The Minister of Power, Adebayo Adelabu, has again assured Nigerians that President Bola Ahmed Tinubu is determined to deliver steady and uninterrupted electricity supply across the country before the end …
Energy
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EconomyEnergyGovernanceInfrastructureNigeriaPolitics
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BusinessCorporate NewsEnergyFinance & ServicesNigeria
Eterna Plc Posts N1.6bn Profit in First Half of 2025
Eterna Plc, one of Nigeria’s leading integrated energy companies, has maintained a strong financial position by posting a profit before tax of N1.6 billion for the first half of 2025. …
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AFRICA NEWSDiplomacyEconomyEnergyPublic Health
Burkina Faso, Russia Launch Joint Commission to Boost Ties
Burkina Faso and Russia have taken a major step to strengthen their strategic partnership by establishing a new joint intergovernmental commission. The announcement was made on July 30, 2025, in …
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EconomyEnergyExchange RatesGovernment PolicyNAMIBIATransportation
Namibia Keeps Fuel Prices Steady Despite Global Diesel Hike
The Ministry of Mines and Energy in Namibia has announced that fuel prices will remain unchanged for August 2025, despite a rise in international diesel prices. According to the government, …
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A committee of Kenya’s National Assembly has ordered a special audit into a controversial financial partnership between the National Oil Corporation of Kenya (NOCK) and Rubis Energy Kenya, raising serious …
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BusinessCorporate EarningsEconomyEnergyOil & Gas
Shell Records $8.4bn Profit Drop as Oil Prices Fall
British oil and gas company Shell Plc has reported a 23% fall in net profit for the first half of 2025, blaming the decline on weaker energy prices and global …
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DevelopmentEconomyEnergyGOVERNMENTOil & Gas
NUPRC Targets 810,000 Barrels Daily from Deep Offshore Oil Reserves
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has intensified efforts to boost the country’s crude oil production, with a renewed focus on unlocking 810,000 barrels per day (bpd) from Nigeria’s …
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EnergyFinance & ServicesInternational Trade
ICE Hits Record Earnings as Energy Trading and IPOs Surge
The Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, has reported stronger-than-expected earnings for the second quarter of 2025, driven by increased trading activity during a volatile …
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CrimeEnergyGovernancePoliticsSecurityUrban Development
City Power Cracks Down on Illegal Connections
City Power in Johannesburg has started a serious operation to remove illegal electricity connections and disconnect people who do not pay their bills. This move, according to officials, is to …
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China-Africa RelationsDebt Management,EconomyFinance & ServicesInfrastructureOil & Gas
Angola Moves to Cut Oil-Backed Debt to China by 2025
Angola is making strong progress in reducing its oil-backed debt to China, with government officials saying the total could drop to between $7.5 billion and $8 billion by the end …