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EIA predicts lower oil prices as global inventory growth extends into 2026, 2027
Ziggy Ojiegbe Brent crude oil prices are expected to average $56 per barrel in 2026 and $54 per barrel in 2027, as rising global oil inventories continue to weigh on prices, according to the US Energy Information Administration (EIA). In…
Nigeria listed as US suspends immigrant visa processing for 75 countries
By Ziggy Ojiegbe Nigeria has been listed among 75 countries whose citizens will no longer have their immigrant visa applications processed by the United States, as Washington tightens immigration rules under President Donald Trump’s administration. The move marks a further…
37 mtpa new LNG capacity to come online in 2026
Global liquefaction additions reach 88 mtpa since 2025 Sopuruchi Onwuka, with agency reports About 37 million tons per annum (mtpa) of new LNG liquefaction capacity is expected to come online in 2026, adding to the 51 mtpa that entered service…
Nigeria splatters N13.2 bn on countering claims of Christian slaughter
Move aimed at averting possible sanctions and military action Ziggy Ojiegbe The Federal Government under President Bola Tinubu has spent an estimated $9 million (about N13.2 billion) on lobbying efforts in Washington as it seeks to counter allegations of widespread…
UN weather agency warns of extreme conditions as global warming perisits
Sopuruchi Onwuka The World Meteorological Organization (WMO) has charged governments across the globe to be proactive in raising warnings about extreme weather changes as global warning shows no sign of respite. The United Nations agency noted that high temperatures on…
Eyesan engages operators on rapid output boost, pledges predictable regulation
By Sopuruchi Onwuka The new Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, has begun industry engagement with a call on operating companies to adopt efficient measures that will quickly boost oil production and government…
TotalEnergies finally signs off Renaissance JV interest to Vaaris
Displaces Chappal Energies, beats SAPETRO Sopuruchi Onwuka French multinational oil major with significant commercial interest in Nigeria, TotalEnergies, has reached a deal to sell its 10 percent non-operating stake in the Renaissance operated Joint Venture with the Nigerian National Petroleum…
WHO calls for fiscal measures against cheap sugary, alcoholic drinks
Frank Okon The World Health Organization (WHO) has urged governments to significantly raise taxes on sugary drinks and alcohol, warning that these beverages are too cheap and widely available in most parts of the world. In a statement issued on…
Eagles’ fans lament as Nigerian-Morocco tickets sold out
Nigerian fans of the Super Eagles currently face major difficulties in securing tickets for the AFCON semi-final against host nation Morocco, with many reporting that tickets sold out online within hours and later surfaced on the black market at inflated…
EKEDC announces board transition, appoints Wola Joseph-Condotti as Interim CEO
Sopuruchi Onwuka Eko Electricity Distribution Company PLC (EKEDC) has announced a leadership transition following the takeover of its Board by Transgrid Enerco, the company’s spokesman declared on Wednesday. EKEDC, one of Nigeria’s leading electricity distribution companies, serves customers across Lagos…
