Asia Markets Edge Higher Amid Iran Conflict Concerns and Oil Price Volatility
Asia-Pacific markets mostly rose on Friday as investors cautiously assessed the impact of escalating tensions in the Middle East on…
Category: Energy
Dangote Refinery Absorbs 20% Crude Cost Surge to Stabilise Petrol Supply in Nigeria
Nigeria’s largest refining facility, the Dangote Petroleum Refinery & Petrochemicals, has assured Nigerians that it will maintain a steady supply…
Finance and Technology Key to Unlocking Nigeria’s Gas Potential – Industry Leaders
Industry experts have stressed that stronger financing frameworks, strategic infrastructure investment, and the adoption of advanced technology are crucial to…
Report: Rising oil prices will improve current account balances of Nigeria, Ghana
A surge in global oil prices triggered by the escalating conflict involving the United States, Israel and Iran could bring…
Oil Prices Surge Amid Middle East Tensions, Strait of Hormuz Supply at Risk
Oil prices surged sharply on Wednesday as escalating tensions in the Middle East disrupted global energy supplies, sending benchmarks to…
Oil Price Surges to $84 Per Barrel, Surpassing Nigeria’s 2026 Benchmark Amid Middle East Tensions
Crude oil prices soared on Thursday, reaching $84 per barrel, the highest level in 2026, well above Nigeria’s federal budget…
Cooking Gas Price Soars 40% to N1,400 per KG Amid Middle East Crisis
The price of cooking gas in Nigeria has surged sharply, jumping 40 percent to N1,400 per kilogram, following escalating tensions…
US-Iran Conflict Sparks UK Fuel Crisis While Nigeria Secures Supply with Dangote Refinery
Motorists across Britain are facing long queues and empty pumps as fears of an oil shortage escalate amid the ongoing…
Nigerian Crude Oil Surges Past $80 Amid Middle East Tensions – Highest Since 2024
Nigerian crude oil prices have climbed past $80 per barrel, marking the highest levels since mid-2024. The spike follows recent…
Nigeria’s Path to Global Oil Leadership: Strategic Measures Highlighted by Petroleum Engineers
The Society of Petroleum Engineers Nigeria (SPEN) has urged swift action, resilience in coordination, and disciplined project execution to solidify…
Higher Oil Prices Not Nigeria’s Opportunity: Gas Shock and Strait of Hormuz Risk Expose Structural Vulnerabilities
Higher oil prices are once again dominating global headlines, but they may not represent the opportunity many assume for Nigeria.…
Indigenous Operators Drive Nigeria’s Oil Production Ambitions
Nigeria’s upstream oil and gas sector is undergoing a pivotal transformation as indigenous operators move from marginal participants to central…
Oil Prices Spike Toward $85 as Global Supply Risks Intensify
Global oil prices rallied sharply on Tuesday, with Brent crude climbing above $84 per barrel amid escalating tensions in the…
ANOH Gas Delivers First Gas to NLNG, Marks Start of Full Commercial Operations
ANOH Gas Processing Company (AGPC) has officially delivered its first batch of processed natural gas to Nigeria LNG Limited (NLNG),…
Saudi Aramco Shuts Ras Tanura Refinery After Iran Drone Strikes, Global Oil Supply at Risk
Saudi Arabia’s state oil giant, Saudi Aramco, has temporarily shut down its Ras Tanura refinery, one of the world’s largest…
Oil Prices Surge to $80 Amid Widening US-Israel Conflict With Iran, Raising Supply Risk Fears
Oil prices continued their sharp climb on Tuesday, reflecting growing fears of supply disruptions as the US-Israel conflict with Iran…
Petrol Prices Could Hit ₦1,000/Litre as Dangote Refines Strategy Amid Global Oil Volatility
The price of Premium Motor Spirit (PMS), commonly known as petrol, may soon reach between ₦980 and over ₦1,000 per…
European Markets Slide as U.S.-Iran Conflict Escalates, Oil Prices Surge
European markets are set to open sharply lower on Tuesday as rising geopolitical tensions in the Middle East rattle investor…
Crude-Backed Loans Tie Up N8.36tn of Nigeria’s 2025 Oil Revenue
Nigeria’s crude oil production in 2025 saw nearly 15% of output effectively pre-committed to servicing crude-backed loan facilities, amounting to…
Dangote Refinery Appoints Stanbic IBTC, Vetiva, and First Capital for Record-Breaking NGX Listing
The Dangote Group has officially appointed Stanbic IBTC Capital, Vetiva Capital Management, and First Capital as lead issuing houses for…
Oil Prices Surge Toward $80 Amid Middle East Tensions – Global Markets on Edge
Oil prices surged sharply on Monday as escalating military tensions between the United States, Israel, and Iran sparked concerns of…
OPEC+ Raises Oil Production Amid Middle East Tensions, Markets Watch Strait of Hormuz
Key members of OPEC+ have announced a higher-than-expected increase in oil production quotas, raising the stakes amid growing Middle East…
Dangote Port Sparks Nigeria’s Revival as a Global Fuel Exporter
Nigeria’s long-standing paradox of being Africa’s largest crude producer yet a major fuel importer is quietly shifting off the coast…
Dangote Refinery to Supply 65 Million Litres of Petrol Daily, Boosting Nigeria’s Fuel Self-Sufficiency
The Dangote Petroleum Refinery has entered a landmark offtake agreement with 12 major and independent oil marketers to distribute between…
TotalEnergies Launches 5MW Solar Plant at OML 58 to Boost Nigeria’s Clean Energy Drive
TotalEnergies Marketing Nigeria Plc has revealed plans to inaugurate a five-megawatt (5MW) solar power plant at OML 58, aimed at…
Nigerian Crude Surges Past $70 as Geopolitical Tensions Boost Oil Prices
Nigerian crude oil has climbed above $70 per barrel, exceeding the Federal Government’s 2026 budget benchmark of $64.85. Latest market…
West African Regulators Must Harmonise Refinery Rules to Boost Energy Security
West African energy regulators face growing pressure to harmonise refinery standards and investment frameworks as the region prepares for a…
Dangote Refinery Achieves Fuel Self-Sufficiency, Set to Supply 65 Million Litres of Petrol Daily
Nigeria’s energy landscape is entering a new era as Dangote Petroleum Refinery & Petrochemicals announces it will supply between 60…
New crude grade to boost Nigeria’s output coming in March
Nigeria is set to expand its crude oil portfolio with the launch of a new light, sweet grade called Cawthorne,…
Dangote Refinery Signs 65 Million Litres Daily Petrol Distribution Deal with 12 Marketers
Nigeria’s fuel supply landscape is set for a major shift as the Dangote Petroleum Refinery has signed a landmark offtake…