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KEY POINTS The Organisation of the Petroleum Exporting Countries, OPEC, efforts to boost oil production could worsen the global supply glut and drive prices even lower than the budgetary benchmarks …

KEY POINTS Following reports that suggested repairs could take months, Dangote Petroleum Refinery has denied claims that its gasoline unit was forced into a protracted shutdown, calling the rumors “fake …

KEY POINTS Despite government efforts to prevent a confrontation over alleged anti-labor practices at the massive Dangote Petroleum Refinery, Nigeria’s powerful oil workers’ union, NUPENG, pushed forward with a nationwide …

KEY POINTS The Petroleum Tanker Drivers (PTD), a critical arm of the sector, have openly rejected a strike call issued by the Nigeria Union of Petroleum and Natural Gas Workers, …

KEY POINTS Indian Oil Corp, the country’s largest refiner, has stepped back from its usual appetite for American crude, choosing instead to snap up barrels from Nigeria and the Middle …

KEY POINTS South Africa’s embattled power utility Eskom has issued a stern warning to customers tampering with electricity meters is a crime, and offenders face steep fines or criminal charges. …

KEY POINTS The Federal Government’s plan to impose a 5% tax on petrol, diesel and other refined fuels from January 2026 is drawing sharp resistance from opposition parties, fuel retailers, …

KEY POINTS According to official documents seen by Billionaires.Africa, Aliko Dangote’s $20 billion refinery purchased 100,000 barrels of crude worth $7.2 million from the Nigerian National Petroleum Company Limited, NNPC, …

African leaders reshaped energy policies, pushing transparency, renewables, and downstream industries that placed the continent at the heart of global debates

KEY POINTS Despite indications of volatility in global markets ahead of a crucial OPEC+ meeting, Nigeria’s crude oil prices remained above the $71 per barrel mark in the middle of …