Tuesday, July 21, 2026
Oil output hits 6-year high as Nigeria beats OPEC quota for fourth straight monthÂ
A sustained recovery in crude oil production is strengthening optimism over higher export earnings and government revenues after output reached...
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Niger State allocates 500 ha to Indian billionaire Raj Gupta’s AIG steel plantÂ
Niger State, with the largest landmass in Nigeria, has approved 500 hectares of land to Raj Gupta, Indian billionaire's African...
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Dangote to use cash flow, bonds, IPO to fund proposed $17bn Kenya refineryÂ
Aliko Dangote, key business tycoon and Africa's richest man plans to source finance for his proposed $17 billion Kenya refinery...
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Renaissance makes 27m bpd offshore Nigeria discovery
Renaissance Africa Energy Company Limited has announced a major offshore oil discovery in Nigeria following its successful drilling of the...
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Price rigidity leaves Nigerians waiting for petrol reliefÂ
Petrol slightly cheaper, but little else is Cost of living crisis continues in households Economist blame institutional weakness Nigeria...
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NNPCL’s revenue falls 13% to N4.3trn in May despite stable oil output
• Profit goes south to N4.62bn • Remitted N4.858trn to federation account Jan-May 2026 Nigeria’s state-run energy company, the Nigerian...
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Sahara Group appoints Soetan as Arahas MD to drive oilfield services transformation across Africa
Sahara Group, a leading international and infrastructure company, has appointed Folake Soetan as managing director of its Arahas Global Oilfield...
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World Bank redirects $730m power loan to electricity distribution
Global lender, the World Bank has decided rather to redirect a $730 million financing facility towards reviving Nigeria's electricity distribution...
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Global LNG demand to rise 65% unfazed by Middle East disruptions, says Shell report
• 700m tonnes annually • Europe to remain major LNG consumer Ben Eguzozie, in Port Harcourt Global demand for liquefied...
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Shell forecasts 65% jump in LNG demand despite geopolitical risks
Global demand for liquefied natural gas (LNG) is expected to rise by about 65 per cent by 2050, underscoring the...
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