• February 16, 2026
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NIMASA, NUPRC Collaborate to Remove Operational Hurdles, Boost Investor Confidence

NIMASA, NUPRC Collaborate to Remove Operational Hurdles, Boost Investor Confidence

February 16, 2026

The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have reinforced their dedication to enhancing Nigeria’s investment landscape through improved inter-agency collaboration. This commitment was the central focus of discussions during a working visit by Dr. Dayo Mobereola, Director-General of NIMASA, to the NUPRC’s corporate headquarters in Abuja, […]Read More

India’s Top Private Refiner Gets U.S. License to Buy Venezuelan Oil

India’s Top Private Refiner Gets U.S. License to Buy Venezuelan

February 14, 2026

Feb 13, 2026 India’s largest private refiner, Reliance Industries, has been authorized by the United States to buy, export, and sell Venezuelan crude oil, Reuters reported on Friday, citing sources with knowledge of the situation.  Reliance last month applied with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) for a general license to be […]Read More

Dangote Salt threw big celebration for 50 top customers and distributors

Dangote Salt threw big celebration for 50 top customers and

February 14, 2026

…Gives out trucks and cash credits as a thank-you. The 2025 Customers Dinner and Awards Night took place Thursday in Abuja, drawing in some big names—Africa’s top industrialist and Dangote Group President, Aliko Dangote, and Vice President Olakunle Alake showed up to personally honour the winners. NASCON Allied Industries Plc, better known as Dangote Salt, […]Read More

India Explores Gas Power Boost to Stabilize Grid During Peak Hours

India Explores Gas Power Boost to Stabilize Grid During Peak

February 13, 2026

February 13, 202 India considers boosting the run rates of its gas-fired power plants during evening peak hours to support the grid amid the surge in renewable power generation, India’s Power Secretary Pankaj Agarwal said on Friday.   “For the last three years we have been studying whether gas plants can run for eight hours in […]Read More

Global electricity demand to rise at an average annual rate of 3.6% between 2026 and 2030

Global electricity demand to rise at an average annual rate

February 13, 2026

According to the latest report from the International Energy Agency(IEA). The global electricity demand is growing at a record rate and projected to grow at an average annual rate of 3.6 per cent between 2026 and 2030. The report attributes this growth to rapid industrialization, the increasing adoption of electric vehicles, rising air conditioning needs, […]Read More

AU Summit: Nigeria Secures Major Wins, Gets Permanent Seat on

February 13, 2026

February 13, 2026 During the just-concluded 39th Session of the Executive Council of the African Union, Nigeria recorded significant diplomatic and institutional achievements, consolidating its leadership role in advancing Africa’s economic integration, peace, security, and democratic governance. A major highlight of the session was the Council’s agreement to grant Nigeria a permanent seat on the […]Read More

REA Brings 1MW of Clean Energy to Rubochi and Ikwa Communities Through Korean Initiative

REA Brings 1MW of Clean Energy to Rubochi and Ikwa

February 13, 2026

The Rural Electrification Agency (REA), in collaboration with the Government of the Republic of Korea, has officially launched a clean energy infrastructure featuring a combined capacity of 1MW for two communities as part of the Korean Energy Project (KEP). This initiative includes a 900 kWp solar hybrid facility in Rubochi and a 100 kWp system […]Read More

OPEC+ Oil Production Falls by 439,9000 Bpd

OPEC+ Oil Production Falls by 439,9000 Bpd

February 12, 2026

February 12, 2026 Crude oil production from the OPEC+ alliance slumped by as much as 439,000 barrels per day in January compared to December as a major supply disruption in Kazakhstan added to lower output from Iran and Venezuela, OPEC data showed in its Monthly Oil Market Report (MOMR).  Total OPEC+ crude oil production averaged […]Read More

European Union Industry Chiefs Demand Lower Energy Prices

European Union Industry Chiefs Demand Lower Energy Prices

February 12, 2026

February 12, 2026 Hundreds of business executives from European companies have demanded that the European Union authorities take steps to lower energy prices, warning that failure to act would cause an investment outflow and further harm European companies’ competitiveness. “EU electricity prices in Europe still remain higher inside Europe than in competing countries. Carbon costs […]Read More

IEA Slashes Oil Demand Growth Forecast For 2026

IEA Slashes Oil Demand Growth Forecast For 2026

February 12, 2026

February 12, 2026 Global oil demand is expected to rise by 850,000 barrels per day this year, the International Energy Agency (IEA) said on Thursday as it cut its growth estimate from 930,000 bpd expected last month.    All the 850,000 bpd growth this year is poised to come from developing economies, with China leading […]Read More

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