Category: Newsroom

Aliko Dangote has officially unveiled plans for a landmark Initial Public Offering (IPO) of the Dangote Petroleum Refinery, with a proposal to sell approximately 10% of the company’s equity. The announcement, made during a high-level event at the Atlantic Council in Washington D.C. on Thursday, April 16, 2026, signals a major shift toward cross-border, multi-exchange […]

Nigerian crude grades have surged to a significant premium over international benchmarks, with Brass River trading at $113 per barrel on Thursday, April 16, 2026. This price action comes as Brent crude remains steady at approximately $95 to $96 per barrel, highlighting a widening gap between West African “sweet” grades and the global standard. The […]

In a significant boost for energy security in the Niger Delta, Oando PLC has announced that its joint venture (JV) with NNPC E&P Limited (NEPL) has officially commenced gas delivery to the newly inaugurated 60-megawatt (MW) Yenagoa Independent Power Project (IPP). The announcement, made on April 16, 2026, follows the formal commissioning of the facility […]

In a powerful defense of Nigeria’s economic reforms, Zacch Adedeji, Executive Chairman of the Nigeria Revenue Service (NRS), revealed that the country would have been forced to spend a staggering ₦52 trillion on fuel subsidies in 2026 alone. Speaking on Tuesday, April 14, 2026, during the commissioning of the new NRS headquarters in Abuja, Adedeji […]

Nigeria’s power sector is navigating a complex financial landscape characterized by a significant ₦418.79 billion subsidy burden in the fourth quarter of 2025. According to the latest report from the Nigerian Electricity Regulatory Commission (NERC), while the federal government continues to bridge the revenue gap, electricity distribution companies (DisCos) have shown remarkable operational discipline, posting […]

The ripple effects of Middle East tensions are reshaping the energy landscape across East Africa. On April 15, 2026, Kenya’s Energy and Petroleum Regulatory Authority (EPRA) announced a significant 16% increase in petrol prices, driven by a staggering 41.53% surge in the landed cost of imported fuel. This price adjustment, effective through May 14, 2026, […]

Nigeria’s crude oil industry is entering a critical recovery phase that could see production hit 2.3 million barrels per day (bpd) by 2030. This projection was shared by Austin Avuru, a veteran geologist and pioneer CEO of Seplat Energy, during a high-level industry roundtable in Lagos on April 9, 2026. Avuru’s outlook acknowledges that while […]

Nigeria is poised to reach a landmark moment in its energy transition as the Ajaokuta–Kaduna–Kano (AKK) pipeline prepares to begin gas delivery to the Federal Capital Territory (FCT) by July 2026. This update, shared by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), signals that the long-awaited project is finally entering its operational phase. First conceived […]

The Organization of Petroleum Exporting Countries (OPEC) has confirmed a modest recovery in Nigeria’s upstream sector, with crude oil production rising to 1.38 million barrels per day (bpd) in March 2026. According to the latest OPEC Monthly Oil Market Report, this represents a 5.25% increase from the 1.31 million bpd recorded in February. This uptick […]

In a massive leap forward for African energy integration, Nigeria and Morocco are finalized to sign a landmark intergovernmental agreement this year for the $25 billion Nigeria-Morocco Gas Pipeline (NMGP). The project, also known as the African Atlantic Gas Pipeline, is poised to become one of the most ambitious infrastructure developments in the continent’s history. […]