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 …
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KEY POINTS Africa’s richest man, Aliko Dangote, is targeting a valuation of up to $50 billion for his refinery business ahead of a planned initial public offering (IPO) expected later …
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In the NewsOil & Gas
Employers Push for Privatisation of Port Harcourt, Warri Refineries Over $25bn Rehabilitation Failures
KEY POINTS The Nigerian Employers’ Consultative Association, NECA, has renewed calls for the privatisation of the Port Harcourt and Warri refineries, arguing that decades of government-led rehabilitation efforts, reportedly costing …
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KEY POINTS TotalEnergies is preparing to deploy a new floating storage and offloading (FSO) vessel, Adiana, offshore Nigeria by the end of 2027, in a move aimed at sustaining long-term …
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KEY POINTS Libya’s largest operational oil refinery in Zawiya has suspended operations following intense clashes between armed groups near the facility. The National Oil Corporation (NOC) and the Zawiya Refining …
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KEY POINTS Italian Prime Minister Giorgia Meloni and Libya’s Prime Minister Abdulhamid Dbeibah have held talks in Rome aimed at strengthening energy cooperation between both countries as Italy seeks to …
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Energy TransitionIn the News
Cooking Gas Prices Rise Nationwide as Dangote Refinery, Dealers Increase LPG Rates
KEY POINTS Nigerian households are facing another increase in cooking gas prices following fresh adjustments in the cost of liquefied petroleum gas, LPG, by major suppliers and depot operators across …