KEY POINTS South Africa’s power utility, Eskom, has announced a major electricity price cut of about 29% for two struggling ferrochrome producers. The decision is aimed at helping the companies …
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Energy TransitionIn the NewsOil & Gas
Power Outages Worsen as Gas Shortage Cuts Nigeria’s Electricity Supply
KEY POINTS Nigeria is once again battling widespread power outages, leaving homes, offices, and businesses struggling with unreliable electricity. The situation, according to the Nigerian Independent System Operator, NISO, is …
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KEY POINTS The cost of petrol across Nigeria eased again in January 2026, offering motorists a bit of breathing space after months of high fuel expenses. Fresh figures released by …
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In the NewsMarketsOil & Gas
Seplat Posts Record $2.7bn Revenue as Production Surges on Offshore Expansion
KEY POINTS Seplat Energy Plc has reported a major financial leap in its full-year 2025 audited results, with revenue rising by 144.2 percent to 2.726 billion dollars, compared with 1.116 …
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In the NewsOil & Gas
FG Launches National Gas Infrastructure Command Centre to Boost Transparency and Gas Production
KEY POINTS The federal government has inaugurated a steering committee and a joint technical working group to oversee the establishment of the National Gas Infrastructure Command Centre, NGCC,in Abuja. The …
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KEY POINTS The deputy spokesperson of the House of Representatives, Philip Agbese, has defended the Nigerian National Petroleum Company Limited’s, NNPCL, 7.25 percent equity in the Dangote Refinery. He described …
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KEY POINTS Nigeria’s flagship crude grade, Bonny Light, is trading around $71 per barrel, slightly down from about $72.30 earlier in the week. Despite the dip, the price remains comfortably …
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Energy TransitionIn the News
Ikeja Electric Warns Traders to Leave Power Line Zones or Face Demolition
KEY POINTS Ikeja Electric Plc has issued a public warning to traders, artisans, and shop owners operating beneath high-voltage electricity lines across Lagos, urging them to vacate immediately or risk …
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KEY POINTS Abuja Electricity Distribution Company, AEDC, has announced plans to sign a bilateral electricity agreement with NNPC Limited to improve power delivery across Abuja. The proposed deal would allow …
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KEY POINTS Eskom has stabilised South Africa’s electricity system to levels not seen in five years, according to the Department of Electricity, which says the country is no longer in …