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Latest:
  • Access Bank’s Fintech Hydrogen Posts Lower Annual Profit of N1.65 Billion
  • Profit at Access Bank’s Parent Rises 15% to N743 Billion
  • Geregu Power’s Q1 Profit Plunges 80% After Otedola’s Exit
  • Tinubu Splits Energy Advisory Role, Hires Ex-Power Minister Babalola, Moves Verheijen to Oil and Gas
  • PROFILE: Joseph Tegbe, Ex-KPMG Chief Who Lost Governorship and Senate Bids, Tapped as Power Minister
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Energy

Energy FEATURED Latest TOP STORIES 

Manufacturers’ Alternative Power Spend Tops N1trn on Grid Collapse, Pricey Fuel

April 21, 2025 Markets Reporters 0 Comments Alternative energy sources, National grid collapse

Manufacturers in Nigeria spent 42.2 percent more on alternative energy sources last year amid unreliable grid power and increases in

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Energy FEATURED Latest TOP STORIES 

Nigeria’s Sahara Signs Deal to Buy LNG From Mexico for 20 Years

April 16, 2025April 16, 2025 Markets Reporters 0 Comments Amigo LNG, Sahara Group

Sahara Group, an African energy and infrastructure conglomerate, has signed a 20-year LNG sale and purchase agreement with Amigo LNG

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Energy FEATURED Latest TOP STORIES 

Nigeria’s Oil Production Plunges to Five-Month Low Amid Rivers Crisis

April 14, 2025April 14, 2025 Markets Reporters 0 Comments Nigeria oil production

Nigeria’s crude oil production fell in March for the second straight month to its lowest since October last year, according

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Energy FEATURED Latest TOP STORIES 

NGA Set to Spotlight Nigeria’s Gas Sector Progress at WGC 2025

April 12, 2025April 13, 2025 Markets Reporters 0 Comments Akachukwu Nwokedi, Nigerian Gas Association, World Gas Association

The Nigerian Gas Association (NGA) is poised to spotlight Nigeria’s gas sector progress and opportunities at the World Gas Conference

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Energy FEATURED Latest TOP STORIES 

Otedola’s Geregu Power Posts 28% Drop in Quarterly Profit

April 12, 2025April 12, 2025 Markets Reporters 0 Comments Geregu Power

Geregu Power, chaired by billionaire Femi Otedola, posted a profit after tax of N10.43 billion in the first three months

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Energy FEATURED Latest TOP STORIES 

Blackout Worsens in Nigeria as 13 Power Plants Shut Down

April 8, 2025April 9, 2025 Markets Reporters 0 Comments Blackout in Nigeria, National grid

by Lydia Oluremi Many parts of Nigeria have been plunged into blackout following the shutdown of most of the plants

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Energy FEATURED Latest TOP STORIES 

TotalEnergies’ Nigeria Downstream Unit Boosts Dividend by 60%

April 4, 2025April 4, 2025 Markets Reporters 0 Comments Jean-Phillipe Torres, TotalEnergies Marketing Nigeria

The board of TotalEnergies Marketing Nigeria, a fuel marketing company, has proposed a dividend payment of N13.6 billion to shareholders

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Energy FEATURED Latest TOP STORIES 

Oando’s $783m NAOC Acquisition Wins Continental Recognition

April 3, 2025April 3, 2025 Markets Reporters 0 Comments 2025 IFLR Africa Awards, NAOC acquisition, Oando

Oando’s acquisition of Nigerian Agip Oil Company (NAOC) from Italian energy company Eni has won the ‘Domestic Impact Deal of

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Energy FEATURED Latest TOP STORIES 

NNPC Says Kyari Left ‘Indelible Impact’, Welcomes New Boss Ojulari

April 2, 2025April 2, 2025 Markets Reporters 0 Comments Bayo Ojulari, Mele Kyari

The management and staff of Nigerian National Petroleum Company Limited (NNPC) have welcomed the appointment of a new Group Chief

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Energy FEATURED Latest TOP STORIES 

Tinubu Sacks NNPC Boss Kyari, Picks ex-Shell Executive Ojulari as Successor

April 2, 2025April 2, 2025 Markets Reporters 0 Comments Bayo Ojulari, Mele Kyari

President Bola Ahmed Tinubu has approved the reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman,

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