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Economy

Dangote Refinery reaches 87% installed capacity in March

As debate rages over fuel pricing in Nigeria Sopuruchi Onwuka Nigeria’s largest refining facility, the Dangote Petroleum Refinery, reached 87 percent capacity utilization in March, marking its highest operational level since commencing production and signaling a major shift in efficiency…

Business Economy Energy

Nigeria’s 2025/26 licensing round unfolds Africa’s global energy role

Sopuruchi Onwuka Nigeria’s planned 2025/26 licensing round is shaping up to be one of the most closely watched upstream opportunities in recent years, both for the scale of assets expected and for what it signals about Africa’s evolving role in…

Oil prices rise after attacks hit Saudi energy infrastructure

Ziggy Ojiegbe Global oil prices climbed after attacks on Saudi Arabia’s energy infrastructure disrupted production and transport capacity, raising fresh concerns about supply in already tight markets. International benchmark Brent crude settled at $95.92 per barrel on Thursday, before jumping…

NCDMB to share Tony Attah’s insights on funding local content initiatives

Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has announced that Engr. Tony Attah, Managing Director of Renaissance Africa Energy Company Limited, will be the guest speaker at the next edition of the Nigerian Content Academy Lecture Series….

Business Commerce and Industry Economy Energy

UN exploring scalable solutions Africa’s food, energy security challenges

NNPC supporting refineries meet Africa’s fuel demand Sopuruchi Onwuka The Deputy Secretary-General of the United Nations, Amina Mohammed, has declared intention of the global body to prioritize scalable solutions for mitigating Africa’s food crisis. Ms Mohammed who led a delegation…

UAE hits back at Iran with targeted economic measures

Ziggy Ojiegbe The United Arab Emirates has launched a quiet but decisive economic response to repeated Iranian attacks on its industrial infrastructure, banning most Iranians from entering the country or transiting its airports while cracking down on networks linked to…

NUPRC says Nigeria has recovered oil output to 1.84m

Channels more oil revenue from NNPC slush funds to federal account Sopuruchi Onwuka Commission Chief Executive of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Mrs Oritsemeyiwa Eyesan, has declared that country has rebuilt available oil production capacity to some1.84 million…

Indonesia to accelerate biofuel production as oil price soars

Frank Okon Indonesia is accelerating biofuel production and renewable energy development as soaring global oil prices—driven by the Middle East conflict—expose the country’s heavy reliance on fossil fuels. President Prabowo Subianto said Jakarta is moving urgently to strengthen energy security,…

Business Economy Energy Industry & Commerce

NCDMB to drive high-impact Local Content delivery with NCCF overhaul

Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board has commenced a strategic overhaul of the Nigerian Content Consultative Forum, aimed at repositioning the platform to deliver more impactful outcomes in Nigeria’s oil and gas sector. The initiative was disclosed…

Capacity deficits that stall Nigeria’s energy export boom

By Sopuruchi Onwuka Expectations that Nigeria and other African oil and gas producers would benefit from rising global energy prices are facing a reality check. Capacity limits and delayed projects are holding back the gains many had predicted. The ongoing…