January 07, 2026 Four key Opec+ producers have pledged to deepen their compensation cuts in the first half of 2026 as the organization looks to improve compliance amid oversupplied oil markets. The UAE, Iraq, Kazakhstan and Oman will implement output cuts totaling 829,000 barrels per day by June, three times higher than their previous pledge. Kazakhstan will […]Read More
January 2, 2026 Manufacturing stakeholders, including the Manufacturers Association of Nigeria and the Centre for the Promotion of Private Enterprise, have projected that the country’s manufacturing sector will record a real growth of 3.1 per cent in 2026, with its contribution to real Gross Domestic Product rising to 10.2 per cent, provided key policy reforms […]Read More
December 17, 2025 President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the […]Read More
Lagos, Nigeria December 10, 2025 The Sahara Group Foundation has unveiled the Sahara Community Impact Project (SCIP), a transformative initiative designed to foster sustainable, community-led entrepreneurship and economic growth across Africa. With over 2.18 million social enterprises generating $96 billion in annual revenue and creating at least 12 million jobs, according to the World Economic […]Read More
November 28, 2025 Oil prices were headed for a fourth consecutive monthly loss early on Friday as a data center glitch forced CME Group to halt trading in futures and options, disrupting oil futures trades as well as equities, bonds, and foreign exchange. “Due to a cooling issue at CyrusOne data centers, our markets are […]Read More
November 27, 2025 The Nigerian National Petroleum Company (NNPC) and its partner, Heirs Energies, have successfully doubled natural gas production at a key oil block, OML 17, as part of a broader strategy to boost domestic supply and ease the country’s electricity shortages. The increase comes from the OML 17 oil and gas field, operated by Heirs […]Read More
The NNPC/Renaissance Joint Venture (JV) has donated the sum of Three Hundred Thousand US Dollars ($300,000) to the National Hospital, Abuja, for the maintenance of the hospital’s cancer treatment machine. The state-of-the-art Linear Accelerator (LINAC) Radiotherapy Machine was donated by the JV in 2019 under its Corporate Social Responsibility (CSR) project which encompassed enhancement of […]Read More
November 25, 2025 Italy’s Eni has signed an agreement to acquire a 50% stake and operatorship of Uruguay’s offshore exploration block OFF-5 from Argentine state energy firm YPF, marking a new phase in the companies’ strategic partnership across the Southern Cone. The deepwater block, which spans roughly 17,000 square kilometers about 200 kilometers off the Uruguayan coast, […]Read More
November 26, 2025 Energean plc (LSE: ENOG) reported a 35% quarter-on-quarter jump in third-quarter output and confirmed it remains on track to meet its 2025 production targets, despite a turbulent geopolitical backdrop and a temporary shutdown of its Israeli operations earlier this year. It averaged 151,000 boe/d in the first nine months of 2025 and generated $828 […]Read More
November 25, 2025 Oil prices recovered slightly in early Asian trading on Wednesday after falling to one-month lows in Tuesday’s session. Sentiment in markets remains bearish, with traders focused on a potential peace deal between Ukraine and Russia. At the time of writing, Brent crude was trading at around $62.72 a barrel while West Texas Intermediate was changing hands […]Read More
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