Oilserv Limited, the contractor handling the construction of the 614-kilometre Ajaokuta-Kaduna-Kano (AKK) gas pipeline, has confirmed that it has successfully crossed the River Niger — one of the most difficult …
Energy
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EconomyEnergyEnvironmentInfrastructurePolitics
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EconomyEnergyMarketsPoliticsSouth Africa
Global Shock as US Bombs Iran Nuclear Sites — Oil Prices, Inflation and Markets on Edge
The United States’ surprise decision to bomb nuclear enrichment facilities in Iran over the weekend has dramatically escalated tensions in the Middle East, triggering global market turmoil and raising alarm …
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AfricaAFRICA NEWSEnergyInternational RelationsSecurityTrade and Commerce
Mali and Russia Deepen Economic and Security Ties with New Cooperation Agreements
Mali and Russia have signed a series of new agreements aimed at boosting mutual trade, strengthening economic cooperation, and expanding their strategic alliance, particularly in the areas of energy and …
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EconomyEnergyNigeriaOil & GasPoliticsTransportation & Logisitics
Petrol Hits N945 in Abuja, N915 in Lagos as Depots
Petrol pump prices rose sharply across the country on Monday, with filling stations operated by the Nigerian National Petroleum Company Limited (NNPCL) adjusting their rates to N945 per litre in …
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The Government of Kenya has introduced a fresh set of rules to guide the development of its crude oil sector. These new regulations are expected to speed up the country’s …
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EconomyEnergyFinance & ServicesGOVERNMENTInfrastructureINVESTMENT
FG Revenue Hits N6.9tn in Four Months
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has said that President Bola Tinubu’s economic reforms have brought in N6.9 trillion in government revenue from …
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EconomyEnergyGOVERNMENTInfrastructurePoliciesTransportation & Logisitics
FG Signs $1.5bn Deal with World Bank to Tackle Infrastructure Challenges and Boost Economy
The Federal Government has signed a massive $1.5 billion (R27 billion) loan agreement with the World Bank to help address serious infrastructure problems that have slowed down Nigeria’s economic growth …
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DevelopmentEconomyEnergyInfrastructureOil & Gas
East African Crude Oil Pipeline Now 62% Complete, Project Set for June 2026 Launch
Construction of the East African Crude Oil Pipeline (EACOP) has now reached 62 percent completion, with officials confirming that the entire project will be ready by June 2026. This was …
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BusinessEconomyEnergyMarketsOil & GasPolitics
Fuel Price May Hit N1,000/Litre as Global Oil Prices Climb Amid US-Iran Tensions
Petrol prices in Nigeria could rise as high as N1,000 per litre in the coming weeks, as global crude oil markets respond to escalating geopolitical tensions in the Middle East, …
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AfricaDevelopmentEconomyEnergyEnvironmentOil & GasPolicies
Africa Must Unite to Develop Gas Resources, Says Minister Ekperikpe Ekpo
Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has called on African countries to unite and form a strong regional partnership to develop the continent’s vast natural gas …