Skip to content
Dangote, Norges Bank in talks over strategic investments across Africa
Frank Okon Dangote Group says it is in discussions with Norges Bank Investment Management over a potential strategic partnership aimed at expanding investments across critical sectors and regions in Africa. The move, according to a statement from the company, could…
West African Development Bank gets own office
Victor Nze West African Development Bank (BOAD) has inaugurated the new premises of its resident mission in Dakar, Senegal, marking another step in strengthening its integration within the Senegalese economy and the UEMOA region. BOAD was previously located at the…
OTC 2026 draws 25,000 as offshore energy industry charts innovation
The 2026 Offshore Technology Conference (OTC) concluded in Houston after four days of high-level discussions, technical exchange, and international engagement that brought together nearly 25,000 participants from more than 100 countries. Held under the theme Steering Offshore Energy Innovation into…
NCDMB to showcase Nigeria’s capacity-building drive at AEW 2026
Nigerian Content Development and Monitoring Board (NCDMB) has concluded plans to showcase its capacity-building drive, funding initiatives targeted at boosting indigenous participation and investor confidence at this year’s African Energy Week (AEW) 2026, slated for October, in Cape Town, South…
Nigeria’s PMI drops in April
Nigeria’s economic activities shrunk to 49.4 points from its previous 50-point threshold, according to the Central Bank of Nigeria (CBN). The CBN which disclosed this in its newly-released Purchasing Managers’ Index (PMI) report for April 2026, noted that the…
Senate confirms Umar as NMDPRA, as new boss assures on national energy security
Senate has confirmed Rabiu Umar as the new Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Umar was screened by the senate, last Tuesday, May 5 following his nomination for the post by President Bola Tinubu,…
Shell plc posts $6.9 bn Q1 profit, expands upstream growth with ARC deal
Ziggy Ojiegbe Shell plc delivered a strong set of first-quarter results for 2026, pointing at the resilience of its integrated energy portfolio despite what the company described as unprecedented disruption across global commodity markets. The energy giant reported adjusted earnings…
M/East conflict: Iran, Nigeria, others count losses
Nearly three weeks into the enforcement of a United States’ naval blockade in the Strait of Hormuz, restricting all ships originating from and entering Iranian ports, the Wall Street Journal (WSJ) has calculated that the development may be costing Iran…
NLNG’s inaugural Creative Arts Prize receives 98 entries
Frank Okon The Nigeria LNG Limited (NLNG) has received 98 entries for the maiden edition of The Nigeria Prize for Creative Arts following the close of submissions on Thursday. The inaugural competition, which focuses on documentary filmmaking, is themed “Identity”…
Domestic refiners undersubscribe allocated Q1 crude oil feedstock
Ziggy Ojiegbe Refiners in Nigeria’s emerging downstream sector declined to purchase a significant portion of crude oil allocated to them in the first quarter of 2026, despite increased supply from producers, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)….
