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NCDMB moves to expand access to $40m Women Fund
The Nigerian Content Development and Monitoring Board (NCDMB) has restated its commitment to dismantle funding barriers to women-led and women-owned businesses, strengthen their capacity and promote affirmative procurement opportunities in the petroleum industry. The NCDMB said it is exploring opportunities…
FG flaunts fiscal incentives, low-cost environment in 2026 licensing round
Federal government has pledged to provide investors in the upstream petroleum industry with generous fiscal and operating incentives, assuring them that access to the country’s upstream oil and gas assets has been made easier and more regular for willing players….
Over 710,000 people killed, $1.07trn productivity lost as climate change stokes heat waves
Climate change is taking an increasingly deadly toll on human health, with an estimated 710,000 people dying globally from heat-related causes in 2023, as human-induced global warming intensifies extreme weather events, threatens food and water security and weakens the capacity…
Oando boosts output 14%, targets 100,000 boepd in 5 years
Oando Plc has returned to strong operating profitability, posting an operating profit of ₦159.7 billion for the nine months ended September 30, 2026, against an operating loss of ₦109.7 billion recorded in the corresponding period of 2025, as improved production,…
Chinese solar panels challenge generators for Nigeria’s 28,000 MW supply market
Sopuruchi Onwuka With millions of African households and businesses struggling with unreliable grid electricity and rising fuel costs, cheap Chinese solar panels are gaining ground as a potential alternative to petrol and diesel generators, opening a huge market for China’s…
Women, girls account for 25% of civilian war deaths as conflict toll doubles – UN
The proportion of women and girls among civilians killed in armed conflicts has doubled since 2021, with one in every four civilian deaths recorded last year involving women and girls, according to a new United Nations report. The report, the…
OTL: How Nigeria’s petroleum can fuel industrialization, build energy hub
Sopuruchi Onwuka Nigeria is seeking to reposition itself from a country struggling with domestic energy supply deficits and dependence on imported petroleum products into a regional energy hub capable of supplying West Africa with gas, refined petroleum products and associated…
OPay crashes out of $304m New York IPO, treading the route of African firms
An undisclosed foreign regulatory inquiry has derailed OPay’s much-anticipated $304 million initial public offering (IPO) in New York, raising fresh concerns over the prospects of African-domiciled businesses seeking to access international capital markets. Oracle Intelligence reports that the Nigerian-focused fintech…
New 223 Bcf discovery adds momentum to Tanzania’s $42bn LNG project
Tanzania’s ambition to emerge as a major natural gas and energy export hub in East Africa has received a significant boost following the discovery of an estimated 223 billion cubic feet (bcf) of natural gas in the country’s southern Mnazi…
Oil glut fears mount as OPEC+ prepares 2027 production plan
The Organisation of Petroleum Exporting Countries and its allies (OPEC+) face a difficult decision on production policy for 2027 as uncertainty over the US-Iran conflict, the fragile recovery of crude shipments through the Strait of Hormuz and the prospect of…
