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Bearish sentiments rule oil market as OPEC+ agree to boost oil production
Sopuruchi Onwuka World’s biggest petroleum supply bloc, OPEC+, has announced decision to increase petroleum liquids output, a move that analysts fear would now mount downward pressure on the value of the commodity in the global market. The decision is expected…
Energy poverty: Afreximbank supports AEB with $19bn
Sopuruchi Onwuka Pan-African multilateral lender, African Development Bank (AfDB) has determined to stake princely N19 billion in the new Africa Energy Bank (AEB). The investment is conceived to boost energy access and drive economic prosperity in the continent. Nigerian Minister…
Axxela retains Gold Medal in 2025 EcoVadis Sustainability Rating
Sopuruchi Onwuka Leading gas and power portfolio company in sub-Saharan Africa, Axxela Limited, says it has retained Gold Medal in the 2025 EcoVadis Sustainability Rating, adding that the recognition reaffirms the brand’s position as a trailblazer in sustainable business practices….
Snake Island Port committed to lead regional economic growth
Sopuruchi Onwuka The Snake Island Port has restated its commitment to continue championing realization of government’s prime economic aspirations in the maritime sector by providing congenial environment and enabling facilities to drive investments and promote international trade. The port is…
NCDMB unveils criteria for Nigerian Content Awards
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has rolled out the objectiveevaluation metricsthat will guide selection of corporate and individual entities for conferment with the Nigerian Content Awards scheduled to hold later in the month. According to…
Seplat Energy JV flags off 2025 Eye Can See Programme in Imo
Indigenous energy company, Seplat, says it has flagged off the 2025 edition of its flagship healthcare initiative, ‘Eye Can See’, in Owerri, the Imo State capital. The company stated in a media release that the programme which is driven with…
UK’s Manufacturing Africa, TLG Capital partner to boost manufacturing Investment in Nigeria
Sopuruchi Onwuka Manufacturing Africa (MA), one of the UK’s flagship economic development programmes for Africa, has reached a strategic partnership agreement with London-based TLG Capital to strengthen and improve the eligibility of Nigerian manufacturing companies to raise capital through TLG’s…
Nigeria in fiscal chaos as oil price crash looms
Sopuruchi Onwuka Nigeria’s fiscal projections in the immediate to medium term remain vulnerable to changes in the fortune of petroleum liquids in the global commodity markets as analysts insist that the nation’s major export commodity, petroleum, will continue to suffer…
Fears of private monopoly returns as Dangote mulls fuel retail business
Sopuruchi Onwuka Players in the domestic fuel who market have raised concerns over direct loading of tankers at the Dangote Refinery in Lagos are no longer lone wailers in the market as the Africa’s biggest private refiner is said to…
Would prevailing changes push Shell’s SPDC divestment through?
Sopuruchi Onwuka With three parties from government and private sides sharing the Shell sentiment at discussion table with the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), pundits think that the emetging setting lays the stage for sanctioning of the lingering divestment…
