Oil & Gas

Nigeria’s oil pipelines are often called the veins of the nation’s economy, but for many years, those veins have been leaking. In recent times, the plan to protect them has moved away from only military action to a controversial, multi-billion naira private security system. As the federal government keeps spending…

Aliko Dangote is widening the reach of his industrial empire as the Dangote Refinery moves into petrochemicals, targeting a major market Nigeria still depends on imports to supply. The company plans to produce raw materials used in detergents, cleaning products, plastics and other consumer goods, adding another layer to its…

Diesel prices across Africa in April 2026 show a stark contrast between oil-rich nations with substantial subsidies and countries vulnerable to global market fluctuations. The latest data reveals a clear divide, with some countries offering prices well below the global average of about $1.60 per liter. The ten cheapest markets…

Nigeria’s aviation sector is facing fresh uncertainty as domestic airlines say they may suspend operations from April 20, 2026, over the soaring cost of aviation fuel and what they describe as unfair pricing by fuel marketers. The planned shutdown was reportedly communicated in a letter dated April 14 by the…

On Monday, April 13, crude oil prices jumped over 7%, pushing Brent crude back above $100 per barrel. This increase stemmed from rising geopolitical tensions and market responses to reports of instability in maritime activities in the Middle East, particularly near the crucial Strait of Hormuz. Market checks from Nairametrics…