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Nigeria Eyes $2 Billion Chinese Loan to Power Up ‘Super Grid’ — Adelabu Reveals

By Abiola Olawale Nigeria is negotiating a $2 billion loan from China's Export-Import Bank to construct a "super grid" to ease the country’s power shortages. This was made known by the Minister of Power, Adebayo Adelabu, at the Nigerian Economic Summit in Abuja. The Minister said the loan, when approved, would be used to dismantle…

Oil Prices Edge Higher After Steep Two-Day Selloff

Oil prices recovered slightly in early Asian trading on Wednesday after two straight sessions of steep declines, as traders weighed the prospect of a larger OPEC+ output increase against signs of tighter U.S. crude inventories. At the time of writing, Brent futures for December delivery had climbed to $66.17 while WTI was trading at $62.50, up 0.21% on the…

Oil Prices Set for Second Week of Gains

Crude oil prices were on course to close a second week of gains in a row despite declines earlier in the week on persistent worry about oversupply, despite the continued drone attacks of Ukrainian forces on Russian refineries. At the time of writing, Brent crude was trading at $67.40 per barrel, with West Texas Intermediate changing hands for $63.49…

How Dangote refinery’s exports altered dynamics in global fuel trade

By Obinna Uballa Nigeria’s Dangote refinery has entered the global spotlight with its first shipments of petrol to the United States, underscoring the facility’s potential to reshape international fuel flows, even as African leaders press for stronger regional collaboration on energy security. Vessel-tracking data showed that top trader Vitol and US distributor Sunoco took delivery…

How our Refinery ended Nigeria’s 50-year fuel queue crisis – Dangote Boasts

By Abiola Olawale Africa's richest man and President/Chief Executive, Dangote Petroleum Refinery, Aliko Dangote, has declared an end to what he described as Nigeria's decades-long nightmare of fuel queues. This is as Dangote maintained that his $20 billion mega-refinery, operational since September 3, 2024, has transformed the nation's energy landscape, eliminating chronic shortages that plagued…

Oritsemeyin’s license revocation, a clear warning to oil operators – expert

By Obinna Uballa The Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) revocation of the Oritsemeyin drilling rig’s operating licence is a wake-up call to upstream operators to tighten compliance with safety and operational standards, according to oil and gas consultant Dr. Maurice Ibe. Ibe, Group Executive Chairman of Benham Group, said the decision underscored the regulator’s…

Trump Calls on G7 to Slap Tariffs on China and India for Importing Russian Oil

President Donald Trump has urged U.S. partner countries in the G7 group to impose tariffs on China and India in punishment for their continued energy trade with Russia, the Financial Times has reported, noting it is Trump’s belief that such a course of action would speed up the end of the Ukraine war. The report said…

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Nigeria Eyes $2 Billion Chinese Loan to Power Up ‘Super Grid’ — Adelabu Reveals

By Abiola Olawale Nigeria is negotiating a $2 billion loan from China's Export-Import Bank to construct a "super grid" to ease the country’s power shortages. This was made known by the Minister of Power, Adebayo Adelabu, at the Nigerian Economic Summit in Abuja. The Minister said the loan, when approved, would be used to dismantle…

Oil Prices Edge Higher After Steep Two-Day Selloff

Oil prices recovered slightly in early Asian trading on Wednesday after two straight sessions of steep declines, as traders weighed the prospect of a larger OPEC+ output increase against signs of tighter U.S. crude inventories. At the time of writing, Brent futures for December delivery had climbed to $66.17 while WTI was trading at $62.50, up 0.21% on the…

Oil Prices Set for Second Week of Gains

Crude oil prices were on course to close a second week of gains in a row despite declines earlier in the week on persistent worry about oversupply, despite the continued drone attacks of Ukrainian forces on Russian refineries. At the time of writing, Brent crude was trading at $67.40 per barrel, with West Texas Intermediate changing hands for $63.49…

How Dangote refinery’s exports altered dynamics in global fuel trade

By Obinna Uballa Nigeria’s Dangote refinery has entered the global spotlight with its first shipments of petrol to the United States, underscoring the facility’s potential to reshape international fuel flows, even as African leaders press for stronger regional collaboration on energy security. Vessel-tracking data showed that top trader Vitol and US distributor Sunoco took delivery…

How our Refinery ended Nigeria’s 50-year fuel queue crisis – Dangote Boasts

By Abiola Olawale Africa's richest man and President/Chief Executive, Dangote Petroleum Refinery, Aliko Dangote, has declared an end to what he described as Nigeria's decades-long nightmare of fuel queues. This is as Dangote maintained that his $20 billion mega-refinery, operational since September 3, 2024, has transformed the nation's energy landscape, eliminating chronic shortages that plagued…

Oritsemeyin’s license revocation, a clear warning to oil operators – expert

By Obinna Uballa The Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) revocation of the Oritsemeyin drilling rig’s operating licence is a wake-up call to upstream operators to tighten compliance with safety and operational standards, according to oil and gas consultant Dr. Maurice Ibe. Ibe, Group Executive Chairman of Benham Group, said the decision underscored the regulator’s…

Trump Calls on G7 to Slap Tariffs on China and India for Importing Russian Oil

President Donald Trump has urged U.S. partner countries in the G7 group to impose tariffs on China and India in punishment for their continued energy trade with Russia, the Financial Times has reported, noting it is Trump’s belief that such a course of action would speed up the end of the Ukraine war. The report said…

Unlocking Opportunities in the Gulf of Guinea during UNGA80
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