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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…
NLNG awards ₦250m to 51 entrepreneurs at 2026 VIBES Pitch-a-Thon
Ziggy Ojiegbe Nigeria Liquefied Natural Gas Limited has awarded ₦250 million in grants to 51 entrepreneurs following the conclusion of its 2026 Vocational Innovation and Business Empowerment Scheme (VIBES). The beneficiaries emerged from a pool of 103 participants drawn from…
AOW:Energy 2026: NCDMB partnership to boost African energy development
Sopuruchi Onwuka Participation of the Nigerian Content Development and Monitoring Board (NCDMB) in the upcoming AOW:Energy 2026 will advance key priorities shaping the continent’s energy future, the organizers have declared. According to a media available to Oracle Intelligence, the participation…
Nigeria–Morocco $25bn gas pipeline set for multilateral backing
WAPCO declares infrastructure readiness for extension A major trans-African energy project, the Nigeria–Morocco gas pipeline, is moving closer to reality as plans advance to secure multilateral endorsement and finalize a key intergovernmental agreement this year. The project known as the…
Dangote courts global lenders to boost infrastructure investment
Sopuruchi Onwuka President and Chief Executive of the Dangote Group, Aliko Dangote, has stepped up engagement with global financial institutions, seeking to attract investment into Nigeria’s infrastructure and industrial sectors. Speaking at the launch of the World Bank’s “Water Forward”…
UN warns Hormuz disruption could trigger global food crisis
Ziggy Ojiegbe The United Nations has warned that ongoing disruptions in the Strait of Hormuz could trigger a global food crisis, as constrained flows of fuel and fertilizers threaten agricultural production and raise the risk of higher food prices worldwide….
U.S. Naval Forces seize Strait of Hormuz as Europe scrambles support
Ziggy Ojiegbe U.S. naval forces have effectively assumed control of the Strait of Hormuz following the collapse of nuclear negotiations with Iran, in a move that is rapidly reshaping security dynamics across one of the world’s most critical energy corridors….
Oil chiefs demand Trump to reject Iran’s toll on Hormuz
Ziggy Ojiegbe Senior oil industry executives have reportedly urged the administration of Donald Trump to oppose Iran’s proposal to impose tolls on vessels passing through the Strait of Hormuz, a critical global energy corridor. According to U.S. media reports, executives…
