OPEC Trims 2026 Oil Demand Forecast Amid Iran War and Hormuz Closure
OPEC on Wednesday lowered its forecast for global oil demand growth in 2026, joining other forecasters such as the International Energy Agency in cutting expectations due to the Iran war….
Global oil supply to plunge below demand this year due to Iran war- IEA says
Global oil supply will fall short of total demand this year as the Iran war wreaks havoc on Middle East oil production and drains inventories at an unprecedented pace, the…
In London, Obi meets UK business leaders, advocates stronger support for MSMEs
Presidential hopeful of the National Democratic Congress (NDC), Mr. Peter Obi, has reiterated the critical role of micro, small, and medium-sized enterprises (MSMEs) in driving Nigeria’s economic growth and…
23 ships discharge petroleum products, others in Lagos ports – NPA
A total of 23 ships are discharging petroleum products and other commodities at Apapa, Lekki and Tin-Can Island ports in Lagos, according to the Nigerian Ports Authority (NPA) on Tuesday…
We’re here to deliver long-term value – Elumelu, as Transcorp declares N20bn dividend
Transnational Corporation Plc (“Transcorp Group” or the “Company”) (NGX: TRANSCORP), Africa’s leading listed conglomerate with strategic investments in power, hospitality and energy, recently declared a total dividend of ₦20,323,995,148, representing…
Africa’s richest man Dangote eyes Kenya for new refinery – FT reports
Nigerian billionaire Aliko Dangote is looking at Kenya as the site of a 650,000-barrel-a-day oil refinery that he intends to build in East Africa, the Financial Times reported on Sunday,…
PEBEC begins Lagos port corridor clean-up May 14
Nigeria’s Presidential Enabling Business Environment Council (PEBEC) will begin a two-day clean-up and enforcement operation along the Lagos port corridor on May 14, targeting chronic congestion and traffic bottlenecks around…
Amid xenophobia, South Africa’s Multichoice still looks to Nigeria for profitability
Multichoice has not been a responsible corporate in Nigeria with its operations fraught with opacity on number of subscribers, tax evasion and data abuse bordering on breach of privacy law….
UNICCON unveils indigenous combat drone
UNICCON Group says it has developed Africa’s first indigenous loitering munition drone through its subsidiary, Babasky Technologies. The company said the project was delivered in partnership with Defence Industries Corporation…
Lagos ports receive 16 vessels, expect 34 more
No fewer than 16 ships have berthed at Lagos ports, awaiting discharge of petroleum products, fertiliser, gas and other bulk cargoes. The vessels are currently at Lekki, Tin Can Island…