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 …
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In the NewsMarketsOil & Gas
Federal High Court Rejects Aiteo’s Objection in N122 Billion Nembe Oil Spill Case
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 …
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In the NewsMarketsOil & Gas
FG Insists on Market-Based Petrol Pricing Despite Global Oil Market Volatility
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 …
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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 …
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In the NewsMarketsOil & Gas
Oando Signals Delay in 2025 Audited Financial Results Over Post-Acquisition Systems Integration
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 …
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Energy TransitionIn the News
IEA Orders Record 400 Million Barrel Oil Release to Stabilise Global Markets Amid Iran War
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 …
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Energy TransitionIn the News
Koeberg Nuclear Unit 2 Achieves Year of Continuous Power Supply with 99.4% Efficiency
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 …
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In the News
Guterres Urges Rapid Shift to Renewable Energy as Middle East Crisis Disrupts Global Oil Supply
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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KEY POINTS International energy giants Chevron and Royal Dutch Shell are on the verge of finalizing their first large‑scale oil production agreements in Venezuela since a significant political transition in …
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In the NewsMarketsOil & Gas
Iran Threatens Middle East Oil Blockade as Trump Warns of ‘Much Harder’ U.S. Strikes
KEY POINTS Iran’s Revolutionary Guards have warned that no oil will leave the Middle East if the ongoing attacks by the United States and Israel persist, escalating tensions in an …