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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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