April 29, 2026 President Bola Ahmed Tinubu has appointed Ambassador Bianca Odumegwu-Ojukwu as Nigeria’s Minister of Foreign Affairs, following the resignation of Ambassador Yusuf Tuggar, who stepped down to participate in the 2027 elections. Ambassador Odumegwu-Ojukwu previously served as Minister of State in the Ministry of Foreign Affairs. In the same vein, the President has […]Read More
April 29, 2026 President Bola Ahmed Tinubu, GCFR, has approved the removal of Mr Saidu Mohammed as the AuthorityChief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), in the public interest. The President has also approved the nomination of Mr Rabiu Abdullahi Umar as the new Chief Executive of the NMDPRA. The […]Read More
Aliko Dangote, President of the Dangote Group, announced plans to expand the production capacity of the Dangote Refinery to 1.4 million barrels per day (bpd), a move expected to create up to 95,000 skilled jobs at the height of construction. This revelation came during his induction as an Honorary Fellow by the Nigerian Academy of […]Read More
24 April 2026 IEA’s latest quarterly report shows how the ongoing supply shock and infrastructure damage are increasing price volatility and pushing back easing of global gas balances The global natural gas market outlook has been significantly altered by the conflict in the Middle East, according to the International Energy Agency’s latest quarterly gas market […]Read More
April 24, 2026 Crude oil production recovery to pre-war levels could take just a few months, Goldman Sachs analysts said, adding a note of caution that recovery could also take longer than that. The bank estimates lost production in the Middle East at 14.5 million barrels daily as of this month. However, most of that […]Read More
April 24, 2026 Reliance Industries, the biggest oil refiner in India, is expected to report a drop in profits for its fourth quarter to March, driven by the oil price surge caused by the war in the Middle East. Based on a poll of brokerages, Reuters reported Reliance Industries could book a 3.7% decline in […]Read More
Chevron recently announced that, through its subsidiaries with interests in Venezuela, it has agreed to an asset swap with Petroleos de Venezuela, S. A. (“PDVSA”) and PDVSA’s subsidiaries, in a mutually beneficial agreement that will consolidate all parties’ focus on strategic assets in the country. Under the agreement, Chevron will receive an additional 13.21% working […]Read More
April 23, 2026 Vice President, Senator Kashim Shettima, has called for an aggressive expansion of public-private partnerships {PPP} to drive Nigeria’s economic ambitions. This to reiterate Federal Government’s commitment to unlocking the full value of national assets and attracting global capital. Speaking on Thursday during the first 2026 meeting of the National Council on Privatisation […]Read More
April 23, 2026 President Bola Tinubu has expressed Nigeria’s solidarity with the United Arab Emirates, Saudi Arabia and other Gulf countries that came under attack in the heat of the US/Israel war with Iran. Commending the countries for their resilience and restraint, the President noted that Nigeria will always stand for peace and stability. President […]Read More
…Plans Underway to Increase Pipeline Capacity Utilization by 45% by 2026 The Committee of Ministers for the West African Gas Pipeline Project convened in Abuja, emphasizing its pivotal role in advancing the regional energy agenda across West Africa. Ministers and senior representatives from Nigeria, Benin, Togo, and Ghana convened for the meeting, joined by officials […]Read More
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