Shareholders have confirmed the appointment of Tony Elumelu, chairman of Hiers Energies, an indigenous oil and gas company, as a non-executive director of the board of Seplat Energy. The appointment o...
Dangote Industries Limited has commenced preliminary processes for the construction of a deep-sea port spanning over 10,000 hectares at the Olokola Free Trade Zone in Ogun State, as part of plans to e...
Recurring collapses of Nigeria’s national grid have remained one of the most persistent challenges in the country’s electricity sector, often plunging homes, businesses and industries into darkness an...
Oil prices rose on Monday while stocks were mixed, with the United States and Iran no closer to ending their eight-week-old war after Donald Trump cancelled his envoys’ trip for peace talks over the w...
Nigeria imported about 61.7 million barrels of crude oil from the United States between January 2024 and January 2026, underscoring the country’s growing rel iance on foreign feedstock to support dome...
The decision by Iran to reclose the Strait of Hormuz has dampened hopes that fuel prices would crash in Nigeria. The Strait of Hormuz was opened on Friday following a ceasefire deal between Iran and t...
Nigeria exported 55.39 million barrels of crude oil in the first two months of 2026, even as the Dangote Petroleum Refinery continues to struggle with inadequate domestic feedstock supply. According t...
Wall Street stocks rose sharply over the week and oil prices fell as a fragile truce was struck between the United States and Iran, with ceasefire talks due to start in Islamabad. For the week, all th...
