Posts

Ethiopia: Addis Abeba Trade Bureau Targets Fuel Stations Causing ‘Unnecessary Queues,’ Warns of Legal Action for Noncompliance/in /by
[Addis Standard] Addis Abeba -- The Addis Abeba Trade Bureau has issued a warning that it will take action against fuel stations responsible for creating unnecessary queues, following the recently approved proclamation by the parliament with the aim of regulating the petroleum products trade system.
Nigeria: Closing 2024 At 160.01 Percent, Oil & Gas Leads Others As Best Performing Stocks On Nigerian Exchange/in /by
[This Day] As the Nigerian stock market closed the 2024 financial year with a gain of 37.65 per cent on investors' return, the stocks of the oil and gas sector emerged as the best-performing index on the Exchange, an analysis of the market performance for the year under review has revealed.
Nigeria: Opec Quota Eludes Nigeria Amid Rising Oil Output/in /by
[Vanguard] Nigeria's daily average oil production rose by 7.38 percent year-on-year in December 2024 to 1.667 million barrels per day, bpd from 1.552 million bpd, including condensate, recorded over the corresponding period in 2023.
Nigeria: Why Freezing Order Against My Accounts Is Abuse of Court Process – Nduka Obaigbena/in /by
[Premium Times] First Bank had obtained a court order restraining banks in Nigeria from dealing in all monies and assets due to Mr Obaigbena.
Nigeria: Court Blocks Nduka Obaigbena’s Accounts Over $225.8 Million First Bank Debt/in /by
[Premium Times] The court forbids all banks from dealing in all monies and assets belonging to Mr Obaigbena and General Hydrocarbons Limited.
Nigeria: Nigeria Ranks 6th African Country With Cheap Fuel Prices/in /by
[Leadership] Fuel prices across Africa in 2025 reflect a diverse energy environment influenced by local production, subsidies, and imports.
Southern Africa: Blow to Namibia – Shell to Write Down $400 Million On Oil Discovery/in /by
[Namibian] Shell will write down around $400 million over an oil discovery offshore Namibia it deemed commercially unviable.
Nigeria: As We Ramp Up Petrol Supply, We Must Address Infrastructure Deficit/in /by
[Daily Trust] Nigeria in December 2024 broke an age-long jinx of perennial end-of-year shortage of petroleum products. It had become an albatross that hung on the nation over decades, usually destabilising economic and social activities. Long queues at petrol stations marked the shortage, while a few meters away hawkers made brisk business selling the very product for which motorists languished under the sun.
South Sudan: South Sudan Announces Plan to Resume Oil Production/in /by
[VOA] Juba -- South Sudan announced early this week its plan to produce at least 90,000 barrels of crude oil per day as the country resumes normal production. This comes after oil supply to international markets were cut off last February because of the ongoing conflict in Sudan.
Senegal: Senegal Produced 2.96m Barrels of Crude Oil in Dec 2024/in /by
[The Point] Since the end of December, the Sangomar Oil Field has been operating at full capacity.