Energy

Landlords and occupiers of public buildings in Nigeria now risk a fine of N1 million, a jail term of 12 months, or both, if they fail to insure their properties …

The Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) are still giving different forecasts for the oil market over the next two years. Their latest …

The Federal Government has paid over N2 trillion owed to contractors for capital projects from the 2024 budget, and says it will now focus on ensuring timely release of funds …

A concerned citizen, Mr. Prezugha Ezon, has called on the Federal Government and the Nigerian National Petroleum Company Limited (NNPCL) to extend the pipeline surveillance contract of Tantita Security Services …

Pretoria Portland Cement Company (PPC), one of the largest cement producers in Southern Africa, is taking big steps into renewable energy as part of its long-term business strategy. The company …

A Nigerian petroleum geoscientist, Mr. Seye Ekun, has been elected as the Vice President of the American Association of Petroleum Geologists (AAPG) Africa Region. His tenure will run from July …

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 …