Dangote Refinery to drive Africa’s refining boom as OPEC projects 800,000 bpd capacity expansion by 2030 By Eyo Nsima The Dangote Petroleum Refinery is expected to play a pivotal role in Africa’s refining renaissance, as the Organization of the Petroleum Exporting Countries (OPEC) projects that the continent will account for one of the world’s fastest-growing […]
Oil Market Mixed as Brent Climbs Above $72, OPEC Basket Falls 3.6% By Eyo Nsima Global oil prices traded mixed on Friday, with benchmark crude grades posting modest gains, while the OPEC Reference Basket recorded a sharp decline, reflecting continued volatility in the international energy market. Market data showed that Brent crude, the global benchmark,
Oil Market Mixed as Brent Climbs Above $72, OPEC Basket Falls 3.6% Read More »
Electricity Debt Hits ₦377bn as FG Shoulders ₦358bn Tariff Subsidy in Q1 2026 By Eyo Nsima The Federal Government spent ₦358.32 billion on electricity tariff subsidies in the first quarter of 2026 as Nigeria’s power sector continued to battle huge financing gaps despite improved payment performance by electricity distribution companies (DisCos). The latest First Quarter
Electricity Debt Hits ₦377bn as FG Shoulders ₦358bn Tariff Subsidy in Q1 2026 Read More »
Abuja, Ikeja Top NBET Payment Obligations as DisCos Remit ₦312.5bn in Q1 2026 By Eyo Nsima Nigeria’s electricity distribution companies (DisCos) collectively remitted ₦312.48 billion to the Nigeria Bulk Electricity Trading Plc (NBET) in the first quarter of 2026, achieving a 94.29 per cent remittance performance under the Distribution Companies’ Remittance Obligation (DRO) framework. The
Abuja, Ikeja Top NBET Payment Obligations as DisCos Remit ₦312.5bn in Q1 2026 Read More »
Le marché nigérian de l’électricité confronté à une dette croissante, les acheteurs étrangers ne règlent que 28 % de leurs factures au premier trimestre 2026 Par Eyo Nsima Le marché nigérian de l’électricité a continué de faire face à d’importantes difficultés de paiement au premier trimestre 2026. Les clients internationaux bénéficiant de contrats bilatéraux n’ont
Dangote Refinery Cuts Fuel Prices Again, signals further moderation …reduces PMS by N200 per litre in one month, says refinery absorbed global oil price surge Dangote Petroleum Refinery & Petrochemicals has announced another reduction in the ex-depot price of Premium Motor Spirit (PMS), marking its fourth price cut within a month as the company said
Dangote Refinery Cuts Fuel Prices Again, signals further moderation Read More »
Matric, A.Y.M Shafa, Sigmund among top 10 Oil Companies with Nigeria’s Highest Depot Fuel Prices By Eyo Nsima Nigeria’s depot fuel market recorded another day of price variations on Friday, July 3, 2026, with several oil marketing companies maintaining significantly higher ex-depot prices for Premium Motor Spirit (PMS), also known as petrol, and Automotive Gas
Nigeria’s Electricity Market Battles Rising Debt as Foreign Buyers Pay only 28% of Power Bills in Q1 2026 By Eyo Nsima Nigeria’s electricity market continued to grapple with mounting payment challenges in the first quarter of 2026, with international bilateral electricity customers remitting barely a quarter of their invoices, while the Federal Government-owned Ajaokuta Steel
La raffinerie Dangote appelée à renforcer la sécurité énergétique du Nigeria alors que les prix mondiaux du pétrole évoluent de manière contrastée Par Eyo Nsima La Dangote Refinery devrait jouer un rôle de plus en plus stratégique dans le secteur énergétique nigérian, alors que les prix mondiaux du pétrole brut continuent d’évoluer de manière
Dangote Refinery Positioned to Strengthen Nigeria’s Fuel Security as Global Oil Prices Show Mixed Trends By Eyo Nsima Dangote Petroleum Refinery is expected to play an increasingly strategic role in Nigeria’s energy market as global crude oil prices continue to experience mixed movements, reinforcing the importance of domestic refining capacity in shielding the country’s fuel
