President Bola Ahmed Tinubu has ordered a full review of revenue deductions and retention practices by Nigeria’s major federal revenue-earning agencies. The directive was made public by the Minister of …
A South African court has cancelled the environmental authorisation that allowed TotalEnergies and its joint venture partner, Shell, to carry out offshore oil exploration off the country’s west coast near …
Several economic indicators, company announcements, debt and currency market developments, and political events are expected to influence African markets on Thursday, with movements already being seen across global markets, commodity …
President Bola Ahmed Tinubu has set an ambitious goal for Nigeria’s economy, announcing on Wednesday that his administration is targeting 7% annual economic growth by 2027. He said this would …
Brega Oil Marketing Company, one of Libya’s key fuel and gas suppliers, has announced new measures to make the distribution of domestic gas cylinders more efficient in the western and …
The Dangote Petroleum Refinery has announced a major step to make fuel cheaper and easier to access across Nigeria. From Monday, August 12, 2025, the refinery reduced its ex-depot price …
Nigeria’s dependence on imported petrol has grown sharply, with fresh data showing that the country sourced 69 percent of its petrol needs from foreign suppliers in June 2025. Figures from …
Nigeria’s oil industry may soon experience a major turnaround, as six new offshore projects are expected to boost the country’s crude oil output by about 800,000 barrels per day (bpd). …
Filling stations across Lagos, Ogun and other parts of Nigeria have increased the pump price of Premium Motor Spirit (PMS), popularly called petrol, to ₦900 per litre and above, despite …
Oilden Energies Limited, one of Nigeria’s rising lubricant manufacturers, has announced that it will officially launch its brand and unveil a new subsidiary on Friday, August 15, 2025, in Lagos. …