Foreign investors retreat as Nigeria’s external accounts flip to deficit pressure in 2025
*BoP drops to $4.23bn as FPI slumps 48%
Nigeria’s external sector is showing signs of structural strain as capital flow dynamics shift, with a steep drop in foreign portfolio investment (FPI) and rising external outflows reshaping!-->!-->!-->!-->!-->…
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Reps warn of imminent petrol scarcity, price hike
A file photo: Ikenga Ugochinyere
The House of Representatives Committee on Petroleum Resources (Downstream) has raised fresh concerns over a potential return of fuel scarcity across Nigeria, warning that petrol queues and a spike in!-->!-->!-->…
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Oil prices surge after Israeli strike on Iran’s South Pars gasfield
*There are fears that a period of elevated oil and gas prices could trigger a damaging wave of global inflation
Oil prices have risen more than 5 per cent following an Israeli strike on Iran’s South Pars gasfield as the United!-->!-->!-->!-->!-->…
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Recent Fuel Price Hike and the Suffering of Nigerians
Fuel Subsidy
In most cases, the impact has been negative, as higher fuel costs disrupt the production and distribution of goods and services across the country.
Nigeria is currently experiencing another surge in fuel prices, which!-->!-->!-->!-->!-->…
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Mozambique Oil Industry Withdraws from London Africa Energies Summit
Home to come of the continent’s largest gas discoveries, Mozambique is emerging as an increasingly more prominent voice on the global gas stage.
Mozambique’s oil and gas industry has announced that it will withdraw from!-->!-->!-->!-->!-->…
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Oil prices bounce back 3% as Iran war halts supply
Oil prices rose around 3% on Tuesday, clawing back some of the previous session’s losses on renewed supply fears, with the Strait of Hormuz largely shut and U.S. allies rejecting calls to deploy warships to escort tankers through the!-->!-->!-->…
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Renaissance Africa highest gas producer in Nigeria in December – NNPC
Renaissance Africa Energy remains Nigeria’s highest gas producer, churning out 62.341 billion SCF, BSCF, of gas in one month (December 2025), according to the Nigerian National Petrleum Company, NNPC..
The company is followed by!-->!-->!-->!-->!-->…
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NUPRC Shortlists Firms for Nigeria’s Oil Block Licensing Auction
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that it has shortlisted oil firms for Nigeria’s 2025 oil and gas licensing round after the completion of the pre-qualification process.
In a Tuesday!-->!-->!-->!-->!-->…
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Shell Restarts Bonga Field After Turnaround Maintenance
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has completed the turnaround maintenance on the Bonga Floating Production, Storage and Offloading (FPSO) vessel, leading to resumption of production at Nigeria’s premier!-->!-->!-->…
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CBN Moves to Shield Naira as War-Driven Volatility Hits Global Markets
The Central Bank of Nigeria (CBN) has signaled its readiness to intervene in the foreign exchange market to defend the naira if global market volatility triggered by escalating geopolitical tensions begins to pressure Nigeria’s!-->!-->!-->…
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