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Economy

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…

NCDMB’s 204 room Radisson Hotel and Conference center ready by December

Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) is working with key private sector partners to commission a 204-room hotel and conference center near its headquarters in Yenegoa, Bayelsa State. The agency which is currently developing capacity for…

Iran war shakes oil market as Dangote hikes prices

Sopuruchi Onwuka Global commodity marks entered panic mode on Monday when parties to the ongoing Iran war took hard lines as Iran launched attacks on merchant vessels passing through the Strait of Hormuz. The threat to global merchant ships and…

NCDMB deploys technical team to enforce NCD law in downstream oil sector

 Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has deployed a five-directorate technical team to deepen compliance enforcement in Nigeria’s downstream petroleum industry, warning operators to fully comply with the Nigerian Oil and Gas Industry Content Development (NOGICD)…

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…

CBN’s MPR: Separating optics from impacts

Sopuruchi Onwuka The recent decision by the Central Bank of Nigeria (CBN) to cut interest rates by 50 basis points to 26.5 percent raises harder questions about how the official economic indicators connect with the palpable situation on ground. According…