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Energy prices surge after Iran’s strike at Qatar LNG sparks regional outrage
Benchmark Brent crude touches $119/bbl Sopuruchi Onwuka, with agency reports Global energy markets jolted on Thursday after Iran struck Qatar’s Ras Laffan LNG facility, threatening 20 percent of global LNG supply, triggering sharp rises in oil and gas prices and…
Oil crunch: Why price incentives cannot boost Nigeria’s output
Sopuruchi Onwuka Nigeria, Africa’s biggest oil producer and key member of OPEC, is often counted as a potential fallback supplier whenever global oil markets are shaken. But the prevailing supply crisis linked to tensions around Iran and the risk to…
NUPRC moves shortlisted bidders to data phase in 2025 licensing round
Sopuruchi Onwuka Data access centers have now been opened to pre-qualified bidders in Nigeria’s 2025 oil and gas licensing round, marking the transition into a more technical phase of the process. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) confirmed that,…
MTN plans AI-enabled data centres in S. Africa, Nigeria
Frank Okon MTN Group is advancing plans to build AI-enabled data centres in South Africa and Nigeria, betting on rapid growth in Africa’s digital infrastructure needs. The announcement comes as part of MTN’s broader Ambition 2030 strategy, which reorganises the…
UN says renewables guarantee security amid global energy shocks
Ziggy Ojiegbe The conflict in the Middle East is driving up global oil and gas prices, underscoring the strategic value of renewable energy, the UN’s top climate change official warned on Monday. Speaking at the 2026 Green Growth Summit in…
Civilians bear brunt as Middle East conflict escalates, UN says
Frank Okon The escalating war in the Middle East is taking a growing toll on civilians, UN experts warned on Monday during a briefing to the Human Rights Council in Geneva. Independent investigators highlighted rising violence following Israeli and U.S….
UK, Nigeria strengthen investment ties to create hundreds of new jobs
Bilateral trade at record £8.1 billion annually Sopuruchi Onwuka The United Kingdom and Nigeria have strengthened their economic ties with a series of major investment agreements, expected to create hundreds of new jobs in both countries. The announcements came during ministerial…
Iran opens Strait of Hormuz to non-American allies
Ziggy Ojiegbe Iran’s foreign minister announced that the Strait of Hormuz remains open to all vessels except those of the United States and its allies. The statement comes after President Trump threatened to strike Iranian oil facilities. Late Friday, the…
Iran suffers heavy blows but inflicts global economic pain
Ziggy Ojiegbe The Institute for the Study of War has declared that the US and Israeli military campaigns on Iran are right on target when it comes to firepower and core objectives to degrade Tehran’s military capabilities. The institute however…
NLNG expands VIBES program with103 new beneficiaries
Nigeria LNG Limited (NLNG) has inducted a new cohort of 103 trainees into its economic empowerment initiative, the Vocational Innovation Business and Empowerment Scheme (VIBES), as part of its 2026 program. The induction ceremony, held on Monday in Port Harcourt,…
