March 24, 2026 Kaja Kallas, the High Representative of the European Union for Foreign Affairs and Security Policy, on Monday met with President Bola Tinubu, assuring him of stronger ties in security and trade despite global economic volatility. The meeting was held at the President’s Lagos home. The National Security Adviser (NSA), Malam Nuhu Ribadu […]Read More
March 23, 2026 Worldwide LNG exports have plunged in the past week to a six-month low as Middle Eastern supply collapsed with the de facto closed Strait of Hormuz and the outage at the world’s biggest LNG complex in Qatar. Global LNG shipments have plunged to about 1.1 million tons over the 10-day moving average, […]Read More
The Nigerian Electricity Regulatory Commission (NERC) has formally approved the appointment of Ms. Sherifat Adegbenro as the Acting Chief Executive Officer of Eko Electricity Distribution Company (EKEDC). In a statement issued on Monday and the Commission said the confirmation aligns with the Code of Corporate Governance for the Nigerian Electricity Supply Industry. It added that […]Read More
Nigeria, Dangote’s refinery is currently being flooded with inquiries as African governments scramble to secure fuel supplies after the Iran war disrupted flows. Dangote Petroleum Refinery and Petrochemicals has been approached by South Africa and other governments in the region, as well as from countries outside the continent, a company executive said in a text […]Read More
The Nigeria Employers’ Consultative Association (NECA) has raised concerns over the impact of surging global oil prices on Nigeria, highlighting a resultant rise in energy costs that is affecting both businesses and households. Reacting to the ongoing tensions in the Middle East and their ripple effects on global oil markets, NECA’s Director-General, Mr. Adewale-Smatt Oyerinde, […]Read More
March 23, 2026 Brent crude is seen averaging $85 per barrel this year, and West Texas Intermediate could see an average price of $79, Goldman Sachs commodity analysts said in a note released Sunday. They added that the supply loss from the crisis is going to peak at 17 million barrels daily. The price update […]Read More
March 23, 2026 Saudi Arabia is slashing its crude oil exports to Asia in April, for a second month in a row, as the de facto closed Strait of Hormuz is stranding most of the supply from the world’s top crude exporter. Saudi oil giant Aramco has notified customers of term supply in Asia that […]Read More
The Ministry of Petroleum Resources has initiated discussions with the Public Service Institute of Nigeria (PSIN) to strengthen collaboration on capacity building and human resource development. This development was brought to the fore during a courtesy visit by a delegation from the Public Service Institute of Nigeria (PSIN) to the Ministry of Petroleum Resources on […]Read More
The Rural Electrification Agency (REA) has achieved another significant milestone in its mission to close the energy gap in unserved and underserved communities with the successful disbursement of ₦3.2 billion to Zanoplus. This capital injection is earmarked for the rapid deployment of solar mini-grid projects across strategic locations in Bauchi State, marking a robust continuation […]Read More
…Demands total reform The Nigeria Labour Congress (NLC) has rejected the proposed ₦6 trillion bailout for power generation companies, emphasizing that public funds should not be utilized to support what it described as a “cartel of failed investors.“ The union also urged the Federal Government to consolidate the Ministries of Power and Petroleum into a […]Read More
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