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Ebonyi recalls monarch suspended over communal crisis
From Chinedu Nwafor Abakaliki Ebonyi State government has recalled the traditional ruler of Ishinkwo Community, Eze Jesophat Ikegwu, who was suspended indefinitely weeks ago over a renewed communal crisis that led to the killings of natives in the area. The government…
TEHC unveils Louisville smart housing at Eko Atlantic
TotalEnergies Staff Housing Cooperative Multipurpose Society Ltd (TEHC), is set to unveil Louisville, a future-focused housing development located at the Eko Atlantic City in Lagos. Louisville is a mixed-use development comprising 300 residential homes spread between two towers. Louisville has…
UAE maps $150 bn to boost oil production capacity
The United Arab Emirates’ main energy company will boost investment to $150 billion over the next five years, speed up an increase in oil-production capacity and list some of its natural gas business. Abu Dhabi National Oil Co. also said…
EU considering $62/bbl for Russian oil cap
European Union states debated whether to set a price cap as low as $62 a barrel on exports of Russian crude oil after several countries demanded a level that could put more pressure on Moscow, but the talks remain stuck,…
Features: Hollywood connecting Nollywood with Wakanda
To kick off their continent-wide promotional tour ahead of the African release of “Black Panther: Wakanda Forever,” director Ryan Coogler and stars Letitia Wright, Lupita Nyong’o, Danai Gurira, Tenoch Huerta and Winston Duke touched down in Lagos. The splashy premiere…
Artemis: Nasa’s Orion capsule breaks distance record
The US space agency’s Orion capsule has reached a key milestone on its demonstration mission around the Moon, NASA reported. On Monday, it moved some 430,000km (270,000 miles) beyond the Earth – the furthest any spacecraft designed to carry humans…
Goldman Sachs holds on to bullish 2023 outlook for oil
Despite the prevailing downtrend in the prices of oil and gas in the export market, investment bank Goldman Sachs insists that 2023 will be a rewarding period for exporters who would have capacity to respond to strong demand from recovering…
Biden relaxes sanctions on Venezuela, Chevron to resume ops
The U.S. government is allowing Chevron to pump Venezuelan oil, following an agreement signed by representatives of President Nicolás Maduro and the opposition aimed at helping Venezuela out of its crisis. Venezuela’s government and its opposition on Saturday agreed to…
Venezuela in deal to restore democracy, open up economy
Venezuela’s government and opposition have asked the United Nations to manage a fund for billions of dollars now held in foreign banks, which will be gradually unfrozen to combat a humanitarian crisis in the oil-rich nation, delegates announced in Mexico…
Refinery crunch pushes global diesel crisis
Inability of the global midstream capacity to produce adequate distillate fuels is behind the global supply crisis rocking industries that are fired with diesel and kerosene, mainly the transport and logistics industries. And the prevailing supply crisis and acute shortage…
