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CATEGORY

Energy

Thirty-One Firms Win 37 Oil, Gas Blocks in Nigeria’s Latest Licensing Round

Thirty-one companies have emerged winners of 37 oil and gas blocks in Nigeria’s 2025 Licensing Round following the conclusion of the commercial bid conference...

₦17.5trn NNPC Debt Is Fuel Subsidy in Disguise, Says Oye

The Chairman of the Alliance for Economic Research and Ethics Ltd/GTE, Dele Oye, has said the ₦17.5 trillion debt owed by the Federal Government...

Nigeria Targets Record 3 Million Bpd Oil Output by 2030

Nigeria is set to ramp up crude oil production to 3 million barrels per day by 2030, according to the country’s upstream regulator, which...

Octopus-Backed MOPO Seals $75 Million Deal with Nigeria to Drive Off-Grid Battery Expansion

MOPO, an Africa-focused pay-per-use battery rental firm backed by UK clean energy giant Octopus Energy Group Ltd., has signed an agreement with the Federal...

Transcorp Power Reports Margin Expansion, Resilient H1 2026 Amid Grid Evacuation Pressures

Transcorp Power Plc (NGX: TRANSPOWER) has effectively navigated a challenging half-year operating period, leveraging strict cost controls and financial management to protect its profitability...

Dangote’s $17 Billion Kenya Refinery Faces Environmental Resistance Over Lamu Ecosystem Risks

Aliko Dangote’s ambitious expansion into the East African downstream market is facing a wave of domestic and international environmental pushback. Just days after Kenyan President...

Tinubu Grants Shell Unprecedented $11.50/bbl Tax Credit to Unlock $20 Billion Bonga Megaproject

In its most aggressive move yet to reverse a near two-decade drought in deep-offshore capital commitments, the Federal Government has approved a historic, production-linked...

Dangote Refinery Shields Nigerians from Global Fuel Price Shock – S&P

Dangote Petroleum Refinery & Petrochemicals continues to shield the Nigerian market from external price shocks, maintaining stable domestic fuel prices within a commercially acceptable...

Dangote, Global Refiners Enjoy Profit Boom Amid Tight Markets and Supply Disruptions

The unglamorous, highly technical business of refining crude oil into everyday transportation fuels has emerged as the most profitable segment of the global energy...

Dangote Refinery Abandons Naira Sales, Fixing Gantry Petrol Price at $0.779 Per Litre

In a structural shift that will fundamentally rewrite pricing mechanics across West Africa’s deregulated downstream market, the Dangote Petroleum Refinery has officially terminated its...

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