By Udeme Akpan, Energy Editor Nigeria is poised for a major oil revenue boost but faces renewed pressure on fuel prices, inflation and operating costs as escalating hostilities between the United States and Iran push crude prices above $100 per barrel. Latest market data showed that the Organisation of Petroleum Exporting Countries Basket, including Nigeria’s […]

By Udeme Akpan The Dangote Petroleum Refinery and Petrochemicals posted a profit after tax of about N2.55 trillion ($1.82 billion) in the first half of 2026, marking a sharp turnaround in the financial performance of the 700,000 barrels-per-day facility. The results, contained in the prospectus for the refinery’s planned Initial Public Offering, IPO, showed revenue […]

The price of Brent North Sea oil, the international benchmark, topped $100 a barrel on Wednesday for the first time since the end of July, as fresh flare-ups in the Middle East war stoked supply concerns.

ABUJA — A total of 422 applicants were successfully processed and enrolled on the second day of the Special Passport Intervention Exercise in the United Kingdom. The exercise, being conducted at passport centres in London and Manchester, continued smoothly on Tuesday, with officials attending to applicants as scheduled. The authorities said passports produced for applicants […]

Britain, France and Canada have said they will ban imports from Israeli settlements in the West Bank, with a UK minister accusing Israel of “ethnic cleansing”