CATEGORY
Energy
EU Tentatively Agrees to Russian Oil Price Cap – Reuters
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The European Union has tentatively agreed on a $60 a barrel price cap on Russian seaborne oil, Reuters reported on Friday, citing sources. The...
NNPC Ltd, 2 Others to Develop Bauchi, Gombe Oil Blocks, Says Kilani
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By Abdulwaheed Olayinka Adubi, Kaduna
The Director Media and Publicity, Bola Ahmed Tinubu Presidential Support Committee (PSC), Kailani Muhamad, has disclosed that the newly discovered...
Africa Requires $190bn Annual Investments to Achieve Energy Goals
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Africa will require about $190bn worth of investments annually between 2026 and 2030 to meet its energy and climate goals to boost socio-economic prosperity...
Chevron to Resume Venezuela Oil Output as US Eases Sanctions
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The Biden administration granted Chevron Corp. a license to resume oil production in Venezuela after US sanctions halted all drilling activities almost three years...
German Gas Giant Seeks $53 billion Bailout – Reuters
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Berlin will have to come up with an extra €25 billion ($25.8 billion) to bail out the country’s largest gas importer Uniper, Reuters reported...
Fuel Queues Resurface In Lagos, Marketers Blame Depots
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Long Fuel queues resurfaced in Lagos on Tuesday as motorists spent hours at filling stations while waiting to buy the product.
The situation was worse...
Ghana Petrol Prices Hit N910 Per Litre
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Petrol prices in Ghana are on a tear, reaching multi-year highs of $1.282 per lite, equivalent to N910 per litre in Nigerian Naira. Nigerian...
Ararume Sues Buhari for ‘Unlawful Removal’ as NNPC Chair
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Former chairman, Senate Committee on Local and Foreign Debts, Ifeanyi Ararume, has slammed a N100 billion suit on the President, Major General Muhammadu Buhari...
Seplat Posts Bumper Q3 Profit Amid Challenging Environment
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Seplat Energy Plc reported third quarter profit that beat analysts’ expectations even amid a challenging environment as key export routes were unavailable because of...
Saudi Crown Prince ‘Mocks’ US President Biden in Private – WSJ
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US-Saudi relations are “fracturing” due to the dislike and distrust between President Joe Biden and Crown Prince Mohammed bin Salman, the Wall Street Journal reported on...