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CATEGORY

Energy

Hungary Exempt From Russian Oil Price Cap – FM

Hungary has been granted an exemption from the price cap on Russian oil set by the EU and the Group of Seven (G7) countries,...

China Scoops up Cheap Russian Oil – Bloomberg

China’s oil refiners have started to snap up Russian crude shipments amid sharply lower prices and the looming EU price-cap measure, Bloomberg reported on...

Why Seplat Energy Stock is a Top Buy Among NGX 30 Firms

Seplat Energy Plc, which enjoys a rally in crude oil price, stands out among Nigerian most liquid and capitalised firms as it recorded the...

EU Tentatively Agrees to Russian Oil Price Cap – Reuters

The European Union has tentatively agreed on a $60 a barrel price cap on Russian seaborne oil, Reuters reported on Friday, citing sources. The...

NNPC Ltd, 2 Others to Develop Bauchi, Gombe Oil Blocks, Says Kilani

By Abdulwaheed Olayinka Adubi, Kaduna The Director Media and Publicity, Bola Ahmed Tinubu Presidential Support Committee (PSC), Kailani Muhamad, has disclosed that the newly discovered...

Africa Requires $190bn Annual Investments to Achieve Energy Goals 

Africa will require about $190bn worth of investments annually between 2026 and 2030 to meet its energy and climate goals to boost socio-economic prosperity...

Chevron to Resume Venezuela Oil Output as US Eases Sanctions

The Biden administration granted Chevron Corp. a license to resume oil production in Venezuela after US sanctions halted all drilling activities almost three years...

German Gas Giant Seeks $53 billion Bailout – Reuters

Berlin will have to come up with an extra €25 billion ($25.8 billion) to bail out the country’s largest gas importer Uniper, Reuters reported...

Fuel Queues Resurface In Lagos, Marketers Blame Depots

Long Fuel queues resurfaced in Lagos on Tuesday as motorists spent hours at filling stations while waiting to buy the product. The situation was worse...

Ghana Petrol Prices Hit N910 Per Litre

Petrol prices in Ghana are on a tear, reaching multi-year highs of $1.282 per lite, equivalent to N910 per litre in Nigerian Naira. Nigerian...

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