• August 23, 2025
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Chevron Reports Lower Q2 Earnings Despite Record Output

Chevron Reports Lower Q2 Earnings Despite Record Output

August 4, 2025

  August 03, 2025 Chevron Corporation reported second-quarter 2025 earnings of $2.5 billion, down from $4.4 billion a year earlier, as weaker oil prices and lower affiliate income weighed on results. Adjusted earnings came in at $3.1 billion, also down from $4.7 billion in Q2 2024. Despite the earnings drop, Chevron delivered record production and strong shareholder […]Read More

NERC Transfers Electricity Regulatory Oversight to Nasarawa State

NERC Transfers Electricity Regulatory Oversight to Nasarawa State

August 3, 2025

August 3, 2025 The Nigerian Electricity Regulatory Commission (NERC) has issued an order to transfer regulatory oversight of the electricity market in Nasarawa State from the Commission to the Nasarawa State Electricity Regulatory Commission (NASERC). This is incompliance with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the Electricity Act 2023 as […]Read More

President Tinubu Calls New Media Influencers To Use Their Platforms to Foster Unity, Not Division

President Tinubu Calls New Media Influencers To Use Their Platforms

August 3, 2025

August 2, 2025 President Bola Ahmed Tinubu on Friday called on young Nigerians active in the digital media space to harness their platforms as instruments of national progress. He urged them to build businesses that create employment, produce content that reflects unifying values, and serve as positive catalysts for societal development. He emphasised the critical […]Read More

Immigration: Advisory to Nigerians on the Responsible Use of U.S. Visas

Immigration: Advisory to Nigerians on the Responsible Use of U.S.

August 2, 2025

1. The Nigeria Immigration Service (NIS) wishes to inform the general public of concerns raised by the United States Government regarding the misuse of U.S. visas by Nigerians. All visa holders are advised to strictly adhere to the purpose stated in their visa applications. 2. Applicants are reminded that security screening by U.S. authorities continues […]Read More

Dangote Refinery Appoints Ex-Shell Executive, David Bird As CEO

Dangote Refinery Appoints Ex-Shell Executive, David Bird As CEO

August 2, 2025

August 1, 2025 Dangote Petroleum Refinery and Petrochemicals has appointed David Bird, the former head of Oman’s Duqm Refinery, as new Chief Executive Officer (CEO). A report by S&P global on Friday said, Bird heads the refinery’s petroleum and petrochemicals division in a strategic move to overcome production challenges and advance its next wave of […]Read More

OPEC+ Nears Decision Point on Next Oil Output Hike

OPEC+ Nears Decision Point on Next Oil Output Hike

August 2, 2025

August 01, 2025 OPEC+ is inching toward a pivotal decision this weekend, whether to greenlight another 548,000 bpd in production hikes for September, effectively fast-tracking the return of 2.2 million bpd in voluntary cuts a year ahead of schedule.                                        The Joint Ministerial Monitoring Committee (JMMC) already met last week and stopped short of recommending any fresh changes […]Read More

At Chevron-funded HCD graduation, NCDMB leads push for homegrown talents

At Chevron-funded HCD graduation, NCDMB leads push for homegrown talents

August 1, 2025

The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its unwavering commitment to local capacity development and sustainable talent growth through strategic collaborations with private sector players, as it celebrated the close-out ceremony of a landmark Human Capital Development programme, in partnership with Chevron Nigeria Limited and Geoscape Nigeria Limited. The ceremony, held on […]Read More

Ikeja Electric Boosts Power Supply Reliability, Commissions Kwaru 15MVA Injection Substation

Ikeja Electric Boosts Power Supply Reliability, Commissions Kwaru 15MVA Injection

August 1, 2025

Lagos, Nigeria; August 01, 2025: Ikeja Electric Plc, Nigeria leading electricity distribution company, today commissioned the new, cutting-edge Kwaru 15MVA Injection Substation in Abaranje, Ikotun area of Lagos State, Nigeria. This significant infrastructure is set to drastically improve power supply quality, and reliability for thousands of residents and businesses within the rapidly developing Ikotun corridor. […]Read More

Chevron Tops Profit Estimates on Record-High Oil and Gas Output

Chevron Tops Profit Estimates on Record-High Oil and Gas Output

August 1, 2025

August 01, 2025 Chevron Corporation beat Wall Street estimates of its second-quarter profit as Permian production surged and U.S. and worldwide oil and gas output jumped to record highs.   Chevron reported on Friday adjusted earnings of $3.1 billion, or $1.77 per share, for the second quarter of 2025, compared to adjusted earnings of $4.7 billion, or $2.55 […]Read More

U.S. Crude Oil Output Set New Record in May: EIA

U.S. Crude Oil Output Set New Record in May: EIA

August 1, 2025

Jul 31, 2025 U.S. crude oil production hit a new monthly record in May 2025, averaging 13.488 million barrels per day (bpd), according to new EIA data released Thursday. That’s a modest 0.2% rise from April’s 13.464 million bpd, but a respectable 2.2% increase year-over-year. The biggest contributor remains Texas, which churned out 5.752 million bpd, up […]Read More

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