August 26, 2025 *Air Peace to operate direct flight from Lagos to São Paulo President Bola Tinubu on Monday welcomed Petrobras’s imminent return to Nigeria, five years after Brazil’s state-owned oil company halted its joint venture operations. At a joint press conference in Brasília during his State Visit to Brazil, President Tinubu said Petrobras’ return […]Read More
For oil traders, the weakening dollar is a double-edged sword. August 24, 2025 The U.S. dollar edged higher in early Asian trading on Monday, attempting to recover from a four-week low against the euro after Federal Reserve Chair Jerome Powell signaled a potential pivot toward rate cuts. The greenback gained 0.2% to $1.1699 per euro, […]Read More
Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, and officials of the Japan Organization for Metals and Energy Security (JOGMEC) have pledged to work out plans to encourage Japanese mining companies to invest in Nigeria’s mining sector. The milestone is a key takeaway from deliberations between both parties last Thursday in Yokohama, venue of […]Read More
August 22, 2025 The trending social media narrative about an empty booth labelled ‘NIGERIA’ at the ongoing 9th Tokyo International Conference for African Development (TICAD9) in Yokohama, Japan, totally misrepresented our country’s mission and activities at the conference. While we understand the urge by many social media users to seek clicks with many incorrect posts, […]Read More
The planned expansion of Dangote Petroleum Refinery by 7.7 per cent to 700,000 barrels per day, bpd, from the current 650,000 bpd, would further increase its dominance of the African market while reducing the market shares of foreign refineries. Dangote Refinery to reduce Market shares of foreign refiners by expansion from 650,000bpd to 700,000bpd However, […]Read More
India is launching a national deepwater oil and gas exploration mission to tap more of its energy resources, boost domestic energy supply, and reduce dependence on imports, Prime Minister Narendra Modi said on Friday. “India will harness its deepwater energy resources, strengthening energy self-reliance and reducing dependence on foreign fuel imports,” Modi said in his address on […]Read More
August 14, 2025 Major data center operator Equinix has announced a series of agreements to secure advanced nuclear electricity, including power purchase agreements and a pre-order for microreactors, to fuel its data centers. The move comes as the growing energy demands of data centers, driven by technologies like generative artificial intelligence (AI), raise concerns about global power […]Read More
August 08, 2025 Continued weaker demand for hybrid vehicles slowed the growth in China’s new energy vehicles to 12% in July from nearly 20% in June, according to official Chinese data published on Friday. Overall Chinese car sales also saw weaker growth last month, as the government is trying to tackle the overcapacity in the […]Read More
—-New law consolidates outdated regulations, introduces stricter oversight, and boosts investor confidence President Bola Tinubu has signed into law the Nigerian Insurance Industry Reform Bill, 2025, a legislation aimed at transforming the financial sector and propelling Nigeria closer to its $1 trillion economy ambition. Specifically, the new law, now known as the Nigerian Insurance Industry […]Read More
August 3, 2025 Namibia is fast emerging as one of Africa’s most exciting oil and gas frontiers. With a string of recent offshore discoveries, the country has attracted growing global attention and investment interest. The momentum is real, and with several IOCs already advancing their exploration and appraisal efforts, Namibia now stands at a critical […]Read More
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