• February 12, 2026
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Egbin Power Launches Tech Empowerment Programme to Upskill Community Youth

Egbin Power Launches Tech Empowerment Programme to Upskill Community Youth

February 10, 2026

Egbin Power Plc has launched a tech-based empowerment programme to equip young people from its host communities of Egbin, Ijede and Ipakan with digital skills. The initiative, part of the company’s Personal Corporate Social Responsibility (PCSR) efforts, is designed to improve employability, encourage entrepreneurship and expand access to opportunities in the digital economy. Chief Executive […]Read More

India Pulls Back From Russian Oil as U.S. Trade Deal Nears

India Pulls Back From Russian Oil as U.S. Trade Deal

February 10, 2026

February 09, 2026 Indian refiners are still avoiding Russian oil as deals for delivery in April begin to be made, Reuters has reported, citing unnamed sources from the refining industry as well as traders. According to the report, the avoidance comes in anticipation of the trade deal between New Delhi and Washington, scheduled to be […]Read More

China Steps In as India Wavers in Russia’s Oil Trade

China Steps In as India Wavers in Russia’s Oil Trade

February 10, 2026

February 06 2026 Russia’s seaborne crude exports hit a record 1.86 million b/d to China in January 2026, up 46% year-on-year, just as Washington ratchets up pressure on India. Moscow overtook Saudi Arabia as China’s top supplier, shipping 56% more crude than Riyadh in January, with 100% of ESPO exports heading east for the first […]Read More

Why U.S. is Scrambling for Central Asian Critical Minerals

Why U.S. is Scrambling for Central Asian Critical Minerals

February 10, 2026

February 09, 2026 A US-Central Asia business forum highlighted a significant, US government-backed $1.1 billion deal for California-based Cove Capital to develop two tungsten deposits in Kazakhstan, representing the first major American venture into the region’s critical minerals sector. The deal is intended to challenge China’s control of over 80 percent of the world tungsten […]Read More

Shell’s Oil Reserves Have Dropped To Lowest Levels Since 2013

Shell’s Oil Reserves Have Dropped To Lowest Levels Since 2013

February 10, 2026

February 09, 2026 British Oil and Gas giant Shell Plc needs an exploration breakthrough or a big merger after its oil reserves fell to the lowest levels since 2013, exposing the company to a production shortfall in less than a decade. Shell’s so-called ‘reserve life’–denoting how long its proven reserves can sustain production at current […]Read More

Oil Industry Contracting: NCDMB Issues NCEC Guidance Notes, Rules Out Transfer of Certificate

Oil Industry Contracting: NCDMB Issues NCEC Guidance Notes, Rules Out

February 8, 2026

February 2, 2026 Determined to speed up the oil and gas industry contracting processes, weed out firms lacking technical capacity to perform and reduce Nigeria’s cost of production, the Nigerian ContentDevelopment and Monitoring Board has issued the “NCEC Application Guidance Notes”, with effect from December 2025. The document which is available on the Board’s website […]Read More

India’s Imports of Russian Oil Dropped Sharply in December

India’s Imports of Russian Oil Dropped Sharply in December

February 7, 2026

February 06, 2026 Russian oil exports to India fell to less than 25% of the country’s total imports in December, from 34% in November, hitting the lowest in 38 months, The Hindu reported, citing data from the Indian Ministry of Commerce and Industry. Russian oil purchases in December were worth $2.71 billion, down from $3.72 […]Read More

TotalEnergies Pushes Deeper Into Namibia’s Offshore Oil Boom

February 6, 2026

February 06, 2026 TotalEnergies is expanding its exploration portfolio offshore Namibia with acreage north of a block where a major oil discovery has been made, as the supermajor looks to boost activity in the new global exploration hotspot. TotalEnergies on Friday announced it had signed agreements to buy a 42.5% operated interest in the PEL104 […]Read More

Chevron Stays in the Hunt for Lukoil’s International Assets

Chevron Stays in the Hunt for Lukoil’s International Assets

February 6, 2026

February 06, 2026 A consortium comprising Chevron and a group led by an investment bank continues negotiations with Lukoil and U.S. officials to buy the Russian firm’s international assets, even as Lukoil has signed a preliminary non-exclusive deal with Carlyle, multiple sources with knowledge of the ongoing talks tell Reuters.  Last week, Lukoil announced it […]Read More

NIGERIA TAPS INTO $7.7TRN GLOBAL HALAL MARKET AS FG LAUNCHES

February 5, 2026

February 5, 2026 Says it’ll unlock $12bn economic value for Nigeria, position the nation as halal-friendly tourism destination. Minister of Industry, Trade and Investment to Chair Strategy Committee. President Bola Ahmed Tinubu, GCFR, represented by Vice President, Senator Kashim Shettima, has launched Nigeria’s National Halal Economy Strategy aimed at positioning the country to tap into […]Read More

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