Energy

Latest Energy News
Nigerian billionaire Theophilus “TY” Danjuma
EnergyBusiness

Billionaire T.Y Danjuma’s SAPETRO to buy 40% stake in TotalEnergies’ Nigerian oil block

SAPETRO OPL 257 deal gives billionaire T.Y. Danjuma a bigger stake in Nigeria's deepwater oil industry.

Timilehin Adejumobi Timilehin Adejumobi
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Lagos-based petroleum marketing company Conoil Plc
EnergyBusinessHot News

Conoil reports 262% profit surge on $208 million fuel sales in 9M 2026

Conoil Plc recorded a 262 percent surge in net profit to $3.95 million as fuel demand lifted nine-month revenue to $208 million.

Omokolade Ajayi Omokolade Ajayi
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Oryx Energies
BusinessEnergyHot NewsLatest

Oryx Energies set to sell Zambian business, marking 4th asset sale in 20 days

Oryx Energies has agreed to sell its Zambian downstream business to Horizon Energies, marking its fourth African asset sale in under 20 days.

Feyisayo Ajayi Feyisayo Ajayi
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Nigeria’s state-owned oil company, NNPC.
EnergyBusinessHot NewsMarkets

Following Aramco’s $1.7T playbook, Nigeria’s NNPC eyes 10% stake sale in IPO

NNPC plans a 10 percent stake sale as Bayo Ojulari pushes ahead with a landmark IPO and potential international listing.

Omokolade Ajayi Omokolade Ajayi
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Standard Bank
BusinessEnergy

Standard Bank, Mozambique oil and gas chamber sign deal to support local firms

Mozambique's LNG suppliers face financing gaps and payment delays as Standard Bank partners with the Oil and Gas Chamber to support local firms.

Oluwatosin Alao Oluwatosin Alao
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Sterling bank-proparco deal
BusinessBankingEnergy

Sterling Bank, Proparco sign $30 million deal to expand renewable energy and agricultural SMEs 

Sterling Bank secures $30 million from Proparco to finance renewable energy projects and agricultural businesses across Nigeria.

Timilehin Adejumobi Timilehin Adejumobi
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Solar panels
EnergyHot News

Kenyan solar boom hits record as big players squeeze small startups

Kenya's off-grid solar sales reached record highs, but big players now dominate funding, leaving smaller clean energy startups starved of capital.

Omokolade Ajayi Omokolade Ajayi
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EnergyBusinessHot News

Aradel posts $31 million 9M 2026 profit as Renaissance charge weighs on earnings

Aradel’s nine-month profit fell 82 percent to $31.4 million as a $383.61 million Renaissance earnout charge weighed on earnings despite revenue growth.

Omokolade Ajayi Omokolade Ajayi
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Ghana Russia power plant deal
EnergyBusiness

Ghana turns to Russia for 2,000-MW nuclear power project

Ghana nuclear power project gains Russian backing for a proposed 2,000-MW plant to strengthen energy security and support industrial growth.

Timilehin Adejumobi Timilehin Adejumobi
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