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KEY POINTS Petroleum marketers in Nigeria have hinted that petrol prices may drop soon, following fresh efforts by the Nigerian National Petroleum Company Limited, NNPCL, to restart key local refineries. …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has entered into a new agreement with two Chinese firms in a renewed effort to revive Nigeria’s long-dormant refining assets in …

KEY POINTS Nigerian billionaire businessman, Femi Otedola, has denied reports claiming he funded the Dangote Petroleum Refinery, describing the claims as false and misleading. In a post on X (formerly …

KEY POINTS Seplat Energy Plc is heading into the second quarter of 2026 with strong production momentum, even before the full return of key assets like the Yoho offshore platform. …

KEY POINTS The government of Egypt has raised natural gas prices for several industries as part of efforts to manage rising energy costs. The decision, announced through a prime ministerial …

KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has announced that the Dangote Petroleum Refinery will begin publishing aviation fuel prices on a daily basis. According to …

KEY POINTS Two of the world’s biggest energy companies, ExxonMobil and Chevron, have reported significant drops in first-quarter profits for 2026, even as global oil prices surged due to supply …

KEY POINTS The Dangote Refinery has begun direct jet fuel supply to global carriers, including Ethiopian Airlines, marking a major step into the international aviation fuel market. Rising tensions between …

KEY POINTS President Bola Tinubu has removed Saidu Mohammed as the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, and nominated Rabiu Abdullahi Umar as …

KEY POINTS The Dangote Refinery has increased the ex-depot price of Premium Motor Spirit (petrol) by ₦75 per litre, raising it from ₦1,200 to ₦1,275 per litre in a move …