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Energy
Nigeria, ENI Reach Landmark Deal to Resolve 15-Year OPL 245 Dispute
BY NKECHI NAECHE-ESEZOBOR—President Bola Tinubu announced today the successful conclusion of a historic settlement agreement between the Federal Government of Nigeria, ENI, and...
Stable Rules, Incentives Key to Harnessing Nigeria’s Gas for Industry – Shell MD
Nigeria can harness her gas resources for industrialisation if it achieves stable regulatory enforcement, fair pricing and infrastructure ownership models in the sector,...
Seplat Energy Revenue Jumps 144% to $2.7bn on Offshore Boost, Dividend Up by 52% in 2025
Seplat Energy PLC has reported a 144 per cent surge in revenue to $2.7 billion for the year ended December 31, 2025, driven...
Fuel Imports Set to End as Dangote Refinery Ramps Up Local Supply
Nigeria’s decades-long dependence on imported petrol is set to wind down as the Dangote Petroleum Refinery & Petrochemicals scales up production to meet...
FG Approves ₦2.8 Trillion Subsidy Debt to Power Generation Companies
President Bola Ahmed Tinubu has approved ₦2.8 trillion as the Federal Government’s verified electricity subsidy debt owed to power generation companies (GenCos), following...
NNPC Grows Profit to ₦5.76trn, Records ₦60.5trn Revenue
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced 6.67% growth in Profit After Tax (PAT) in the 2025 financial year to...
Renaissance Africa Clinches Energy Deal of the Year Award for $2.4bn Shell Asset Acquisition
Renaissance Africa Energy Company was on Tuesday night named the winner of the Energy Deal of the Year for 2025 at the Awards...
NBS Reports Decline in Cooking Gas Prices
The National Bureau of Statistics (NBS) says the average cost of a 5kg cooking gas cylinder fell slightly in December 2025. In its...
