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Nigeria’s oil output up in December; inflation down as CBN changes methodology
Sopuruchi Onwuka Nigeria’s oil production rose slightly in December, increasing to 1.50 million barrels per day (mbpd) from 1.49 mbpd in November. Output therefore matched the country’s OPEC+ quota of 1.50 mbpd. For 2025 as a whole, oil production averaged…
China executes 11 over $1bn scam operations that killed 14 citizens
Chinese authorities have executed 11 people convicted of killing 14 Chinese citizens and running large-scale online scam and gambling operations worth more than $1 billion, according to an official court statement released on Thursday. The Wenzhou Intermediate People’s Court said…
Oil jumps as markets price in rising risk of US strike on Iran
Sopuruchi Onwuka Oil prices surged to around $71.50 per barrel on Thursday, the highest level since late September, as markets rapidly priced in the growing risk of direct US military action against Iran. Analysts say the speed of the rally…
NLNG rebrands Nigeria Prizes for Literature, Science, Creative Arts
Sopuruchi Omnwuka Nigeria LNG (NLNG) Limited has unveiled new visual brand identities for The Nigeria Prize for Literature, The Nigeria Prize for Science, and the newly introduced The Nigeria Prize for Creative Arts; marking a new phase in the evolution…
EKEDC Appointment: WIEN Congratulates Sherifat Adegbenro
The Women in Energy Network (WIEN) has congratulated one of its members, Sherifat Adegbenro, on her appointment as Deputy Managing Director of Eko Electricity Distribution Company (EKEDC). Adegbenro was until her appointment the Chief Audit and Compliance Officer at EKEDC….
NUPRC lowers entry barriers, tightens rules for 2025 licensing round
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has clarified key requirements for the ongoing 2025 oil licensing round, stressing that only bidders with strong technical and financial capacity will progress in the process. The Commission’s Chief Executive, Mrs….
Dangote Refinery increases petrol price by N100 to N839 per Litre
Admits poor price reduction management by MRS retail outlets Sopuruchi Onwuka Dangote Petroleum Refinery & Petrochemicals has announced an increase in loading price for the Premium Motor Spirit (PMS) popularly called petrol at its gantries, indicating a N100 jump in…
Owan Marathon unveils plan to project Edo athletes onto global stage
Ani Bassey Organisers of the annual 10km Owan Marathon have announced plans to sponsor promising athletes to Nigeria’s two elite marathon races, the Lagos City Marathon and the Okpekpe International Road Race, scheduled for February and May 2026 respectively. The…
NIES: Ojulari to lead investor-focused fireside chat on Nigeria’s energy future
Sopuruchi Onwuka The Group Chief Executive Officer of NNPC Limited, Mr. Bashir Bayo Ojulari, will headline a high-level, investor-focused fireside chat at the 9th edition of the Nigeria International Energy Summit (NIES) 2026, reinforcing Nigeria’s commitment to energy security, market…
NCDMB, Jake Riley train 250 youths in FAST Programme
Jeke Riley Limited on Monday churned out 250 industry-ready youths after monthlong intensive training program to equip them with full range of skills designed to enable them become self-reliant and contribute meaningfully to the industrial development of the country. The…
