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Commerce and Industry

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…

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…

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…

OPEC+ adds barrels as Hormuz shipping impasse jolts oil markets

Sopuruchi Onwuka, with agency reports In response to the escalating shipping crisis at the Strait of Hormuz triggered by recent strikes on Iran, key members of the OPEC+ oil cartel have agreed to a modest increase in oil production, seeking…

NCDMB says capacity building targets full industry ecosystem

Builds health sector capacity with hi-tech equipment, simulators at BMU Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has declared that capacity building in the energy sector is conceived to create an enabling ecosystem that enhances optimization, operability…

WIEN, Women Affairs Ministry to collaborate on optimizing female capacity

Sopuruchi Onwuka The leading voice for gender equity in the energy sector, Women in Energy Network (WIEN) has entered partnership with the Ministry of Women Affairs and Social Development to advance women’s economic participation and access to healthier clean energy…

WIEN pushes reforms to break barriers for women in petroleum industry

Sopuruchi Onwuka Africa’s leading gender equity advocate, the Women in Energy Network (WIEN) has called for urgent structural reforms in Nigeria’s oil and gas industry, warning that systemic barriers continue to limit women’s participation in the workforce, leadership and enterprise…

2025 Licensing Round: NUPRC to end registration, applications Feb 27

Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared that registration and submission of applications for Pre-Qualification under the Nigeria 2025 Licensing Round closes at 4.30pm on 27 February 2026. The commission stated in a media release that…

Dangote flaunts fuel supply capacity, but price creates real gaps

Disproves government’s supply figures Sopuruchi Onwuka Private refinery behemoth, Dangote Industries Limited, has declared that it has optimized its plant processing operations, increasing fuel production capacity beyond perceived national peak daily demand. The company also stated that it now has…

Nigeria’s Jan oil output, price challenge 2026 budget assumptions

Sopuruchi Onwuka Nigeria’s crude oil production slipped in January, highlighting an early gap between actual performance and the more ambitious assumptions embedded in the 2026 federal budget. An analysis of the January production performance and average oil price in January…