Energy

West Africa could build a $3tn cumulative energy market by 2035 if the region’s 16 countries move away from…

Nigeria is intensifying efforts to attract private and international funding into its gas sector as the country…

Nigeria’s crude oil production remained above the 1.5 million barrels per day (bpd) mark for the third consecutive…

Brent crude oil climbed above $88 per barrel on Tuesday as fresh diplomatic signals raised hopes that the United…

Russia has turned to India for gasoline as pressure on its domestic fuel supply intensifies, highlighting the…

West Africa may be moving closer to a major shift in how petroleum products are priced, as the Nigerian Midstream…

Nigeria is making a major push to revive its deepwater oil industry, introducing a new rules-based incentive…

Nigeria and other West African countries are stepping up efforts to create a more integrated regional energy…

The Federal Government has called for a West African fuel price benchmark that reflects the region’s own market…

Nigeria’s oil and gas sector may be entering a new chapter as regulators, industry operators and investors point to…

Nigeria’s domestic refining sector received a major boost in the second quarter of 2026, as 53.7 million barrels of…

China’s independent oil refiners, widely known as “teapots,” could be preparing to make a major return to the…

Nigeria is moving toward a major shift in its oil industry, with plans to refine all of its crude oil locally by…

Oil prices extended their sharp rally on Tuesday as hopes of a quick resolution to the crisis around the Strait of…

A fresh dispute has emerged between the Dangote Petroleum Refinery and the Nigerian Upstream Petroleum Regulatory…

Nigeria’s fuel subsidy could have ballooned to about ₦53 trillion and pushed the naira exchange rate to around…

Nigeria is taking fresh steps to address crude oil supply shortages to local refineries, as the Nigerian Midstream…

Oil prices could be heading for another sharp rise after Iran ruled out resuming direct negotiations with the…

Tensions around the Strait of Hormuz have taken another worrying turn after reports emerged that a tanker was…

Nigeria’s foreign exchange demand for oil-sector imports jumped by 114.91 per cent to $4.86bn in 2025, underscoring…

Nigeria’s fuel subsidy bill hit a staggering N1.16 trillion in 2021, as the Senate’s ongoing investigation into the…

India is turning increasingly to Nigeria for crude oil as growing tensions linked to the US-Iran crisis continue to…

The government’s GH¢2 per litre reduction in diesel prices will not result in a loss of government revenue,…

Dangote Petroleum Refinery has strengthened Nigeria’s position in the global energy market after emerging as…

The Federal Government is stepping up efforts to tackle Nigeria’s electricity challenges with the rollout of…

Seplat Energy is on course to complete the sale of a 10 per cent working interest in its joint venture with the…

Nigeria is positioning itself for a major boost in its oil and gas industry as the Federal Government, through the…

Aradel Holdings and Seplat Energy delivered exceptional financial performances in the first half of 2026,…

Dangote Refinery is accelerating its shift toward sourcing crude oil from across Africa as supplies from Nigeria…

Dangote Petroleum Refinery has announced another reduction in the ex-depot prices of Premium Motor Spirit (PMS),…