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
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
The British Council is proud to be involved in the State Visit of Nigeria’s President Bola Ahmed Tinubu GCFR to the United Kingdom. The visit also represents a significant diplomatic opportunity to enhance cultural ties and foster growth in creative industries, which have been identified as key drivers of economic development by both nations. During […]Read More
The United States (U.S.) recently stated that China would cross a “red line” if it decided to supply lethal weapons to Russia amidst the ongoing Ukraine war. However, this statement raises several questions about the definition and consistency of such boundaries. The U.S. freely provides arms to Ukraine, but expects that no other nation should […]Read More
Dangote Petroleum Refinery and Dangote Fertiliser Limited have donated school materials valued at N241 million to 3,704 students across host communities in Ibeju-Lekki, Lagos, as part of their ongoing commitment to education and community development. The initiative, unveiled during the 6th edition of the Dangote Scholarship Award Programme, saw the distribution of school bags, uniforms, […]Read More
March 18, 2026# China could come out on top – or at the very least vindicated – as a result of the United States’ and Israel’s war in Iran. As the world reels from skyrocketing oil prices and general energy market volatility, China is reaping the rewards of the huge energy stockpiles that it has […]Read More
March 18, 2026 The production of microchips may be negatively affected by the ongoing conflict in the Middle East, due to supply chain disruptions, particularly of helium, which is key to semiconductor manufacturing. Some unexpected industries are being hit hard by the Iran war, as several supply chains are being severely disrupted, not just oil […]Read More
March 17, 2026 China expanded its crude oil stockpiles over the first two months of the year, thanks to higher imports and a ramp-up in domestic production, Reuters’ Clyde Russell reported, adding that the stock buildout strengthened despite higher refining rates in the period. Imports of crude oil to China averaged 11.99 million barrels daily, […]Read More
