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CATEGORY

Energy

Energy

US-Iran Deal Eases Oil Supply Fears but Normalization of Flows to Take Time

Bala Augie -
The US and Iran have reached a memorandum of understanding to end their conflict and reopen the Strait of Hormuz, a development expected to...
Energy

Conoil Profit Slumps 75.25% as Deregulation Bites

Bala Augie -
A sharp reduction in the importation of petroleum products due to the onboarding of the Dangote Refinery is biting deep into the margins of...
Energy

Nigeria Establishes Security Outfit to Protect Oil Pipelines as Sabotage Attacks Rise

Bala Augie -
The Nigerian government has set up a dedicated security team to protect oil pipelines across the country in a bid to curb crude theft...
Energy

Dangote Refinery Seeks to Raise $1 Billion in Private Debt Sale to Fund Expansion Plans

Bala Augie -
Dangote Petroleum Refinery & Petrochemicals FZE, Africa's largest crude processing plant, is seeking to raise as much as $1 billion through a private sale...
Energy

Nigeria Plans Third Oil Licensing Round Since 2024 to Boost Flagging Output

Bala Augie -
Nigeria is planning a new oil licensing round in the third quarter of 2026—the third bid round since 2024—to attract fresh upstream investors and...
Energy

Billionaire Tony Elumelu Emerges Chairman of Seplat Energy as New Era Begins

Bala Augie -
...Brown, Udoma step down  Seplat Energy Plc has announced a major leadership transition, with billionaire investor and philanthropist Tony O. Elumelu, CFR, set to assume the...
Energy

Aba Gets 24-Hour Power as Governor Otti Offers Land to Relocating Steel Plant

Bala Augie -
Abia State Governor Alex Otti revealed at Invest Lagos 3.0 that Aba now enjoys 24-hour power supply and said Ariaria Market has been transformed...
Energy

Dangote Begins Construction to Double Oil Refinery Capacity, to Come Online 2028

Bala Augie -
Aliko Dangote has started work to double capacity at his huge oil refinery in Nigeria, which when finished will rival the world's largest site...
Companies

Sahara Group Advances Energy Access in Africa with $50,000 Asharami M.A.D Equation

Bala Augie -
Sahara Group has announced the Asharami M.A.D Equation, a $50,000 innovation programme designed to advance Africa’s energy transition by turning research into scalable solutions...
Energy

CardinalStone Raises Transcorp Group Stock Target to ₦69.71 on Power Turnaround, Maintains BUY

Bala Augie -
CardinalStone Partners has revised its 12-month target price for Transnational Corp Plc (NGX: TRANSCORP) stock upward to ₦69.71 from ₦67.38, maintaining a BUY recommendation...
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