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Heirs Energies to drive long-term growth with $750m
Sopuruchi Onwuka Heirs Energies Limited has secured a $750 million financing from the African Export–Import Bank (Afreximbank), marking one of the largest funding transactions ever obtained by an indigenous African energy company. According to Heirs Energies, the Afreximbank facility will…
$60 oil pose early test for Nigeria’s 2026 Budget
Sopuruchi Onwuka Global petroleum prices over the weekend offered little comfort that the oil price benchmark underpinning Nigeria’s 2026 budget will hold, raising fears of a repeat of the 2025 shortfall triggered by an unusually bearish market. Although fiscal planners…
Shell celebrates retirees at 4th annual golf tournament in Lagos
Shell Nigeria celebrated its retired employees at the fourth edition of its annual golf tournament, held in their honour by Shell Exploration and Production Company Limited (SNEPCo) at the Lakowe Golf Course in Lekki, Lagos. A total of 47 retirees…
Tinubu’s ₦58.18 trn budget targets growth, fiscal discipline after 2025 execution shortfalls
Wider fiscal deficits threaten heavier debt burden Sopuruchi Onwuka President Bola Tinubu on Tuesday presented the 2026 Appropriation Bill to a joint session of the National Assembly, outlining plans to consolidate economic reforms, accelerate growth, and strengthen fiscal discipline, while…
WIEN applauds Tinubu’s appointment of Oritsemeyiwa Eyesan as NUPRC Chief Executive
Ziggy Ojiegbe The Women in Energy Network (WIEN), a leading advocate for gender balance in energy sector leadership, has commended President Bola Ahmed Tinubu for appointing Oritsemeyiwa Eyesan as Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). In…
Petroleum regulators sacked over corruption allegations
By Sopuruchi Onwuka President Bola Ahmed Tinubu has removed the heads of Nigeria’s two key petroleum regulators, ordering the immediate exit of Engr Ahmed Farouk, Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and Engr Gbenga…
Nigeria slammed with travel ban as US expands entry restrictions
By Ziggy Ojiegbe Nigeria has been placed under a partial travel ban by the United States as the Trump administration expands restrictions on entry into the country, citing security concerns, weak vetting systems, and rising political tensions. Under the new…
Oil falls below $60 as Ukraine ceasefire optimism eases supply fears
Sopuruchi Onwuka, with agency reports Oil prices fell below $60 per barrel on Tuesday, their lowest level since February 2021, as easing geopolitical tensions prompted investors to reassess supply risks. European gas prices followed the same trend, dropping below €27…
Ofuka calls for end to cocoa conflicts in Cross River
Ani Bassey Former Special Adviser to the Cross River State governor Senator Ben Ayade on Cocoa Development and Control Ntufam Dr. Oscar Ofuka, has appealed for an end to conflicts in the cocoa sector, urging parties to let God guide…
Falade to take helm at NLNG as Mshelbila bows out
Sopuruchi Onwuka The Board of Directors of Nigeria Liquefied Natural Gas (NLNG) Limited has appointed Engr. Adeleye Falade as the company’s next Managing Director, effective April 2026. The appointment was announced in a statement by NLNG’s spokesperson, Mrs Ann-Marie Palmer-Ikuku,…
