Defining the African Energy Narrative.
The Federal Competition and Consumer Protection Commission (FCCPC) has expressed concern over the slow pace of reductions in petrol prices despite the recent decline in global crude oil prices, warning that it will sanction operators found to be exploiting consumers. In a statement issued on Sunday, the commission said its ongoing surveillance of Nigeria’s downstream […]
Nigeria generated an estimated N20.22 trillion from crude oil exports between January and May 2026, representing a 29.5 per cent increase over the corresponding period of 2025, despite exporting fewer barrels during the period. An analysis of export data shows that the country earned approximately $14.66 billion from crude oil exports in the first five […]
Nigeria’s Dangote Petroleum Refinery has imported its first-ever crude oil cargoes from the United Arab Emirates, marking a significant shift in its sourcing strategy as it seeks to secure more reliable feedstock supplies amid persistent domestic crude shortages. According to a report by S&P Global Commodity Insights, the 700,000-barrels-per-day refinery recently purchased two cargoes of […]
Nigeria’s oil and gas industry attracted the smallest portion of foreign capital inflows in the first quarter of 2026, despite a significant increase in overall investment entering the country, according to data released by the National Bureau of Statistics (NBS). The NBS Capital Importation Report showed that total capital inflows into Nigeria rose to $10.37 […]
Nigeria’s crude oil production faces a significant threat following the shutdown of 13 oil flow stations in Delta State by protesters demanding the implementation of the ward delineation report for the Warri Federal Constituency approved by the Independent National Electoral Commission (INEC). The protest, led by women and youths from several Ijaw and Urhobo communities, […]
New documents have shown that Shell Nigeria Gas Limited continued to operate a major oil pipeline in Niger Delta for years despite internal assessments indicating significant environmental risks and evidence of pollution linked to the infrastructure. According to a report first published by the BBC, internal company records show that Shell was aware of concerns […]
The planned listing of the Dangote Petroleum Refinery is increasingly being viewed as more than just another corporate planned initial public offering (IPO), as the conversation across financial and energy markets is shifting toward a much bigger question of whether the refinery shares can fundamentally redefine African energy investment. For decades, Africa’s energy story has […]
The United States has reportedly suspended a planned military strike on Iran after urgent intervention from key Gulf leaders who called for restraint and renewed diplomatic engagement amid escalating tensions in the Middle East. According to reports, US President Donald Trump, on Monday, confirmed that the strike, which was allegedly scheduled for Tuesday, was halted […]
A Federal High Court in Abuja has ordered the final forfeiture of a Hawker 125 private jet allegedly linked to fraud and money laundering connected to the Maiduguri Emergency Power Project (MEPP), a major energy infrastructure contract awarded by the Nigerian National Petroleum Company Limited (NNPCL) in 2021. The ruling, delivered by Justice Emeka Nwite […]
Global oil prices climbed sharply on Monday after US President Donald Trump rejected Iran’s response to a US-backed peace proposal, reigniting fears of prolonged supply disruptions in the Middle East and renewed volatility across energy markets. Brent crude futures rose by nearly 4 percent during early trading, reaching above $105 per barrel before easing slightly, […]
