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• NNPC Achieves Major Gas Milestone with Completion of Technically Challenging OB3 River Niger Pipeline Crossing

  Published: Apr 30, 2026

  Section: Africa

  The Nigerian National Petroleum Company Limited has successfully completed the River Niger crossing for the 130-kilometer Obiafu-Obrikom-Oben (OB3) gas pipeline. Using advanced hor...

• Federal Government Incurs 418 Billion Naira Power Subsidy As Market Reforms Deepen

  Published: Apr 15, 2026

  Section: Africa

  The Nigerian government recorded a 418.79 billion Naira electricity subsidy obligation for the fourth quarter of 2025, marking an 8.71% reduction from the previous quarter. Data fr...

• Bonny Light Crude Prices Plunge 14% As Trump Announces Iran Ceasefire And U.S. Lifts Oil Sanctions

  Published: Apr 9, 2026

  Section: Africa

  Nigeria’s Bonny Light crude oil price dropped sharply to $94.41 per barrel following a significant de-escalation in Middle East tensions. The decline was triggered by a ceasefire a...