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West African Development Bank gets own office
Victor Nze West African Development Bank (BOAD) has inaugurated the new premises of its resident mission in Dakar, Senegal, marking another step in strengthening its integration within the Senegalese economy and the UEMOA region. BOAD was previously located at the…
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…
Shipping: MSC charts new route to bypass Strait of Hormuz
Frank Okon Global shipping is adjusting to rising instability in the Middle East, with Mediterranean Shipping Company (MSC) announcing a new Europe–Red Sea–Middle East express service aimed at keeping cargo moving while bypassing one of the world’s most volatile maritime…
Iran war: S.Korea canvasses accerlerated energy transition
Ziggy Ojiegbe South Korean President Lee Jae Myung has warned that the ongoing Iran war is exposing the dangers of global reliance on fossil fuels, urging an urgent shift toward renewable energy. Speaking at a town hall on Jeju Island,…
NUPRC backs high-stakes upstream investment forum at AOW:Energy 2026
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has endorsed a new investment platform focused on Nigeria’s upstream oil and gas sector, set to take place during AOW:Energy 2026 later this year. Organisers say the Nigerian Upstream Investment Forum…
Trump floats $750bn deal as Europe scrambles for LNG supplies
Sopuruchi Onwuka Tensions in global energy markets are intensifying as the United States moves to secure a major long-term supply arrangement with the European Union, offering a package of deals that could reach $750 billion through 2028. The proposal, which…
Chevron, parties sign deal on E. Guinea’s Aseng gas monetization project
Sopuruchi Onwuka Chevron and its partners have signed key agreements with the government of Equatorial Guinea to advance the Aseng Gas Monetization Project, marking a significant step toward developing the country’s gas resources. The deal, signed by Noble Energy EG…
Domestic refining space crowded as NNPC yet to finalize IJVs
Board tinkers with new purpose for KRPC Sopuruchi Onwuka Nigerian National Petroleum Company (NNPC) Limited may be determined to reinvent some of the operated public sector refineries but it is evidently meticulous and detailed in evolving processes that transcend viable…
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…
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…
