KEY POINTS The spot premium for Dubai crude has dropped sharply to its lowest level in three weeks after sellers flooded the market with offers while TotalEnergies remained the only …
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KEY POINTS Dangote Petroleum Refinery and Petrochemicals has reduced its petrol price, lowering the gantry price to N1,200 per litre and the coastal price to N1,153 per litre. The adjustment …
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Energy TransitionIn the News
City Power, Eskom Continue Repairs to Restore Electricity in Roodepoort
KEY POINTS City Power and Eskom technical teams are continuing repair work in Roodepoort after a major electricity outage left nearly half of the area without power. The teams worked …
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Energy TransitionIn the News
Power Sector Reforms Attract $2 Billion Investment as Liabilities drop to N146bn
KEY POINTS The Federal Government has announced that ongoing reforms in Nigeria’s power sector have attracted about $2 billion in fresh investments while reducing sector liabilities to approximately N146 billion. …
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Energy TransitionIn the News
AfDB Approves $5.65 Million Grant for Mini-Grid Projects Across 14 African Countries
KEY POINTS The African Development Bank, AfDB, has approved a $5.65 million grant to support Peace Renewable Energy Certificate mini-grid projects across 14 African countries, targeting improved electricity access for …
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KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has signed Petroleum Exploration Licence No. 5 with SeaSeis Geophysical Limited to advance offshore exploration activities. The agreement authorises the company, …
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Energy TransitionIn the News
TCN Demolishes Houses, Shops Along 330kV Transmission Corridor in Kaduna
KEY POINTS The Transmission Company of Nigeria, TCN, has demolished residential and commercial structures encroaching on the corridor of a 330kV transmission line in the Kudenda area of Kaduna State, …
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KEY POINTS The Federal Government has reopened petrol importation, issuing fresh licences to six oil marketers following supply concerns triggered by geopolitical tensions in the Middle East. The move represents …
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Energy TransitionIn the News
DA Mayors Oppose Eskom Tariff Hike, Urge Regulator to Reject Electricity Price Increase
KEY POINTS Mayors from several Democratic Alliance-led, DA, municipalities have mounted a coordinated challenge against Eskom’s latest electricity tariff increases, calling on the National Energy Regulator of South Africa to …
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In the NewsOil & Gas
NNPC Partnership with Dangote Refinery Boosts Nigeria’s Fuel Supply Stability
KEY POINTS The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPC, Bayo Ojulari, has said the company’s collaboration with the Dangote Refinery has strengthened Nigeria’s fuel …