Backbone infrastructure Limited (BINL) has announced that it has secured $50bn funding for a 500,000bpd refinery in Ondo ...

Here is how things stand on Wednesday, November 5: Russian and Ukrainian troops have fought battles in the ruins of Pokrovsk, ...

The federal government has announced that it is expecting about $20 billion investments in Nigeria's upstream petroleum industry by 2029 in a bid to boost crude oil and gas production in the country.

Paris, 04 November 2025, 5:45pm Solid Q3 2025 performance, driven by higher volumes and margins across core energy distribution activities, amid lower oil prices.Strong operational execution more than ...

Column - I have chosen the provocative title of this piece deliberately knowing that some of the more patriotic elements among us in Nigeria would scream that it is impossible, because Nigeria is a ...

Global commodity trading giants Glencore, Vitol, and Trafigura have invested billions to dominate South Africa’s fuel retail ...

Replacing Russian, discounted crude, with market-priced crude from other countries will adversely impact the gross refining ...

The black goop that comes out of the ground has a long journey to the petrol pump. How does it get to us – and what affects ...

Russian oil major Lukoil is struggling to keep operations running at its sprawling foreign businesses as Western sanctions ...

From an operational standpoint, the Energy Distribution business delivered strong growth in both volumes and unit margins across all products. Volumes were up 6%, with overall unit margin increasing ...

Donald Trump's threat to send US forces into Nigeria over alleged Christian killings has triggered diplomatic tension and renewed debate on religious violence and American aid.