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 $40.88bn in January to…
Category: Energy
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 strategic partnerships to limit…
Tinubu Highlights $8 Billion Oil Investment, 400% Rig Surge in Two-Year Economic Progress Report
President Bola Tinubu has marked his two years in office by emphasizing the significant strides his administration has made in…
Rising Power Demand Drives Urgent Calls for Grid Upgrades and Efficiency Reforms in Ghana
Ghana’s electricity consumption rose sharply in 2024, reaching 13,098 GWh, up from 12,390 GWh in 2023, according to the 2025…
Dangote Refinery Reshapes Africa’s Fuel Landscape as Nigeria Ends Petrol Import Dominance
Nigeria has relinquished its status as Africa’s largest importer of refined petroleum products, with South Africa now taking the lead.…
Jinapor Urges Swift Operationalisation of Africa Energy Bank to Power Continental Growth-Ghana
Ghana’s Minister for Energy and Green Transition, John Jinapor, has called for urgent action to make the Africa Energy Bank…
Fuel Output Declines by 1.4 Million Liters Daily as Port Harcourt Refinery Begins Scheduled Maintenance
Nigeria’s premium motor spirit (PMS) production has fallen by 1.4 million liters daily following the resumption of maintenance activities at…
Tinubu at Two: Energy Sector Grapples with Persistent Challenges Amid Modest Progress
As President Bola Tinubu’s administration marks its two-year anniversary, Nigeria’s energy sector remains deeply entangled in both domestic and international…
Telcos battle 33 outages in May
Nigeria’s telecommunications industry experienced 33 major network outages in May 2025, significantly disrupting services across the country. According to data…
Producer Price Inflation in Ghana Drops to 18.5% in April, Signaling Easing Cost Pressures
Ghana’s Producer Price Inflation (PPI) saw a notable drop in April 2025, falling to 18.5% from 24.4% in March, according…
BREAKING:Petrol Prices Surge by 76.73% Year-on-Year in April 2025 Despite Monthly Dip – NBS
In April 2025, the average retail price of Premium Motor Spirit (PMS), or petrol, soared to N1,239.33 per litre, marking…
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, despite ongoing fluctuations in global…
Tinubu Approves Key Licenses for Kolmani Oil Project to Boost Northern Nigeria’s Energy Sector
President Bola Tinubu has approved the issuance of crucial regulatory licenses for the Kolmani Integrated Development Project, a major oil…
DAPPMAN Urges Full Access to Dangote Refinery as NNPCL Refineries Struggle to Produce Petrol
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has stated that its members are currently unable to source…
Shell Reports 122% Surge in Oil Spills in Nigeria for 2024, Blaming Equipment Failures and Crude Theft
Shell Plc has reported a staggering 122% increase in oil spill incidents in Nigeria in 2024, compared to the previous…
Afetsi Awoonor Honoured with Millennium Excellence Award for Energy Leadership and Social Impact-Ghana
Afetsi Awoonor, Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), has been awarded the prestigious Millennium…
U.S.-Iran Deal Impact Weighs on Nigerian Crude, Obodo Oil Debuts Amid Global Market Shifts
Nigerian crude oil is facing mounting pressure in the global market due to potential negotiations between Iran and the United…
World Bank Flags NNPCL for Withholding Half of Fuel Subsidy Savings
The World Bank has raised a red flag over the Nigerian National Petroleum Company Limited (NNPCL) for remitting only half…
Dangote Refinery Maintenance Spurs Fuel Import Surge as Nigeria Turns to Europe
The recent dip in output from the Dangote Petroleum Refinery has triggered a notable rise in fuel imports across West…
NNPC Cuts Petrol Price to ₦910/Litre in Abuja Amidst Dangote’s Market Push
In a move that signals a growing shift in Nigeria’s fuel market dynamics, the Nigerian National Petroleum Company (NNPC) Limited…
Dangote Refinery Cancels June Maintenance After Emergency Repairs, Ends Petrol Rebate
The Dangote Petroleum Refinery has called off its planned June maintenance for its key gasoline unit, after successfully completing essential…
Ghana Opens Doors for Oil Investment as Mahama Encourages Global Investors Amid Economic Recovery
Ghana’s former president, John Dramani Mahama, has urged international investors to consider the country’s oil and gas sector for new…
Tullow Ghana Resumes Gas Supply to Atuabo After FPSO Technical Glitch
Tullow Ghana has officially resumed gas exports to the Atuabo Gas Processing Plant after addressing a technical issue on the…
Nigeria’s Crude Oil Output Reaches 2-Month High, Still Below OPEC Quota
Nigeria’s crude oil production saw a modest recovery in April, reaching a two-month high, but still fell short of the…
Dangote Refutes Marketers’ Claims, Asserts Refinery’s Capacity to Meet Nigeria’s Fuel Demand
The Dangote Petroleum Refinery has strongly countered accusations from oil marketers that it cannot meet Nigeria’s fuel demand. This controversy…
Seplat raises oil output to over 131,000bpd
Seplat Energy Plc has significantly increased its daily hydrocarbon production in the first quarter of 2025, achieving an average of…
Nigeria Sets Ambitious 2.5 Million Barrels Per Day Oil Production Target for NNPC Ltd.
The Nigerian federal government has set an ambitious target of increasing oil production to 2.5 million barrels per day (bpd)…
Oil Prices Rebound 3% as Demand Grows in Europe, China and U.S. Output Slows
Oil prices bounced back sharply on Tuesday, climbing roughly 3%, following signs of stronger energy demand in Europe and China…
Gencos Urge Urgent Meeting with Tinubu Over ₦4.7tn Power Sector Debt
Electricity generation companies (Gencos) are pressing for an immediate meeting with President Bola Tinubu over the massive ₦4.7 trillion debt…
Finance Ministry Refutes N13 Billion Corruption Allegation in CNG Project
The Federal Ministry of Finance has strongly denied allegations of corruption tied to a N13 billion contract related to the…