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Leadway sustains support to Nigeria’s creative economy

By Rosemary Iwunze Leadway Assurance Company Limited has sustained its support for the growth of Nigeria’s creative industry, and small and medium enterprises (SMEs) with the sponsorship of the largest leather exhibition in Nigeria, the Lagos Leather Fair (LLF), for the fourth consecutive year. The Lagos Leather Fair, now in its ninth edition, is set to […]

NNPCL renews methane reduction deal with TotalEnergies

By Obas Esiedesa The Nigerian National Petroleum Company Limited (NNPC Ltd.) has renewed its partnership with TotalEnergies to continue the deployment of advanced methane detection technology across its upstream operations for an additional 24 months as part of efforts to reduce greenhouse gas emissions and meet its decarbonisation targets. The agreement extends the use of the […]

AfCFTA Fund won’t deliver exports without reforms — Freight forwarders

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 […]

Nigeria can raise oil output to 1.9m bpd — NUPRC

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 […]

Oil slumps to lowest price since US-Iran conflict

•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, […]

Shareholders of TotalEnergies fall victim of petrol price war

•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 […]

FG allocates 2 additional crude oil terminals to Swede Control Intertek

By Elizabeth Adegbesan The  Federal Government (FG) has allocated two additional crude oil export terminals to Swede Control Intertek Limited, one of the country’s pre-shipment inspection agents. The approval was announced in a statement signed by the Director of Trade and Exchange Department at the Central Bank of Nigeria (CBN), Aderinola Shonekan. According to the apex […]

Ugborodo : Oil rich Itsekiri community deep in crisis 

By Jimitota Onoyume , Assistant News Editor  Fear hangs in the salty air of Ugborodo, in the oil-rich Itsekiri community, also known as Excravos, in Warri South-West Local Government Area of Delta State, like a stubborn cloud that refuses to clear. Anxiety has gradually replaced the once familiar rhythm of communal life. For more than […]

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