Energy

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 …

Nigeria’s crude oil production rose to 1.459 million barrels per day, bpd, in January 2026, according to data submitted by the country to the Organisation of the Petroleum Exporting Countries, …

Dangote Petroleum Refinery has announced that it has reached a major operational milestone with the full restoration and optimisation of its Crude Distillation Unit, CDU, and Motor Spirit, MS, production …