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Tuesday, May 5, 2026
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CATEGORY

Energy

Transcorp Group Maintains Strong Profitability in Q1, 2026 Amid Challenging Environment

Transnational Corporation Plc (Transcorp Group) profit growth remained strong in the First Quarter (Q1) 2026 period, supported by operational efficiency and strategic positioning as...

Resilience Amid Disruptions: Transcorp Power Nets ₦29.7bn Profit Despite Grid Vandalism

Transcorp Power Plc (NGX: TRANSPOWER) reported a resilient first quarter for 2026, navigating a "perfect storm" of gas constraints and severe transmission infrastructure vandalism. While...

Dangote Group Hits First Oil in Bid for Total Energy Autonomy

In a major step toward total energy self-sufficiency, the Dangote Group has officially commenced production from its upstream oil assets. Devakumar Edwin, Vice President of...

Oil Prices Fall 11% as Geopolitical Tension Eases

It appears there is light at the end of the tunnel for the global economy as crude oil prices slumps following the brokering of...

Dangote Refinery Now Supplies 72% of Nigeria’s Daily Petrol Needs, Hits 94% Capacity

The Nigerian downstream sector has reached a historic turning point. According to the NMDPRA’s March 2026 "State of the Downstream Sector" report, the Dangote...

Dangote Refinery to Offer 10% Stake in Landmark Pan-African IPO

In a significant update from Washington DC, Aliko Dangote has confirmed that the Dangote Petroleum Refinery & Petrochemicals will offer approximately 10% of its...

Dangote Refinery Becomes Europe’s Jet Fuel Lifeline Amid Iran War

The Dangote Petroleum Refinery has rapidly transitioned from a regional energy solution to a critical pillar of European aviation security. As the U.S.-Israel-Iran conflict paralyzes...

The Elumelu Alpha: Heirs Energies Nabs $367 Million Gain as Seplat Hits Historic ₦10,000 Mark

In what market analysts are calling a "masterclass in market timing," billionaire Tony Elumelu has seen his strategic entry into Seplat Energy PLC yield...

Nigeria Becomes Net Petrol Exporter as Dangote Floods Global Markets

In a moment that marks the end of a decades-long era of energy dependency, Nigeria has officially emerged as a net exporter of gasoline. Data...

West African Diesel Inflows Hit 899,000 mt as Dangote Exports Pause in April

New data from S&P Global Commodities at Sea (CAS) reveals a stark shift in the West African energy balance for April 2026. While the region...

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