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Oil prices climb to $117/bbl as US softens on Strait of Hormuz
Ziggy Ojiegbe Oil prices held near session highs on Tuesday after President Donald Trump indicated walking back from forcing open the Strait of Hormuz and demanded estranged allies to find their way out of the Hormuz impasse or buy America…
S. Africa partners AOW:Energy to advance upstream investment drive
Sopuruchi Onwuka The Republic of South Africa is partnering with AOW:Energy on what is shaping up to be one of the most compelling upstream investment showcases of 2026, reinforcing a long-standing relationship between the country and the conference platform. Originally…
WIEN calls for structural reform to unlock women’s potential in energy sector
Sopuruchi Onwuka Female professionals, advocacy groups and women-led enterprises in Nigeria’s energy industry have raised concerns over low patronage from government and operating companies, despite growing opportunities in the global energy market. The leading advocacy group promoting gender equity and…
NNPC rebuilding corporate culture, shopping partners before future IPO __Ojulari
Sopuruchi Onwuka Nigeran National Petroleum Company (NNPC) Limited has declared that it is currently placing internal reform at the center of its transformation drive, with secondary objectives focused on plugging capacity gaps with private partnerships while exploring low-cost funding. Oracle…
Ukraine trades battlefield expertise as Gulf states cope with Iranian drones
Ziggy Ojiegbe As Iranian drones and missiles strike targets across the Gulf, Volodymyr Zelensky is positioning Ukraine as an unlikely but increasingly relevant defense partner, signing multi-year agreements that could reshape Kyiv’s role in the global arms market. During a…
US tempers diplomacy with military pressure as Iran war enters critical phase
Frank Okon The United States is simultaneously pursuing diplomatic efforts and preparing for potential military escalation in its ongoing conflict with Iran, reflecting a dual-track strategy aimed at ending the war through negotiation or force. Officials in Washington continue to…
NCDMB pledges support as Esso, LADOL team on shorebase facility
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to deepen collaboration with LADOL and Esso Exploration and Production Nigeria Limited (EEPNL) to develop facilities and capabilities that will position Nigeria as a key hub…
Nigeria’s 2025 capital inflows surge 90% to $23.2 bn
Frank Okon Foreign capital inflows into Nigeria jumped nearly 90% last year, reaching $23.2 billion, driven largely by portfolio investment in the country’s bond and money markets. According to official data, net capital from abroad rose from $12.3 billion in…
Moniepoint acquires controlling stake in Kenyan microfinance bank
Ziggy Ojiegbe Nigerian digital payments firm Moniepoint has acquired a 78% stake in Sumac, a Kenyan microfinance bank, as part of its rapid expansion across Africa’s financial services sector. Over the past five years, Moniepoint has evolved from a technology…
South Africa reverses claim of U.S. pressure over G7 snub
Ziggy Ojiegbe South Africa has walked back earlier claims that the United States pressured France to rescind its invitation to the June G7 summit, easing tensions after days of diplomatic friction. On Thursday, it emerged that Paris had invited Kenya…
