By Cynthia Alo The Africa Association of Professional Freight Forwarders and Logistics of Nigeria, APFFLON, has warned that Nigeria may fail to reap the benefits of the African Continental Free Trade Area, AfCFTA, despite the Federal Government’s approval of a proposed $1 billion credit facility aimed at supporting exporters and businesses. The association said that although […]

By Obas Esiedesa The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has expressed confidence that Nigeria can increase crude oil production to 1.9 million barrels per day (bpd), following recent gains that saw the country attain a peak production level of 1.86 million bpd in May. The Commission Chief Executive of NUPRC, Mrs. Oritsemeyiwa Eyesan, disclosed this […]

•As cease fire deal eases supply fears By Yinka Kolawole,  with agency report   Oil prices fell sharply on Thursday, dropping to their lowest levels since the outbreak of the US-Iran conflict, as an interim agreement between the United States and Iran improved prospects for global crude supply. According to Reuters, Brent crude futures declined by $1.53, […]

•Wipes out profit, dividend By Peter Egwuatu TotalEnergies Marketing Nigeria Plc has attributed its decision not to pay a dividend for the financial year ended December 31, 2025, to the severe challenges that confronted the downstream petroleum industry during the year. The company reported a loss after tax of N13.853 billion in 2025, reversing the N27.496 […]

It said the aim of its request was to allow players “to adapt to the match conditions, complete their final training session, and finalize preparations”.