Energy

Nigeria and the International Energy Agency (IEA) have signed a Joint Work Programme (JWP) aimed at strengthening cooperation in energy data, policy development and investment across the sector. The agreement, …

The Crude Oil Refinery Owners Association of Nigeria (CORAN) has called on the Federal Government to take urgent steps to strengthen Nigeria’s domestic refining industry and reduce the country’s reliance …

The Nigeria Labour Congress (NLC) has criticised the latest increase in the price of Premium Motor Spirit (PMS), commonly known as petrol, describing the adjustment as “avoidable and unacceptable.” The …

Nestoil Group has invested approximately $28 million in two drilling rigs as part of its efforts to increase crude oil production and expand indigenous drilling capacity in Nigeria. The company …

Saudi-based ADES International Holding has secured a new offshore drilling contract valued at about $92.7 million in Nigeria, deepening its footprint in West Africa’s oil and gas industry amid renewed …

Fresh moves by global energy giants are reinforcing Southern Africa’s growing reputation as the continent’s next major oil frontier, with BP securing new exploration interests offshore Namibia. Industry sources indicate …

Countries across Africa are rolling out emergency measures, from diluting petrol to rationing electricity, as the continent grapples with a deepening fuel crisis triggered by the US and Israel conflict …

Nigeria’s Dangote mega-refinery has begun exporting fuel to several African countries as global oil prices continue to climb sharply in the wake of escalating conflict in the Middle East. The …

Africa’s economic outlook is sharpening with renewed confidence, as fresh projections point to a continent firmly on the rise. Growth is expected to reach 4.3% in 2026—outpacing many advanced economies—while …

A war thousands of kilometres away is about to hit African wallets again. Within hours of US-led airstrikes on Iran on 28 February, Brent crude jumped from $67 to above …