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Oil soars above $100/bbl over mix Iran war signals
Ziggy Ojiegbe Oil prices climbed sharply above $100 per barrel on March 24 as geopolitical tensions in the Middle East intensified, underscoring growing market anxiety despite signs of diplomatic engagement. The surge came just a day after the United States…
Uk, Nigeria sign landmark £746 million ports deal
Sopuruchi Onwuka The United Kingdom and Nigeria have signed a landmark £746 million ports redevelopment deal, marking one of the largest recent trade and investment partnerships between the two countries and signalling a major push to modernize Nigeria’s maritime infrastructure…
NCDMB, Edison finalize deal to boost Bayelsa tourism
Radisson brand anchors in Yenegoa Sopuruchi Onwuka Bayelsa State is poised for a significant boost in tourism, hospitality and business activities as plans progress for the commissioning of a Radisson-branded hotel developed by the Nigerian Content Development and Monitoring Board…
Trump’s threat: Iran says Strait of Hormuz accessible with coordination
Ziggy Ojiegbe Iran is ready to cooperate with the International Maritime Organization to improve maritime safety and protect seafarers in the Gulf, walking back from confrontation with the United States of America which gave 48 hours for the waterway to…
NSIA dairy deal to create 7,500 jobs, strengthen food supply
Sopuruchi Onwuka The Nigeria Sovereign Investment Authority (NSIA) has signed a Memorandum of Understanding (MoU) with UK‑based Asset Green Limited to develop an integrated dairy livestock production and processing platform in Nigeria. The partnership represents a major step toward transforming…
Oil crunch: Why price incentives cannot boost Nigeria’s output
Sopuruchi Onwuka Nigeria, Africa’s biggest oil producer and key member of OPEC, is often counted as a potential fallback supplier whenever global oil markets are shaken. But the prevailing supply crisis linked to tensions around Iran and the risk to…
NUPRC moves shortlisted bidders to data phase in 2025 licensing round
Sopuruchi Onwuka Data access centers have now been opened to pre-qualified bidders in Nigeria’s 2025 oil and gas licensing round, marking the transition into a more technical phase of the process. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) confirmed that,…
UK, Nigeria strengthen investment ties to create hundreds of new jobs
Bilateral trade at record £8.1 billion annually Sopuruchi Onwuka The United Kingdom and Nigeria have strengthened their economic ties with a series of major investment agreements, expected to create hundreds of new jobs in both countries. The announcements came during ministerial…
Iran opens Strait of Hormuz to non-American allies
Ziggy Ojiegbe Iran’s foreign minister announced that the Strait of Hormuz remains open to all vessels except those of the United States and its allies. The statement comes after President Trump threatened to strike Iranian oil facilities. Late Friday, the…
Iran suffers heavy blows but inflicts global economic pain
Ziggy Ojiegbe The Institute for the Study of War has declared that the US and Israeli military campaigns on Iran are right on target when it comes to firepower and core objectives to degrade Tehran’s military capabilities. The institute however…
