An Abuja High Court sitting in the Federal Capital Territory (FCT) has declared as null and void the arbitration proceedings initiated against Aiteo Eastern Exploration and Production Company Limited at …
Energy
- BusinessEconomyEnergyFinance & ServicesOil & Gas
- EconomyEnergyInfrastructureINVESTMENTOil & GasTrade and Commerce
$15bn 500,000 BPD Refinery, Free Trade Zone Set for Ondo as BINL
The Nigerian petroleum downstream sector is set to witness another major milestone as Backbone Infrastructure Nigeria Limited (BINL) has announced plans to construct a $15 billion refinery with a capacity …
- EconomyEnergyInternational RelationsINVESTMENTZAMBIA
World Bank Urges Zambia to Boost Copper, Cobalt Production
The World Bank has advised the Zambian government to step up its efforts in the production of energy transition metals like copper, cobalt, and manganese, saying this is the key …
The Tanzanian government has promised full support to the State Mining Corporation (STAMICO) in its push to provide clean, affordable cooking energy to the people. The move is aimed at …
- EconomyEnergyInfrastructureInternational RelationsINVESTMENTMALAWI
Malawi Secures $12 Billion in Mining, Infrastructure Deals with China
Malawi has signed investment agreements worth over $12 billion with Chinese firms, signaling a major boost in the country’s mining and infrastructure sectors. The deals, which include the largest foreign …
- BusinessDangote IndustriesEconomyEnergyMarketsNigeriaOil & Gas
Petrol Prices Drop Below N900 Across South-West
Fuel prices at filling stations across Lagos and Ogun States have started falling below the N900 per litre mark following a N40 reduction in ex-depot prices by Dangote Petroleum Refinery. …
- EconomyEnergyGOVERNMENTInfrastructureInternational RelationsNigeriaTechnology
FG Unveils $150,000 Solar Testing Centre to Tackle Substandard Products
The Federal Government has commissioned Nigeria’s first Mini-grid Simulation and Standardisation Centre, a $150,000 facility aimed at regulating the quality of solar components and promoting local manufacturing of renewable energy …
- DevelopmentEconomyEnergyEnvironmentGOVERNMENTNigeriaOil & GasPolicies
NUPRC Generates N28.11bn from Oil Licence Fees in Five Months
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has generated a total of N28.11 billion in miscellaneous oil revenue between January and May 2025. This amount, which was fully remitted to …
- DevelopmentEconomyFinance & ServicesGOVERNMENTInternational RelationsOil & Gas
IMF hails CBN’s reforms, warns Nigeria to adjust 2025 budget over oil revenue
The International Monetary Fund (IMF) has praised the Central Bank of Nigeria (CBN) for the bold reforms it introduced to stabilise the economy, but warned that Nigeria may exceed its …
- DevelopmentEnergyEnvironmentInfrastructureInternational RelationsPolitics
Ethiopia Completes Blue Nile Mega Dam Amid Regional Tensions
Ethiopian Prime Minister Abiy Ahmed has announced that the long-awaited Grand Ethiopian Renaissance Dam (GERD) on the Blue Nile River is now fully completed. He made this known on Thursday …