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Energy
Nigeria Imports N1.2tn Worth of Crude Despite Being Africa’s Top Oil Producer
Nigeria, despite being Africa's largest oil producer, imported crude oil worth N1.19 trillion in the first quarter…
Nigeria Becomes Crude Oil Importer Despite Being Africa’s Top Producer
In a striking contradiction, Nigeria—Africa's leading oil producer—spent N1.19 trillion importing crude oil in the…
Breaking: Markets Steady Amid Rising Israel-Iran Tensions and Global Economic…
Despite a dramatic escalation in the Israel-Iran conflict over the weekend, global markets opened the week on a…
Nigeria’s Crude Export Earnings Drop to N12.96tn Amid Refining Setbacks and…
Nigeria’s crude oil export earnings fell to N12.96 trillion in the first quarter of 2025, representing a 16.34%…
Asia Stocks Steady Amid Oil Price Surge and Geopolitical Tensions
Asian stock markets showed resilience on Monday despite heightened geopolitical uncertainty driven by ongoing…
Nigeria’s Telecom Sector Bleeds $350 Million Annually on Diesel Amid Power Crisis…
Nigeria’s telecommunications industry spends over $350 million annually on diesel to power its infrastructure,…
Nigeria’s $5 Billion Aramco Loan Stalls Amid Falling Oil Prices and Supply…
Nigeria’s ambitious plan to secure a $5 billion oil-backed loan from Saudi oil giant Aramco has encountered…
Nigeria and Saudi Aramco’s $5bn Oil-Backed Loan Stalls Amid Crude Price Drop
Nigeria and Saudi Aramco are facing major hurdles in finalizing a landmark $5 billion oil-backed loan, as falling…
Nigerian Marketers Strike Global Deal to Cut Petrol Price to N700/Litre Amid…
Nigerian petroleum marketers have partnered with international suppliers to import cheaper fuel, aiming to reduce…
Dangote Promises Major Overhaul of Nigeria’s Oil Sector Following Tinubu’s…
Aliko Dangote, President of the Dangote Group, has announced plans for a sweeping transformation of Nigeria’s…
Depot Price War: Six Operators Slash Petrol Rates as Competition Heats Up
Amid growing competition in Nigeria’s downstream petroleum sector, six depot operators have reduced the price of…
Oando deepens upstream investment with $375m financing deal
Oando PLC, a leading Nigerian energy company listed on both the Nigerian and Johannesburg Stock Exchanges, has…
Oil Dips Over 1% as Surging U.S. Fuel Stocks Overshadow Crude Draw and Demand…
Oil prices fell by just over 1% on Wednesday following the release of U.S. government data revealing a sharp and…
Firms Blame Soaring Energy and Transport Costs for Nigeria’s Persistent Inflation…
The Central Bank of Nigeria (CBN) has revealed that a vast majority of Nigerian firms cite high energy costs as…
Ghana’s Inflation Drops to 18.4% in May, Lowest Since 2022 Amid Falling…
Ghana's annual inflation rate dropped sharply to 18.4% in May 2025, marking a significant decline from April’s…
50% crude output now produced by local firms – Report
Nigeria’s oil and gas industry is undergoing a major transformation, with indigenous companies now responsible for…
ANRPM Commends Tinubu’s Oil Sector Reforms, Backs Economic and Tax Initiatives
The Association of Nigerian Refineries Petroleum Marketers (ANRPM) has praised President Bola Tinubu on his second…
Presidency Moves to Resolve N2 Trillion Power Debt Amid Sector Reforms
The Nigerian Presidency has initiated internal approval processes aimed at resolving the longstanding N2 trillion…
Nigeria’s Economic Reforms Target Forex Stability Amid Oil Price Slump
Nigeria’s foreign exchange reserves have declined significantly in the first four months of 2025, dropping from…
Fuel Marketers Join Forces Amid Price War Between Dangote and NNPC
In response to the instability caused by fluctuating petrol prices in Nigeria, fuel marketers are forming…
Tinubu Highlights $8 Billion Oil Investment, 400% Rig Surge in Two-Year Economic…
President Bola Tinubu has marked his two years in office by emphasizing the significant strides his administration…
Rising Power Demand Drives Urgent Calls for Grid Upgrades and Efficiency Reforms…
Ghana’s electricity consumption rose sharply in 2024, reaching 13,098 GWh, up from 12,390 GWh in 2023, according…
Dangote Refinery Reshapes Africa’s Fuel Landscape as Nigeria Ends Petrol Import…
Nigeria has relinquished its status as Africa’s largest importer of refined petroleum products, with South Africa…
Jinapor Urges Swift Operationalisation of Africa Energy Bank to Power Continental…
Ghana’s Minister for Energy and Green Transition, John Jinapor, has called for urgent action to make the Africa…
Fuel Output Declines by 1.4 Million Liters Daily as Port Harcourt Refinery Begins…
Nigeria’s premium motor spirit (PMS) production has fallen by 1.4 million liters daily following the resumption of…
Tinubu at Two: Energy Sector Grapples with Persistent Challenges Amid Modest…
As President Bola Tinubu’s administration marks its two-year anniversary, Nigeria’s energy sector remains deeply…
Telcos battle 33 outages in May
Nigeria’s telecommunications industry experienced 33 major network outages in May 2025, significantly disrupting…
Producer Price Inflation in Ghana Drops to 18.5% in April, Signaling Easing Cost…
Ghana’s Producer Price Inflation (PPI) saw a notable drop in April 2025, falling to 18.5% from 24.4% in March,…
BREAKING:Petrol Prices Surge by 76.73% Year-on-Year in April 2025 Despite Monthly…
In April 2025, the average retail price of Premium Motor Spirit (PMS), or petrol, soared to N1,239.33 per litre,…
Dangote Refinery Vows to Keep Petrol Prices Stable Amid Global Oil Volatility
Dangote Petroleum Refinery has reiterated its commitment to reducing and stabilizing petrol prices in Nigeria,…