Dangote Petroleum Refinery has announced a temporary suspension of petroleum product sales in naira citing the need to align its sales proceeds with crude oil purchases...
Nigeria’s oil production remains under pressure despite the resumption of the Trans-Niger Pipeline, which was temporarily shut down following an explosion and fire. The pipeline, responsible...
Oil prices climbed on Monday as heightened geopolitical tensions in the Middle East and encouraging economic signals from China supported market sentiment. Brent crude oil, against...
Goldman Sachs has revised downward its oil price projection amid rising global supply and increasing economic headwinds stemming from escalating trade tensions. The bank now expects...
Gold has officially broken the $3,000 per ounce barrier in a historic moment for investors and global financial markets. The surge, fueled by escalating geopolitical uncertainties,...
Oil prices reversed gains from the previous session on Thursday as markets weighed economic uncertainty, trade tensions and shifting supply-demand dynamics. Brent crude fell by 30...
West Africa emerged as a key driver of Africa’s solar expansion in 2024 as installations surged across the region amid rising electricity demand and persistent power...
Oil prices saw modest gains on Wednesday, supported by a weaker U.S. dollar, but lingering fears of a U.S. economic slowdown and the impact of global...
The competition in Nigeria’s downstream oil sector has intensified as independent petroleum marketers shift away from the Dangote Petroleum Refinery’s N825 per litre gantry price for...
Savannah Energy Plc, a British independent energy firm, has finalized the acquisition of Sinopec International Petroleum Exploration and Production Company Nigeria Limited (SIPEC). The $35.1 million...
