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Henry Williams

Nigeria facing unprecedented budget deficit, surging inflation says EIU

Analysts at the Economist Intelligence Unit, EIU say Nigeria’s fiscal situation will worsen considerably this year under the weight of soaring energy prices which...

Aviation fuel: NNPC, others set to operate transparent basis of pricing

The Nigeria National Petroleum Corporation (NNPC) Ltd has brokered an interim agreement between oil marketers and Airline operators to start a transparent basis pricing...

Shell, Eni SpA declare force majeure on Nigeria oil shipment

Shell Plc and Eni SpA have both declared force majeure on critical Nigerian oil shipments, threatening to disrupt supplies in a market already concerned...

Shell’s assets sale faces N800bn legal hurdle

Energy giant, Shell plc which has planned to divest its shallow water and onshore assets in Nigeria may face new hurdles as a judge...

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31 States Spend ₦45bn on Fuel in Six Months: Analysis

Thirty-one Nigerian state governments spent a combined ₦45.04 billion on fuel for official vehicles, plants and electricity generators during the first six months of 2026. The expenditure represents a 14.35 per cent increase from the ₦39.38 billion recorded by the same states during the corresponding period in 2025. The...

Nigeria Lost 3.33M Barrels to Oil Theft in 2025: NUPRC

Nigeria lost approximately 3.33 million barrels of crude oil to theft in 2025, according to figures released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The commission’s annual report, released on Thursday, November 5, 2026, revealed that nearly two-thirds of the reported losses occurred during the final quarter...

How Zambia’s $1.2bn Power Line To Tanzania Transform Will Regional Electricity Trade?

Zambia expects its $1.2bn electricity interconnector linking Tanzania and Kenya to begin operations in 2029, boosting regional power trade by up to 500MW. Zambia expects a major electricity transmission project connecting the country to Tanzania and Kenya to become operational in 2029, a development expected to strengthen regional...