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Energy and Commodities

Egypt

Egypt Expands Oil & Gas Exploration with New Licensing Round and Investments

Egypt’s energy sector is gaining momentum as the country launches a new licensing round to ...

  • 10 March 2025
  • Africa
Valco Energy

Vaalco Energy Acquires 70% Stake in Côte d’Ivoire’s CI-705 Block

Vaalco Energy has expanded its footprint in West Africa’s offshore oil sector, acquiring a 70% ...

  • 5 March 2025
  • Côte d'Ivoire (Ivory Coast)
Libya oil exploration

Libya Opens First Oil Exploration Bidding Round in 17 Years

Libya has announced its first oil and gas exploration bidding round in over 17 years, ...

  • 4 March 2025
  • Africa
NNPCL

NNPCL Cuts Petrol Price to ₦860 as Fuel Price War Escalates

The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of Premium Motor ...

  • 4 March 2025
  • Business
Gbenga Komolafe

Nigeria’s Rig Count to Hit 50 by Year-End as Oil Sector Gains Momentum

Nigeria’s oil and gas industry is set for a significant boost as the Nigerian Upstream ...

  • 27 February 2025
  • Business

Nigeria’s Oil Refining Sector Sees First Quarterly Growth in 5 Years, Driven by Dangote Refinery

Nigeria's oil refining sector experiences its first quarterly growth in five years, largely due to ...
  • 26 February 2025
  • Business
OPEC

OPEC Urges Africa to Unlock 120 Billion Barrels of Oil, Reject ‘Misguided’ Energy Policies

OPEC urges Africa to unlock its 120 billion barrels of oil reserves, cautioning against rushed ...
  • 26 February 2025
  • Business
Dangote

Dangote Unveils Locally Assembled Peugeot Vehicles, Expands Nigeria’s Auto Industry

Dangote Peugeot unveils locally assembled Peugeot 3008 GT in Kaduna, aiming to boost Nigeria’s auto ...
  • 14 February 2025
  • Business
electricity infrastructure

FG Spends Over ₦9bn on Restoring Vandalized Electricity Infrastructure, Allocates ₦8bn for Anti-Vandalism Campaign

Nigeria’s FG spent over ₦9bn to restore vandalized electricity infrastructure and allocated ₦8bn for anti-vandalism ...
  • 23 January 2025
  • Energy and Commodities
TCN

Vandals Steal TCN Underground Cables, Plunge Abuja into Darkness

Power outage hits Abuja as vandals steal TCN underground cables, affecting key areas, including the ...
  • 17 January 2025
  • Business
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Latest News

U.S. Pushes Rwanda-Congo Peace Deal to End Conflict

US Rwanda

Al-Qaeda Affiliate JNIM Claims 200 Soldiers Killed in A...

BRICS Entering Nigeria’s Agricultural Space

Minister Atiku
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Today in History

May 16th is the day in 1874 that a flood on the Mill River in Massachusetts destroys much of four villages and kills 139 people.

Exchange Rate Per Dollar

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GH Ghana Cedi12.4352
GM Gambian Dalasi72
GN Guinea Franc8,662.14
NG Nigerian Naira₦1,602.37
CF CFA Franc BEAC585.7538
16 May · CurrencyRate · USD
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