KEY POINTS Concerns over potential monopoly in Nigeria’s fuel market are intensifying after the Dangote Petroleum Refinery emerged as the dominant supplier of petrol following the Federal Government’s suspension of …
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KEY POINTS The International Energy Agency, IEA, has warned that the ongoing conflict in the Middle East is causing what could become the largest supply disruption in the history of …
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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 …
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Energy TransitionIn the News
NERC Gives Private Transmission Substation Operators 45 Days to Obtain Permit
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 …
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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 …