Nigeria’s crude oil production rose to 1.459 million barrels per day, bpd, in January 2026, according to data submitted by the country to the Organisation of the Petroleum Exporting Countries, …
EnergyNewsOil & Gas
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News
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EnergyEnergy SectorLagos NewsNewsOil & Gas
Dangote Refinery Hits 650,000 bpd as CDU, PMS Units Reach Full Capacity
Dangote Petroleum Refinery has announced that it has reached a major operational milestone with the full restoration and optimisation of its Crude Distillation Unit, CDU, and Motor Spirit, MS, production …
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Members of the Senate Committee on Appropriations have called for the full removal of electricity subsidy, arguing that it has become an unsustainable burden on public finances and a major …
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AFRICA NEWSNewsTechnologyTelecommunications
Ethio telecom, Djibouti Telecom, and Sudatel Group Sign Tripartite Agreement
In a historic move set to transform digital connectivity across East Africa, Ethio Telecom, Djibouti Telecom, and Sudatel Group yesterday signed a tripartite agreement under the Horizon Fiber Initiative, establishing …
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AfricaAFRICA NEWSEntrepreneurshipNews
Alakija’s Flourish Africa Provides N300m Grants for Women Entrepreneurs
Flourish Africa, a women-focused empowerment initiative founded by Apostle Folorunsho Alakija, has disbursed N300 million in grants to women entrepreneurs across Nigeria following a nationwide training and business pitch programme. …
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AfricaAFRICA NEWSNewsTechnologyTelecommunications
North Africa’s 5G connectivity spikes as rest of continent lags behind
North African countries are rapidly pulling ahead in the race for fifth-generation (5G) connectivity, creating a Mediterranean digital corridor that is setting the pace for the rest of the continent. …
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Bitcoin, Ethereum and other major cryptocurrencies have extended their sharp decline, with market watchers cautioning that the turbulence may not be over yet. Bitcoin, the world’s largest cryptocurrency by market …
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Nearly half a trillion dollars has been erased from the global cryptocurrency market in less than a week, as an aggressive selloff led by Bitcoin rattles digital asset investors. Data …
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Nigeria lost an estimated $77.7 billion to trade-related illicit financial flows (IFFs) between 2013 and 2022, according to a new report released by Global Financial Integrity (GFI), a United States-based …
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By a strategic boardroom move seen as strengthening investor confidence, Africa’s foremost industrialist, Aliko Dangote, has appointed Zimbabwean business leader and MTN Group President/CEO, Ralph Mupita, to the board of …