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Project Freedom: Oil prices surge, equity markets sink on Hormuz clashes
Frank Okon The confrontation between United States and Iran over the control of the Strait of Hormuz rattled the global commodity and equity markets on Monday when Iran claimed it hit a US warship, raising fears that bombs would soon…
From Epic Fury to Project Freedom: U.S. pushes back Iran in the Strait of Hormuz
Full Story: Oracle reporters, with agency reports A fragile calm in the Strait of Hormuz gave way to renewed confrontation this week as U.S. forces engaged and repelled a wave of Iranian attacks, marking a sharp escalation around one of…
Ojulari finally finds operating partners for Nigeria’s refineries
Plans integrated refining and petrochemical hubs Ziggy Ojiegbe The Nigerian National Petroleum Company (NNPC) Limited has moved to clarify its strategy for reviving the country’s long-idle refining assets, announcing new arrangements aimed at rehabilitating and restarting key plants after months…
Shipping: MSC charts new route to bypass Strait of Hormuz
Frank Okon Global shipping is adjusting to rising instability in the Middle East, with Mediterranean Shipping Company (MSC) announcing a new Europe–Red Sea–Middle East express service aimed at keeping cargo moving while bypassing one of the world’s most volatile maritime…
US forces move to reopen Strait of Hormuz, Iran fires at ships, UAE
Ziggy Ojiegbe The United States military said Monday it engaged Iranian forces and sank six small boats as it moved to reopen the Strait of Hormuz, a vital artery for global energy shipments, amid renewed tensions with Tehran. The operation…
The Alternative Bank drives skills-based autism care, funding and education reform
Frank Okon Stakeholders at a policy dialogue convened by The Alternative Bank have called for a major shift in Nigeria’s approach to autism care, urging a move away from an exclusive focus on traditional academic learning toward vocational training, talent…
Seplat $840.7m Q1 revenue, strong dividend and sturdy cash flow
Ziggy Ojiegbe Seplat Energy has reported a solid financial and operational performance for the first quarter of 2026, posting higher revenue, profit growth and a significant increase in shareholder returns, despite operational challenges during the period. The dual-listed energy firm,…
Labour, CSOs push for urgent oil sector overhaul as energy cost bites deep
Ziggy Ojiegbe Civil society organisations and labour unions have urged the Federal Government to urgently restructure Nigeria’s downstream oil sector, warning that rising energy costs are worsening hardship and undermining economic productivity. The call was made at the end of…
Hormuz stalemate: UN warns trade disruption comes with global recession risk
Ziggy Ojiegbe The United Nations has called for urgent action to resolve the escalating crisis in the Strait of Hormuz, warning that continued disruption to one of the world’s most critical shipping routes is already placing severe strain on the…
Dangote Refinery recalls redeployed engineers
Frank Okon Dangote Petroleum Refinery has approved the recall of engineers previously redeployed across its business units, following what management described as a conditional pardon after internal disciplinary actions linked to operational disruptions. In internal communication to staff, the company…
