Noble Energy EG Ltd. (a Chevron company) with its co-venturers, and the government of Equatorial Guinea have signed agreements for the Aseng Gas Monetization Project. The execution of the agreements is subject to relevant approvals and is a critical milestone towards the approval and implementation of the project, a statement has said. Speaking on the […]Read More
India, the world’s third-largest importer of crude oil, is showing little enthusiasm for resuming purchases of Iranian crude, even after the United States issued a temporary waiver easing sanctions. According to sources familiar with the matter, Indian state refiners are hesitating due to ongoing concerns about shipping logistics, insurance coverage, and payment mechanisms, Bloomberg reported […]Read More
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
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
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