Nigeria's President Bola Tinubu has dismissed the board of the Nigerian National Petroleum Company, including CEO Mele Kyari, to enhance operational efficiency and investor confidence.
Nigeria's oil market is experiencing a contradictory trend, with fuel prices increasing despite a drop in global crude oil costs, sparking concerns over the country's oil market dynamics.
Discover the top 10 African countries consuming the most natural gas in 2025, and learn how increased usage can transform the continent's energy industry and economy.
Nigeria reinstates crude-for-naira initiative to support local oil-refining sector, conserve foreign reserves, and stabilize energy production.
President Trump signs executive order promoting coal-powered AI data centers, contradicting tech industry's green energy push and sparking concerns over environmental impact
Angola's state-owned oil company, Sonangol, is seeking funding for a $4.8 billion shortfall in its planned Lobito refinery, which aims to process 200,000 barrels of crude oil per day and reduce the country's dependence on imported refined petroleum products.
Dangote Refinery reduces ex-depot price of petrol to N865 per litre, a N15 decrease, following the reinstatement of the Federal Government's naira-for-crude policy.
Despite vast reserves, many African countries struggle with low natural gas consumption, hindering economic growth and energy security. Here are the top 10 countries with the lowest consumption in 2025.
Nigeria's crude production fell in March due to global crude price drop, despite being the largest oil producer in Africa for the last two months.
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