January 05, 2026 As 2026 begins, energy markets are reacting less to supply outages than to how governments are choosing to act. The removal of Venezuela’s president, instability along the Red Sea, and rising uncertainty around Iran have altered assumptions about restraint, escalation, and control. This piece examines four locations where those changes are already […]Read More
Transgrid Enerco Limited has completed the acquisition of a 60% equity stake in Eko Electricity Distribution Plc (EKEDC), marking the first market-driven acquisition of a Nigerian electricity distribution company since the power sector privatisation. The transaction was finalised following the execution of all transaction and financing documents at a signing ceremony held in Lagos. EKEDC […]Read More
January 02, 2026 Despite the public spat between two of OPEC’s top producers, Saudi Arabia and the United Arab Emirates (UAE), the wider OPEC+ group is expected to confirm at a Sunday meeting that it would hold output steady through the first quarter of 2026, delegates from the alliance told Reuters on Friday. In recent days, OPEC’s […]Read More
January 03, 2026 US special operations forces seized Venezuelan President Nicolás Maduro and his wife, Cilia Flores, in a nighttime operation to bring him to the United States to face a 2020 narco-terrorism indictment. The removal of Maduro has immediately created a power vacuum in Venezuela, leading to massive market volatility in the energy sector […]Read More
January 2, 2026 Manufacturing stakeholders, including the Manufacturers Association of Nigeria and the Centre for the Promotion of Private Enterprise, have projected that the country’s manufacturing sector will record a real growth of 3.1 per cent in 2026, with its contribution to real Gross Domestic Product rising to 10.2 per cent, provided key policy reforms […]Read More
January 1, 2026 Fellow Compatriots, I welcome you all to 2026, with gratitude to God and confidence in our collective resolve that this new year will be a more prosperous one for our nation, our citizens, and all who call Nigeria home. During 2025, we sustained the momentum on our major reforms. We had a […]Read More
December 30, 2025 The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a build of 1.7 million barrels in the week ending December 26. Crude oil inventories rose by 2.4 million barrels in the week prior. Crude oil inventories in the United States are so far showing a net […]Read More
December 30, 2025 India is expected to import 1.1 million barrels oil per day (bpd) of Russian crude in December—volumes that would be sharply down from November and the lowest level in just over three years, as U.S. sanctions on Russia’s top oil producers spooked Indian refiners who scramble to source non-sanctioned Russian supply. The […]Read More
December 29, 2025 Chevron has unloaded Venezuelan crude oil at U.S. ports under its existing Treasury licence, according to a Bloomberg report on Monday, even as U.S. enforcement actions disrupt other Venezuelan export routes and tighten pressure on unauthorised shipments. Bloomberg did not disclose the number of cargoes involved or the timing of the deliveries. The arrivals […]Read More
December 25, 2025 Nigeria has solidified its position as Singapore’s leading trade partner in West Africa, as bilateral trade between the two countries surged by 85 percent to $7.47 billion in the first half of 2025. The development underscores Nigeria’s growing relevance in global trade networks, as well as Singapore’s deepening economic engagement with Africa’s […]Read More
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