energy
Uganda Names Crude Oil Blend Pearl Sweet as Commercial Production Nears
Uganda has officially christened its crude oil blend Pearl Sweet, marking a critical step toward commercial production by the end of 2026. The...
Dangote Refinery Prepares for Africa’s Largest Ever IPO in September
Africa's financial markets are bracing for their biggest initial public offering ever as Nigeria's Dangote Refinery prepares to list shares across multiple African...
NECA Questions Fresh NNPCL Refinery Pact With Chinese Firms
The Nigeria Employers Consultative Association has expressed serious concerns over the recent Memorandum of Understanding signed between Nigerian National Petroleum Company Limited and...
Nigeria Exports 80 Percent of Crude Oil Despite Rising Local Refinery Demand
Oil companies in Nigeria exported nearly 80 percent of the country’s crude oil production in the first quarter of 2026 despite increasing demand...
Lagos to End Electricity Subsidy as State Moves Toward Full Cost Tariff System
Electricity consumers in Lagos State may soon face higher tariffs as the government has announced that there will be no subsidy under its...
Nigeria Oil Producers Offer 58.8 Million Barrels to Local Refineries as Domestic Supply Obligation Exceeds Target
Oil producers in Nigeria have supplied about 58.8 million barrels of crude oil to domestic refineries in the second quarter of 2026, surpassing...
U.S. Imports of Nigerian Crude Drop 15 Percent as Energy Trade Shifts in Early 2026
The United States spent $578.78 million on crude oil imports from Nigeria in the first quarter of 2026, marking a significant decline compared...
Atiku Calls for Suspension of NNPC Refinery Deal With Chinese Firms
Former Vice President Atiku Abubakar has called for the immediate suspension and public scrutiny of the Nigerian National Petroleum Company Limited NNPC agreement...
MAN Rejects World Bank Call for Petrol Import Licences, Warns of Economic Setback
The Manufacturers Association of Nigeria has strongly opposed the recommendation by the World Bank urging Nigeria to reconsider reinstating petrol import licences to...
Trump Says Iran Allowed Oil Tankers Through Strait of Hormuz as ‘Gesture’ in Talks
United States President Donald Trump has said that Iran permitted the passage of 10 oil tankers through the strategic Strait of Hormuz as...
