Skip to content
Nigeria delivers as Africa Energy Bank moves closer to launch
Sopuruchi Onwuka The Federal Government has said it has met all its obligations toward the establishment of the Africa Energy Bank (AEB), following the provision of a fully furnished headquarters in Abuja to enable the bank’s immediate take-off. The Minister…
IPPG urges Africa to shift from resource export to utilization
Sopuruchi Onwuka Independent crude oil and natural gas producing companies in Nigeria have called on African governments to urgently move away from inherited, export-focused petroleum models and instead design energy systems rooted in economic growth, industrial development, and national resilience….
PCTS calls for pan-industry collaboration on performance-based local content
Sopuruchi Onwuka International oil service contractors operating in Nigeria have called for stronger pan-industry collaboration to unlock full local capacity, improve efficiency, deepen technology transfer, and ensure consistent utilization of in-country investments across the petroleum sector. Chairman of the Petroleum…
Oil jumps as markets price in rising risk of US strike on Iran
Sopuruchi Onwuka Oil prices surged to around $71.50 per barrel on Thursday, the highest level since late September, as markets rapidly priced in the growing risk of direct US military action against Iran. Analysts say the speed of the rally…
NCDMB, Jake Riley train 250 youths in FAST Programme
Jeke Riley Limited on Monday churned out 250 industry-ready youths after monthlong intensive training program to equip them with full range of skills designed to enable them become self-reliant and contribute meaningfully to the industrial development of the country. The…
REA, Lotus Bank to launch dedicated renewable energy financing facility
Sopuruchi Onwuka The Rural Electrification Agency (REA) and Lotus Bank have agreed to deepen their collaboration on renewable energy financing in Nigeria, marking a shift from project-based support to a structured, large-scale funding framework. The decision followed a high-level meeting…
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…
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…
