The average pump price of Premium Motor Spirit (PMS), also known as petrol, jumped by 76.73 per cent year-on-year in April 2025, reaching N1,239.33 per litre, according to data released …
The Federal Government has stopped fuel tankers from moving at night as part of new safety measures in the petroleum transport sector. This was announced by the Nigerian Midstream and …
South Africa’s currency, the rand, remained largely stable on Thursday despite political tension triggered by a controversial encounter between President Cyril Ramaphosa and U.S. President Donald Trump, which took the …
Nigerian renewable energy company, Winock Solar, has been named the fastest-growing energy firm in Africa, according to the 2025 Financial Times list of Africa’s Fastest-Growing Companies. The firm, which is …
Nigerian renewable energy firm Winock Solar has been named Africa’s fastest-growing energy company, according to the 2025 Financial Times list of Africa’s Fastest-Growing Companies. The firm announced the milestone on …
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr. Felix Omatsola Ogbe, has called on international oil companies (IOCs) operating in Nigeria to actively engage local …
Aliko Dangote, Africa’s richest man and chairman of the Dangote Group, has been praised by the Nigerian government for prioritising national development over foreign wealth opportunities. At a time when …
Kenya has earned Sh247 million from the sale of crude oil extracted from Turkana County, but this achievement has been overshadowed by a serious disagreement over how the money should …
Governor Peter Ndubuisi Mbah of Enugu State has appealed to the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) to fast-track the release of 13 percent oil derivation funds due to …
The Minister of Power, Chief Adebayo Adelabu, has again raised concerns over the growing cost of electricity subsidies in Nigeria, warning that the current approach is not sustainable. According to …
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