing consumer-focused electricity reforms aimed at eliminating estimated billing and …
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In the NewsOil & Gas
Libya Retakes Full Control of Ras Lanuf Refinery After Ending Trasta Partnership
KEY POINTS Libya’s National Oil Corporation (NOC) has officially ended its partnership with Trasta Energy in the Libyan Emirates Oil Refining Company (LERCO), reclaiming full control of the strategically important …
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KEY POINTS Global oil prices jumped by more than 3% on Tuesday after renewed tensions between the United States and Iran stalled progress on a proposed peace deal, reigniting fears …