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G7 agrees 100 Mbbls emergency oil to ease supply squeeze
The International Energy Agency (IEA) said Saturday that its member countries had so far released about 325 million barrels of oil and oil products from strategic reserves, representing more than 80 per cent of the 400 million barrels pledged in…
Elumelu raises Seplat stake by $71m ahead of board chairmanship
Nigerian businessman and investor Tony Elumelu has increased his interest in Seplat Energy Plc, with Heirs Energies, a company he controls, acquiring an additional six million shares in the Nigerian energy producer ahead of his scheduled assumption of the company’s…
Global life expectancy recovers to pre-COVID level __WHO
Global life expectancy has rebounded to almost its pre-COVID-19 pandemic level, although gains in healthy life expectancy have lagged behind, according to the World Health Organisation (WHO). The UN health agency said its latest Global Health Estimates showed that global…
Renaissance’s feedgas lifts NLNG plant to 82% utilization
Renaissance Africa Energy Company Limited has been credited with playing a pivotal role in improving the operational performance of Nigeria LNG Limited (NLNG), helping raise plant utilisation from about 50 per cent to 82 per cent and enabling the company…
Heirs Energies highlights technology, data-driven operations in Nigeria’s production growth drive
Heirs Energies has highlighted the growing importance of technology, data and operational optimisation in Nigeria’s efforts to increase oil and gas production, stressing that unlocking additional value from existing assets will be critical to the country’s energy growth. The company’s…
AfDB targets $4trn domestic capital to close Africa’s financing gap
The African Development Bank (AfDB) is engaging financiers on a strategy to mobilise about $4 trillion in untapped domestic capital across Africa to help fund the continent’s development needs, as the region grapples with an estimated $400 billion annual financing…
From subsidy shock to debt trap: Tinubu’s reforms meet rising debt wall
Sopuruchi Onwuka President Bola Tinubu’s declaration that the worst pains of his economic reforms are over is being tested by a debt burden that has continued to expand, potentially extending fiscal pressures even as the government shifts its emphasis towards…
Xenophobia Trap: As migrants leave, South Africans turn on themselves
The escalating diplomatic fallout over xenophobic attacks, killings and the mass deportation of migrants is increasingly isolating South Africa, even as a more disturbing reality emerges: the country’s deepening violence cannot be explained simply as a reaction to the growing…
Dangote, African leaders break ground on $16bn Kenya refinery
Africa’s push for industrial self-reliance received a major boost on Wednesday as Kenyan President William Ruto and President/Chief Executive of Dangote Industries Limited, Aliko Dangote, joined other African leaders to break ground on a $16 billion petroleum refinery and petrochemicals…
YSMA hosts first TheMuseumsLab residency, deepens Africa-Europe cultural exchange
The Yemisi Shyllon Museum of Art (YSMA), Pan-Atlantic University, has hosted its first Residency under TheMuseumsLab Fellowship, bringing together cultural professionals from the United Kingdom and Uganda for a week of professional exchange and engagement with Nigeria’s museum and creative…
