Author: Ogochukwu Ndubuisi

Ripple (XRP) price increased slightly to $1.55 on Saturday, showing resilience after the Bitget exchange

The Nigerian Exchange (NGX) paused its 2-week rally on Friday, with profit-taking in First Holdco

Trump to Xi: China Helping Iran Is Unacceptable  US President Donald Trump made clear to Chinese President Xi Jinping that Chinese assistance to Iran is unacceptable, the US Ambassador to China has said. Ambassador David Perdue said on Friday that Trump delivered the message during candid talks at the White House this week. Perdue said Washington had warned Beijing weeks ago that any help to Iran — direct or indirect, including intelligence, parts or military equipment — would not be tolerated, and that Trump reiterated the position to Xi. He described the Trump-Xi meeting as open and candid, saying the…

Dangote To Fund $660m Fuel Pipeline Between Ethiopia And Djibouti Nigerian billionaire Aliko Dangote is helping to fund a new $660 million (£500 million) fuel pipeline between Ethiopia and Djibouti. The project, a joint venture between Ethiopian Investment Holdings and Dangote Group, was announced on Thursday during a visit by Ethiopian Prime Minister Abiy Ahmed to Djibouti, where he met with Djiboutian President Ismail Omar Guelleh and Aliko Dangote. According to a spokesperson for Prime Minister Abiy, the project will include a 120-kilometre (75-mile) refined petroleum products pipeline running from Damerjog port in Djibouti to a distribution facility in Dewele,…

NNPC Ltd Welcomes $800m Ima Gas Final Investment Decision The Nigerian National Petroleum Company Limited (NNPC Ltd) has welcomed the $800 million Final Investment Decision (FID) on the Ima Gas Project, describing it as a landmark development that affirms the growing viability of Nigeria’s upstream gas sector. The project, located offshore in OMLs 112 and 117 and developed by AMNI International in partnership with TotalEnergies, will produce about 300 million standard cubic feet of gas per day at peak. The output will supply critical feedgas to Nigeria LNG Limited in support of its Train 7 expansion, which will increase capacity…

MDGIF Attracts N1.6trn Private Investment for Domestic Gas Infrastructure The Midstream and Downstream Gas Infrastructure Fund (MDGIF) says it has leveraged N671 billion in public funds to attract N1.6 trillion in private investment into gas infrastructure projects nationwide. Mr Oluwole Adama, Executive Director of MDGIF, disclosed this at the 2026 Annual Conference of the Association of Energy Correspondents Abuja (AECAF) on Thursday in Abuja. Adama, represented by Mr Elvis Duruji, Director of Strategy, Research and Deal Origination, spoke on the theme, “Derisking Domestic Gas Infrastructure.” He said the fund had supported 31 projects and 205 infrastructure assets across the…

Nigeria Demands 2 Permanent UN Seats, Veto Powers for Africa Nigeria has demanded at least two permanent seats for Africa on the UN Security Council, with veto powers for as long as the privilege exists. Vice-President Kashim Shettima made the demand while delivering President Bola Tinubu’s national statement at the 81st UN General Assembly in New York. He also demanded five non-permanent seats for Africa, in line with the continent’s longstanding common position on reforming the Security Council. Shettima said the Council’s present configuration no longer reflected contemporary geopolitical realities and weakened the legitimacy of global decision-making. “The world…

The Nigerian naira closed relatively flat at N1,328 per US dollar in the foreign exchange market

The Ogun House of Assembly on Thursday passed the Medium-Term Expenditure Framework

Tinubu Pledges Policy Stability as Ogun Attracts $7bn Investment President Bola Tinubu has assured domestic and foreign investors of regulatory clarity, policy stability and a predictable business environment for long-term investments. Tinubu gave the assurance in Paris during the signing of Memoranda of Understanding between Ogun government and DP World. The agreements cover the Ogun State Blue Marine Special Economic Zone and Gateway Deep Seaport, with proposed investments exceeding $7 billion. This is contained in a statement issued by Mr Bayo Onanuga, Presidential Spokesperson, on Thursday in Abuja. The President said the agreements represented a convergence of vision, expertise, capital…