Nigeria Energy Firm Signs MoU with UK Group for Investment
A Nigerian energy firm, Sapphire and Carbuncle Energy Limited, has formalized a strategic partnership with London-based Nexarka Group Energy and […]
African Business News
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World Bank Visits NEMA for Nigeria Disaster Preparedness
A technical team from the World Bank Group visited Nigeria’s National Emergency Management Agency (NEMA) on Tuesday to review joint
African Business News
Trump U-Turn: Israel Won’t Strike Iran Gas Plant Again
US President Donald Trump has stated that Israel will not conduct further attacks on Iran’s South Pars gas field, provided
Naira Appreciates in Official Market Ahead of Eid-ul-Fitr
The Nigerian Naira strengthened significantly against the US dollar at the official foreign exchange market on Tuesday, marking a second
African Business News
Dangote Refinery Imports $3.74bn Crude Oil Despite Nigeria
Nigeria’s trade balance saw significant structural shifts in 2025, as the Dangote Petroleum Refinery’s operations led to substantial crude oil
Petrol Prices Reduced in Nigeria by Stations Amid Volatility
Some Nigerian filling stations have lowered premium motor spirit pump prices, reflecting recent fluctuations in global crude oil costs. select
Nigeria electricity supply to rise as gas constraints resolved
Nigeria’s Minister of Power, Adebayo Adelabu, has stated that improved electricity supply is imminent as federal interventions begin to address
African Business News
AEC Urges African Inclusion at Africa Energies Summit
The African Energy Chamber (AEC) has urged organizers of the Africa Energies Summit 2026 to ensure substantial African representation in
Nigerian Crude Sold to Dangote via Middlemen at $18 Premium
A senior Nigerian lawmaker has alleged that the country’s crude oil is being sold to domestic refineries, including the Dangote
African Business News
MEMAN on Nigeria Petrol Prices: Fast Rises, Slow Declines
The Major Energy Marketers Association of Nigeria (MEMAN) has clarified the market mechanics behind the frequent observation that domestic petrol
Nigeria Blackout Worsens Due to GenCos N6.8 Trillion Debt
A severe deterioration in Nigeria’s power supply is underway as electricity generation companies (GenCos) have intensified shutdowns, citing an unsustainable
African Business News
Iran Hits Saudi, Kuwait Oil Refineries with Drones
Drones struck key oil facilities in Saudi Arabia and Kuwait on Thursday, marking a significant escalation in attacks on Gulf