Browsing Category
Energy
Kenyan Court Puts Dangote Refinery Construction on Hold Ahead of Groundbreaking
A Kenyan court has ordered a temporary pause on activities linked to the proposed Dangote refinery in Lamu County,…
NNPCL Reports N7.2trn Profit After Tax in 2025 Despite Revenue Drop
The Nigerian National Petroleum Company Limited (NNPCL) recorded N7.2 trillion in profit after tax in 2025, marking…
FG Sets September 2028 Deadline to End Regulated Gas Pricing in Nigeria
Nigeria is set to end regulated gas pricing by September 24, 2028, as the Federal Government moves towards…
Chevron, Egypt Push to Fast-Track Cyprus Gas Export Route Through Egyptian…
Chevron and Egypt are stepping up efforts to fast-track the agreements needed to connect Cyprus’ Aphrodite gas…
Dangote’s $660m Pipeline Project Wins Praise as Ethiopia, Djibouti Eye Energy…
Prime Minister of Ethiopia, Dr Abiy Ahmed, and President of Djibouti, Ismaïl Omar Guelleh, have praised Dangote…
Nigeria’s Petrol Exports Hit Nearly N1tn as Dangote Refinery Drives Sixfold Surge
Nigeria’s petrol export earnings surged to N998.50bn in the first half of 2026, marking a dramatic shift…
NSIA, Africa50 launch $300m Nigeria DRE Fund to accelerate renewable energy…
The Nigeria Sovereign Investment Authority (NSIA), Africa50 and Sustainable Energy for All (SEforALL) have…
Congo Turns to Nigeria’s Local Content Model to Boost Indigenous Oil Companies
The Republic of Congo is looking to Nigeria’s local content model to strengthen indigenous participation and help…
Oil Prices Fall as Trump Signals Progress in US-Iran Talks
Oil prices fell on Wednesday as investors reacted to signs of possible diplomatic progress between the…
Strait of Hormuz Shipping Traffic Plunges as Saudi Arabia Boosts Oil Exports
Shipping activity through the Strait of Hormuz has fallen sharply, highlighting growing pressure on one of the…
Pertamina Eyes Nigeria’s 2026 Oil Licensing Round as Investment Interest Grows
Indonesia’s state-owned energy company, Pertamina, is exploring investment opportunities in…
Dangote Expands Refinery, Acquires 4,000 Machines to Raise Capacity to 1.4 Million…
Dangote Industries Limited has stepped up plans to expand its Lekki refinery in Lagos, acquiring an…
NMDPRA Says It Does Not Fix Petrol Prices as Pump Prices Rise to N1,450
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that it…
Brent Crude Falls to $101.71 as US-Iran Diplomacy Hopes Weigh on Oil Prices
Oil prices started the week lower as investors reacted to growing hopes of renewed diplomatic talks…
Crude Oil Falls to $103 as Middle East Supply Fears Ease
Global crude oil prices fell by about 2 per cent on Thursday, with Brent crude dropping to $103.13 per…
Nigeria’s Oilserv secures deal to develop two oil and gas blocks in Gabon
Nigeria’s energy infrastructure company Oilserv has signed an agreement with the Gabonese Government to…
Dangote Refinery Sourced 60% of Crude Locally as Nigerian Feedstock Hits 116m…
The Dangote Petroleum Refinery sourced about 60 per cent of its crude feedstock from Nigeria in the 12 months ended…
Dangote Refinery Defends $49bn Valuation as Global Rivals Face Mounting Pressure
The Dangote Petroleum Refinery is defending its proposed valuation of nearly $49 billion, arguing that its…
All On Invests $5m in PowerGen to Expand Mini-Grids, Reach 41,000 Nigerians
Renewable energy investment firm All On has committed $5 million to PowerGen Renewable Energy Nigeria Limited to…
Fuel Price Warning: Oil Shock Could Push Brent to $120, Raise Costs for Nigerians
Nigeria is facing a fresh fuel price warning as disruptions to global oil supplies threaten to push Brent crude…
Nigeria’s Energy Inflation Rises to 4.69% in August as Fuel and Power Costs Remain…
Nigeria’s energy inflation rose to 4.69% in August 2026, reversing the decline recorded in July and highlighting…
Dangote: Petrol Smuggling Keeps Nigeria’s Fuel Prices High
Nigeria’s high petrol prices are being linked to continued cross-border smuggling, with Dangote Group President…
Nigeria’s Bonny Light Surges Past $115 as Saudi Pipeline Disruption Fuels Oil…
Nigeria’s Bonny Light crude has surged above $115 per barrel, extending the rally in global oil prices as…
Syria Fuel Crisis Raises Fresh Energy Security Concerns for Nigeria
Syria’s worsening fuel crisis has exposed the risks countries face when they depend heavily on imported crude,…
FG Raises N1.23 Trillion to Tackle N4 Trillion GenCo Debt
The Federal Government has raised N1.23 trillion through two bond issuances as part of efforts to address about N4…
Dangote Refinery IPO Opens at N525 as Company Targets N2.15 Trillion
The Dangote Refinery IPO has officially opened on the Nigerian Exchange (NGX), giving investors an opportunity to…
Hormuz Traffic Plunges as Saudi Pipeline Shutdown Deepens Middle East Oil Supply…
The Strait of Hormuz oil supply route is facing fresh pressure as the number of commodity vessels crossing the…
Dangote Refinery IPO: Rewane Sees Nigeria’s Economy Hitting $600bn as IPMAN Urges…
The planned Dangote Refinery IPO is attracting growing attention as the Independent Petroleum Marketers Association…
Dangote Plans 1,000MW Power Plant in Kenya as Energy Push Expands
Dangote Industries is set to deepen its footprint in East Africa with plans for a 1,000-megawatt liquefied natural…
Dangote Refinery, NMDPRA Clash Over Propane Operations as Court Extends…
The dispute between Dangote Petroleum Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory…