Energy

H1 2026: Oando posts N2.1trn revenue as profit hits N68.6bn

Oando Plc has recorded a 20 per cent increase in revenue to N2.1 trillion for the half-year ended June 30,…

1 month ago

Trump blasts ExxonMobil, Chevron over huge profits amid high fuel prices

United States President Donald Trump has accused ExxonMobil and Chevron of profiting excessively from rising fuel prices, urging the oil…

1 month ago

Oil prices rise over stalled US-Iran peace talks

Oil prices edged higher on Tuesday, August 4, 2026, recovering from losses recorded in the previous session as renewed uncertainty…

1 month ago

OPEC+ approves September output increase, completes rollback of voluntary oil cuts

The OPEC+ alliance has approved an increase in oil production quotas of about 188,000 barrels per day (bpd) from September,…

1 month ago

Oil prices tumble as Trump cancels attack on Iran to reach nuclear deal

Oil prices tumbled more than $4 a barrel on Monday, August 3, 2026, after United States President Donald Trump cancelled…

1 month ago

FG debunks power sector subsidy removal, assures Nigerians stable electricity

The Federal Government says it has not removed the subsidy on electricity in Nigeria, contrary to public speculation. The Minister…

2 months ago

Oil prices fall as supply improves despite stalled US-Iran talks

Oil prices fell on Friday, July 31, 2026, as more supplies flowed through crucial maritime chokepoints, ‌despite a lack of…

2 months ago

Oil price slips below $90 as investors weigh Gulf crude supply

Oil prices retreated on Thursday, July 30, 2026, after a sharp rally in the previous session, as traders assessed the…

2 months ago

Oil prices rise as US-Iran conflict escalates after Iraq strikes

Oil prices were up ​nearly $3 a barrel on Wednesday, July 29, 2026, after joint strikes in Iraq by the…

2 months ago

Axxela connects Sheraton, Radisson Blu, others to gas network to boost distribution

Axxela Limited, a leading gas and power company in sub-Saharan Africa, has successfully onboarded new customers to its vast natural…

2 months ago

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