Skip to content
Stranded W. African migrants toil in Moroccan farms
By Frank Okon Migrants from West Africa are increasingly becoming the backbone of Morocco’s agricultural workforce, stepping into jobs left vacant as local laborers move to cities in search of better opportunities. Across key farming regions in Morocco, migrants now…
OPEC reports sharp drop in Middle East oil output amid Iran war
The Organization of the Petroleum Exporting Countries (OPEC) has reported a significant decline in crude oil production among its member states, citing the ongoing conflict involving Iran as a major disruptor to supply across the Middle East. In its production…
Dangote warns rising oil prices may ground Nigerian airlines
Demands subsidies for farmers Ziggy Ojiegbe, with agency reports Chairman of the Dangote Group, Aliko Dangote, has called on the Nigerian government to introduce targeted subsidies for farmers, warning that surging global oil prices could cripple both agriculture and aviation…
NCDMB commends Shell, NNPC on UNILAG Geosciences Centre of Excellence
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has expressed excitement at the state-of-the-art Geosciences Centre of Excellence at the University of Lagos, declaring it as an enduring value that transcends mere infrastructural development. In a sector where…
Oil slumps as Strait of Hormuz reopens despite U.S. blockade on Iran
Ziggy Ojiegbe Iran said it has fully reopened the Strait of Hormuz to commercial shipping, triggering a sharp drop in global energy prices and raising cautious optimism that tensions with the United States may be easing, even as Washington insists…
Assala Targets 10,000 b/d at Gabon’s Grand N’Gongui Field
Ziggy Ojiegbe Assala Gabon has commenced oil production from the Grand N’Gongui (GNG) field in the Ogooué-Maritime province of Gabon, marking a key milestone in the company’s upstream expansion strategy. The GNG field is estimated to contain a 10–15 metre…
Petrobras buys down Oranto’s stake in STP block, expands Africa footprint
Frank Okon Brazil’s state-controlled oil major Petrobras has agreed to acquire a 75% operating stake in offshore Block 3 in São Tomé and Príncipe from Nigerian independent Oranto Petroleum Limited, in a move that deepens its renewed push into African…
Iran slips 3 oil cargoes through Strait of Hormuz as tensions ease
Ziggy Ojiegbe Three Iranian oil tankers carrying roughly five million barrels of crude have successfully exited the Gulf, marking the first such movement since Washington imposed a blockade on Iran’s oil exports earlier this week. The development raises fresh questions…
BADEA, DBN strike €40m credit deal to expand SME financing in Nigeria
Sopuruchi Onwuka The Arab Bank for Economic Development in Africa has signed a €40 million line of credit agreement with the Development Bank of Nigeria to expand access to long-term financing for small businesses across Nigeria. The agreement was formalized…
Joe-Ezigbo unveils plan to expand Falcon’s role in Nigeria’s gas sector
Sopuruchi Onwuka New Chief Executive Officer of Falcon Corporation Limited, Mrs Audrey Joe-Ezigbo, has outlined a growth strategy aimed at expanding the company’s footprint in Nigeria’s gas market and positioning it for a larger role in Africa’s energy transition. Her…
