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Oil market outlook: supply surplus keeps prices in check despite geopolitical risks
Ziggy Ojiegbe Global oil markets are entering 2026 with a sizeable supply overhang that continues to weigh on prices, even as geopolitical tensions periodically jolt sentiment. According to the latest report by the International Energy Agency (IEA), robust supply growth…
Chevron declares double discovery with Awodi-07 well
Sopuruchi Onwuka Chevron Nigeria Limited has declared that its Awodi well busted two separate lodes offshore Western Niger Delta, discovering new hydrocarbon reservoir and extending existing one. A press statement made available to Oracle Intelligence did not specify the oil…
Performance drives gender diversity in African business leadership, report finds
Sopuruchi Onwuka Gender diversity in African business leadership is increasingly being shaped by performance rather than advocacy alone, according to new research on the continent’s private capital industry. The report, released by the African Private Capital Association (AVCA), shows that…
Paystack plots broader financial service range
Ziggy Ojiegbe Paystack, a leading digital payments company with a strong footprint in Nigeria’s financial services market, is planning to expand beyond payments into retail banking and consumer finance as unmet demand continues to create new growth opportunities across the…
NLNG reskills Abuja journalists at 2026 #NLNGChangeYourStory workshop
Sopuruchi Onwuka No fewer than 32 Nigerian journalists from various media organisations have benefited from the 2026 edition of the #NLNGChangeYourStory initiative, a capacity-building workshop organised by Nigeria LNG Limited (NLNG). The three-day training, hosted in Abuja and concluded on…
After buying out M&P, Tony Elumelu takes seat in Seplat Energy’s board
Sopuruchi Onwuka Following the completion of a deal to acquire the entire 20.07 percent equity stake held by Etablissements Maurel et Prom (M&P) SA, Nigerian billionaire investor Tony Elumelu has joined the board of Seplat Energy Plc as a Non-Executive…
Cameroon’s Kribi oil refinery to begin early operations in 2026
Nigeria’s fuel exports to Cameroon are expected to decline as Cameroon’s Kribi oil refinery prepares to begin partial operations in the second half of 2026, almost two years ahead of its original schedule. The refinery project, backed by Cstar Petroleum,…
Sahara Group Foundation partners Plan International on recycling, empowerment
Sopuruchi Onwuka Sahara Group Foundation has declared partnership with Plan International Nigeria to deepen social inclusion and community-led waste recycling initiatives aimed at driving climate action and economic empowerment. The Foundation, the social responsibility arm of Sahara Group, said it…
China fronts renewables as energy consumption surges to new records
Ziggy Ojiegbe China’s energy consumption continued to rise across the board in 2025, with strong growth recorded in power generation, coal output and petroleum, alongside a sharp expansion in renewable energy. Reports reviewed by Oracle Intelligence show that China now…
Seplat’s 300MMscfd ANOH Gas Project delivers first commercial gas
Sopuruchi Onwuka Seplat Energy Plc has announced the commencement of commercial operations at its long-awaited Asa North and Ohaji (ANOH) Gas Processing Plant, marking a major milestone for Nigeria’s domestic gas sector. The indigenous energy company, listed on the Nigerian…
