UN seeks global rules for lithium, cobalt mining boom
Ziggy Ojiegbe The United Nations has called for fairness and sustainability in the global competition for critical minerals such as Lithium and Cobalt, which are essential for the transition to a low-carbon global economy. The issue is expected to take…
Outrage as Dynacom pushes tankers through dreaded Strait of Hormuz
Ziggy Ojiegbe Security analysts and maritime unions have expressed outrage after global shipping company Dynacom Tankers continued sending its vessels through the dangerous Strait of Hormuz despite threats from Iran to attack ships entering the waterway. The narrow maritime corridor,…
Fuel price jump looms as crude price hits $90/b on Strait of Hormuz closure
Sopuruchi Onwuka Nigerians should brace fuel price jumps as crude oil prices in the international market continues rise on the back of worsening military confrontations among parties and interests in the prevailing Iran war. Oracle Intelligence reports that crude oil…
Airlines resume cautious flights amidst Middle East airspace risks
Virgin Atlantic has become the latest airline to resume operations from the United Arab Emirates, operating its first flight to London Heathrow since regional airspace closures began following the escalation of the US-Israel conflict with Iran. The British carrier’s scheduled…
Iran war: Qatar to extend visas for stranded travelers
Sopuruchi Onwuka The Qatari Ministry of Interior has assured travelers stuck in the country due to the prevailing airspace closure that their entry visas would be extended without fees for one month for all entry categories. The extension, according to…
Dangote Refinery indicates further price hike
Explains why it hiked fuel price again Sopuruchi Onwuka Indigenous transportation fuel producer, Dangote Refinery, which increased the price of petrol by N100 per liter to about N939 per liter has indicated possibility of further price hike, pointing at fears…
NCDMB’s 204 room Radisson Hotel and Conference center ready by December
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) is working with key private sector partners to commission a 204-room hotel and conference center near its headquarters in Yenegoa, Bayelsa State. The agency which is currently developing capacity for…
War in Iran: Qatar Energy declares force majeure on LNG production
Ziggy Ojiegbe World’s leading exporter of liquefied natural gas (LNG), QatarEnergy, has declared force majeure to buyers on Wednesday after Iranian attacks on the country. The announcement came two days after the company halted production at the country’s main site….
Iran war shakes oil market as Dangote hikes prices
Sopuruchi Onwuka Global commodity marks entered panic mode on Monday when parties to the ongoing Iran war took hard lines as Iran launched attacks on merchant vessels passing through the Strait of Hormuz. The threat to global merchant ships and…
Oil and gas prices climb as Iran attacks Qatar LNG, oil tankers
Oil and gas prices surged Monday after Iranian drone strikes hit a major liquefied natural gas facility in Qatar and tankers halted transit through the Strait of Hormuz, escalating fears of a broader disruption to global energy supplies. QatarEnergy said…
