February 17, 2026 Once-dominant energy giant BP is running on empty as it curbs shareholder payouts and unveils fresh attempts to bolster its balance sheet. The London-based oil baron announced in its final results on Tuesday that it has suspended its share buyback programme and increased its cost-cutting goal as it looks to reverse its […]Read More
February 17, 2026 President Tinubu said he joined the rest of the world and the people of the United States of America to mourn the passing of civil rights icon and renowned Baptist preacher, Reverend Jesse Jackson, who passed away this morning at the age of 84. According to him, Reverend Jackson was a servant-leader […]Read More
February 17, 2026 President Bola Ahmed Tinubu, Tuesday, unveiled Nigeria Industrial Policy 2025 with a charge to relevant ministries, departments and agencies (MDAs) of government to ensure speedy implementation. According to him, the policy, which is a roadmap for re-engineering Nigeria’s industrial base, unlocking value across sectors, and placing production, competitiveness, and jobs at the […]Read More
February 17, 2026 The Vice President, Senator Kashim Shettima, has implored stakeholders, including financial institutions, government agencies, and the private sector, to expand their scope of support for Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. Emphasizing their critical role in economic growth, job creation, and poverty reduction, he urged them to leverage technology to […]Read More
Dangote Group has finalized a $400 million construction equipment deal with XCMG Construction Machinery Co., Ltd., a leading Chinese manufacturer of construction machinery, aimed at expediting the expansion of the Dangote Petroleum Refinery & Petrochemicals. This initiative seeks to increase refining capacity from 650,000 barrels per day to an impressive 1.4 million barrels per day. […]Read More
February 16, 2026 President Bola Ahmed Tinubu has commended the signing of a strategic Memorandum of Understanding between Nigeria’s BUA Group and UAE-based AD Ports Group and MAIR Group in Abu Dhabi. He described the MoU as a significant industrial and trade breakthrough arising from renewed Nigeria–UAE engagement under his administration. The President said the […]Read More
February 16, 2026 The Federal Government (FG) has donated the sum of N5 billion as intervention fund for traders affected by the fire outbreak that razed large sections of the popular Singer Market in Kano. This is just as state governors on the platform of the All Progressives Congress (APC), under the aegis of the […]Read More
February 16, 2026 Near-term demand for Saudi Arabia’s oil in China is soaring after the Kingdom early this month slashed its official selling prices (OSPs) for Asia to the lowest level versus regional benchmarks in more than five years. In early February, Saudi Aramco cut the OSP of its flagship Arab Light for March loadings […]Read More
At the 20th Nigeria Oil and Gas Industry Games (NOGIG), which concluded Saturday in Abuja,NLNG was voted Overall Champion and Best Sports Company after a dominant demonstration of physical prowess and teamwork. Nigerian National Petroleum Company Limited (NNPCL), the reigning champion, finished second with 49 medals (14 gold, 15 silver, and 20 bronze), while Team […]Read More
February 16, 2026 China’s oil imports from Russia are projected to reach an unprecedented level of over 2 million barrels per day in February, as India reduces its spot purchases from Russia, leading to significant discounts for Chinese independent refiners. China is expected to import between 2.07 and 2.08 million barrels per day (bpd) of […]Read More
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