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Xenophobic attacks: AfCFTA under threat as Nigeria, S/Africa deepen diplomatic row over compensation for displaced Nigerians
Nigeria’s Minister of Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu Brewing diplomatic row between two of the continent’s biggest economies now threatens the world’s largest free trade agreement by number of countries, the African Continental Free Trade Agreement (AfCFTA) as Nigeria and…
Fiscal reforms sparked $50bn offshore investment wave – Avuru
Fiscal incentives for petroleum investments introduced by the administration of President Bola Ahmed Tinubu contributed to unlocking over $50 billion commitments from major international oil companies after nearly two decades of investment stagnation. Chairman of AA Holdings, Mr. Austin Avuru,…
PIC-FUEL: Nigeria’s decarbonization quest ignores homemade solutions
Sopuruchi Onwuka Nigeria’s search for solutions in sharpening a national climate agendum that targets decarbonization appears focused on blaming developed nations for failing to evolve ways of cleaning up petroleum energy for continued usage. And the country’s insistence that the…
Botswana, Tanzania, Nigeria initiate retaliatory action against South Africa over worsening xenophobic attacks
Amid ongoing anti-immigration protests and violent xenophobic attacks against African migrants residing in South Africa, the governments of Tanzania, Botswana and Nigeria have initiated process of retaliatory action on South Africa and its businesses located in their countries. It…
M/East conflict: Iran, Nigeria, others count losses
Nearly three weeks into the enforcement of a United States’ naval blockade in the Strait of Hormuz, restricting all ships originating from and entering Iranian ports, the Wall Street Journal (WSJ) has calculated that the development may be costing Iran…
Goldman Sachs lifts oil outlook as Hormuz disruption reshapes global markets
Goldman Sachs has sharply raised its oil price outlook for 2026, pointing to the prolonged disruption in the Strait of Hormuz as a defining shock to global energy markets. The bank now expects Brent crude to average $85 per barrel…
LNG Force Majeure! How Iran exports war pains across global economies
Sopuruchi Onwuka Iran’s missile strikes on Qatar’s gas infrastructure have delivered a systemic shock to global energy markets, exposing the vulnerability of domestic economies to external supply disruptions and triggering a renewed economic squeeze worldwide. The attacks, launched on March…
UN demands government’s response to Nigeria’s worsening humanitarian crisis
Sopuruchi Onwuka United Nation’s humanitarian office in Nigeria has stated that the current security crisis in the country is rapidly transcending regional and religious lines while spreading deadly conflicts across neighboring communities. The UN is now urging Nigerian federal and…
Seplat’s 300MMscfd ANOH Gas Project delivers first commercial gas
Sopuruchi Onwuka Seplat Energy Plc has announced the commencement of commercial operations at its long-awaited Asa North and Ohaji (ANOH) Gas Processing Plant, marking a major milestone for Nigeria’s domestic gas sector. The indigenous energy company, listed on the Nigerian…
Trump’s Greenland tariff threat deepens rift between Europe and the United States
Ziggy ojiegbe Donald Trump’s threat to impose new tariffs on European allies over their opposition to his proposed takeover of Greenland has sharply worsened relations between the United States and Europe, exposing growing mistrust within the transatlantic alliance. The US…
