Nigeria is targeting the connection of 5.2 million people to electricity by June 2026 under a $750 million renewable energy programme backed by the World Bank....
Nigeria has recorded the highest gasoline price increase among major African economies, with petrol prices rising to around ₦1,400 per litre despite the commencement of large-scale...
Global energy markets opened the week under pressure as crude oil prices surged above $115 per barrel, driven by escalating geopolitical tensions in the Middle East...
Nigeria is targeting an increase in crude oil production to an average of 1.8 million barrels per day (bpd) in 2026 as the Nigerian National Petroleum...
Crude oil prices declined on Friday following renewed diplomatic signals around the ongoing Middle East conflict, but the market remained firmly above the $100 per barrel...
Nigeria’s ability to benefit from elevated global crude prices continues to be constrained by persistent inefficiencies in its oil sector. Despite favourable oil price trends in...
Oil prices fell below $100 per barrel on Wednesday as easing Middle East tensions reduced supply disruption concerns and triggered a market selloff. Brent crude dropped...
Gold prices rebounded on Wednesday as a softer U.S. dollar and easing concerns over aggressive interest rate hikes improved investor appetite for the precious metal. Spot...
Petrol prices in Nigeria have surged by over 50 percent as the country sharply reduces its dependence on imported fuel. Recent data indicates that fuel imports...
Dangote Refinery has increased its supply of refined petroleum products to neighbouring West African countries as the company shipped 12 cargoes or 456,000 tonnes following the...
