Oil & Gas

Ima FID: ‘That handshake has become an FID’ — AMNI   Nigeria has taken a major step towards developing the 53-year-old Ima gas field, as AMNI International Petroleum Development Company Limited and TotalEnergies EP Nigeria reached Final Investment Decision (FID) on the project, with first gas expected by the end of 2028. The FID, announced

Ima FID: From Houston handshake to Nigeria’s new gas project By Chief Tunde Afolabi It gives me immense pleasure, and indeed a deep sense of pride, to welcome you to this very important occasion—the Final Investment Decision ceremony for the IMA Project. Today represents much more than the approval of an investment. It represents the

Fuel Price War: Top Depots Cut Petrol to N1,330/Litre By Eyo Nsima Petrol prices across major Nigerian depots remained within a narrow range on Friday, September 18, 2026, with the lowest prices recorded at N1,330 per litre, according to the Daily Depot Price Intelligence Report. Four depots — Alkanes, Fynefield, Northwest and Sobaz — sold

Syria fuel crisis: Crude wealth is no energy security By Eyo Nsima Syria’s latest fuel crisis should serve as a warning to Nigeria and other countries exposed to disruptions in global oil and petroleum-product markets. Syria’s decision to raise diesel prices by 40 per cent and gasoline prices by up to 28 per cent has

Afreximbank Moves to Boost Angola’s Indigenous Oil, Gas Partic-ipation   African Export-Import Bank (Afreximbank) hosted a Local Content Development Fo-rum in Luanda, Angola, on 9 September 2026, bringing together government institu-tions, financial institutions, indigenous companies and industry players to explore financing opportunities across Angola’s oil and gas value chain. Held at the Centro de Convenções

Petrol Depot Prices Rise to N1,300 as Marketers Adjust to Crude Market By Eyo Nsima The price of Premium Motor Spirit (PMS), otherwise known as petrol, rose to as high as N1,300 per litre at some Nigerian depots on Friday, September 11, 2026, amid fresh price adjustments across key petroleum products markets. The latest mid-day

Editorial: Africa Must Not Miss AEW 2026   Africa cannot afford to be a spectator in the global energy debate. The continent is endowed with enormous oil and gas resources, vast renewable energy potential and a young, growing population. Yet it continues to suffer from inadequate electricity supply, energy poverty, limited access to clean cooking

Petrol depot prices hit N1,950/litre, widen regional price gap By Eyo Nsima Petrol depot prices climbed as high as N1,950 per litre in some parts of Nigeria on Friday, September 4, 2026, as price disparities widened across Lagos, Port Harcourt, Calabar and Warri markets. The latest mid-day price report showed that Sahara Depot in Port

  Petrol Prices: Top 10 depots push petrol above N1,290/Litre By Eyo Nsima The price of Premium Motor Spirit (PMS), popularly known as petrol, remained elevated across major Nigerian oil trading centres yesterday, with some depots selling above N1,300 per litre. A mid-day market report for Thursday, September 3, 2026, showed that the highest PMS

Top 10 Depots with Highest Petrol Prices as PMS Rises to ₦1,217/Litre By Udeme Akpan Petrol prices at Nigerian depots remained elevated on Friday, with the highest Premium Motor Spirit (PMS) price recorded at ₦1,217 per litre, according to the mid-day depot price report for August 28, 2026. The data showed that Matrix Depot in