February 19, 2026 President Bola Tinubu has issued an executive order to safeguard and enhance oil and gas revenues for the Federation, curb wasteful spending, eliminate duplicative structures in this critical sector of the national economy, and redirect resources for the benefit of the Nigerian people. The President signed the EO in pursuance of Section […]Read More
February 17, 2026 President Bola Ahmed Tinubu, Tuesday, unveiled Nigeria Industrial Policy 2025 with a charge to relevant ministries, departments and agencies (MDAs) of government to ensure speedy implementation. According to him, the policy, which is a roadmap for re-engineering Nigeria’s industrial base, unlocking value across sectors, and placing production, competitiveness, and jobs at the […]Read More
February 17, 2026 The Vice President, Senator Kashim Shettima, has implored stakeholders, including financial institutions, government agencies, and the private sector, to expand their scope of support for Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. Emphasizing their critical role in economic growth, job creation, and poverty reduction, he urged them to leverage technology to […]Read More
Dangote Group has finalized a $400 million construction equipment deal with XCMG Construction Machinery Co., Ltd., a leading Chinese manufacturer of construction machinery, aimed at expediting the expansion of the Dangote Petroleum Refinery & Petrochemicals. This initiative seeks to increase refining capacity from 650,000 barrels per day to an impressive 1.4 million barrels per day. […]Read More
February 16, 2026 President Bola Ahmed Tinubu has commended the signing of a strategic Memorandum of Understanding between Nigeria’s BUA Group and UAE-based AD Ports Group and MAIR Group in Abu Dhabi. He described the MoU as a significant industrial and trade breakthrough arising from renewed Nigeria–UAE engagement under his administration. The President said the […]Read More
February 16, 2026 Near-term demand for Saudi Arabia’s oil in China is soaring after the Kingdom early this month slashed its official selling prices (OSPs) for Asia to the lowest level versus regional benchmarks in more than five years. In early February, Saudi Aramco cut the OSP of its flagship Arab Light for March loadings […]Read More
February 16, 2026 China’s oil imports from Russia are projected to reach an unprecedented level of over 2 million barrels per day in February, as India reduces its spot purchases from Russia, leading to significant discounts for Chinese independent refiners. China is expected to import between 2.07 and 2.08 million barrels per day (bpd) of […]Read More
The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have reinforced their dedication to enhancing Nigeria’s investment landscape through improved inter-agency collaboration. This commitment was the central focus of discussions during a working visit by Dr. Dayo Mobereola, Director-General of NIMASA, to the NUPRC’s corporate headquarters in Abuja, […]Read More
Feb 13, 2026 India’s largest private refiner, Reliance Industries, has been authorized by the United States to buy, export, and sell Venezuelan crude oil, Reuters reported on Friday, citing sources with knowledge of the situation. Reliance last month applied with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) for a general license to be […]Read More
…Gives out trucks and cash credits as a thank-you. The 2025 Customers Dinner and Awards Night took place Thursday in Abuja, drawing in some big names—Africa’s top industrialist and Dangote Group President, Aliko Dangote, and Vice President Olakunle Alake showed up to personally honour the winners. NASCON Allied Industries Plc, better known as Dangote Salt, […]Read More
