President Donald Trump’s swift rejection of Iran’s response to a U.S. peace proposal pushed oil prices higher on Monday. This action has fuelled concerns that the...
Nigerian billionaire Aliko Dangote is looking at Kenya as the site of a 650,000-barrel-a-day oil refinery that he intends to build in East Africa, the Financial...
Residents of Nembe communities of Okpoama and Ikensi in Brass and Nembe Local Government Areas have raised the alarm over a fresh oil leak from an...
Nigeria has gone from capturing 4% of Africa’s upstream final investment decisions (FIDs) to commanding 40% in two years, according to Nigeria’s Energy Sector Reforms 2023-2026:...
Oil prices fell 3% on Thursday, bouncing off session lows in volatile trade but staying down about 3%, keeping Brent below $100 a barrel on hopes...
Oil prices fell sharply to two-week lows on Wednesday as optimism grew about a possible end to the war in the Middle East, with reports the...
Dangote Petroleum Refinery and Petrochemicals Limited has revealed that the price of Premium Motor Spirit (PMS) remains same, stating that its ex‑depot price remains unchanged. The...
Nigerian crude oil producers supplied local refineries with less than half of the volumes allocated under the country’s domestic crude supply rules in the first quarter...
Oil prices fell about 3% on Tuesday, as at least one vessel passed through the Strait of Hormuz and the United States said the ceasefire with...
Chief executive of the Nigerian Upstream Petroleum Regulatory Commission, Oritsemeyiwa Eyesan, says Nigeria has introduced a long-term energy plan to balance economic growth, expand energy access,...
Crude oil prices jumped about 5% on Monday as Iran stepped up attacks on the United Arab Emirates (UAE) and ships in the Middle East Gulf...
Billy Gillis-Harry, an energy expert, says the United Arab Emirates’ (UAE) exit from the Organisation of the Petroleum Exporting Countries (OPEC) signals the need for Nigeria...
TotalEnergies Marketing Nigeria Plc reported a 11 per cent decline in revenue to N197.18 billion for the first quarter ended March 31, 2026. This compares with...
MSCI’s global equities gauge fell on Wednesday as oil prices rallied on worries about prolonged disruption in the Middle East while investors were also cautious ahead...
United Arab Emirates said Tuesday it plans to increase energy production as part of its exit from the Organization of the Petroleum Exporting Countries on May...