Author: Ogochi Christian
Mr Wole Ogunsanya, Chairman of Petroleum Technology Association of Nigeria (PETAN), says African oil and gas firms are joining forces to tackle energy poverty.
Cardano (ADA) is advancing key upgrades, including the Leios scaling design targeting over 1,000 TPS, alongside ecosystem expansion through Bitcoin DeFi integration and the Midnight privacy chain.
Nigerian Breweries Plc says it is leveraging the backing of its majority shareholder, Heineken, to drive growth and strengthen its operations.
OPEC Crude Production Drops 7.9mbpd in March Crude oil production by the Organisation of the Petroleum Exporting Countries (OPEC) fell by around 7.9 million barrels per day (bpd) in March 2026 compared with February, due to disruptions caused by US-Israeli airstrikes on Iran and Iran’s retaliatory attacks across the region. In March, OPEC’s total output stood at about 20.79 million barrels per day (mbpd), according to the group’s latest Monthly Oil Market Report. The steepest production declines were recorded in Iraq, Saudi Arabia, the UAE and Kuwait. Iraq’s crude output dropped by roughly 2.56 million bpd to about 1.63 million…
Iran Puts Cost of War at $270 Billion The Iranian Government has on Tuesday estimated that the cost of the war launched by the United States (U.S.) and Israel since February is $270 billion. The government spokeswoman, Fatemeh Mohajerani, told the Russian state news agency RIA Novosti that the figure was a preliminary estimate. According to Mohajerani, the first step in putting a more complete figure on the extent of the reparations will be to evaluate damage to buildings. With this, the economic losses and lost tax revenues would be analysed. She said that the Iranian government would seek compensation…
Equities investors gained about N443 billion in the Nigerian stock market on Monday, reflecting continued positioning in growth and value stocks ahead of the first-quarter earnings release.
What World Bank Oil Import Advice Means for Nigerians Oil imports will boost consumer power through enhanced competition and remove the risk of a Nigerian cement industry playbook in which prices surge despite localised raw materials. The World Bank is not the enemy for saying that the Nigerian government should issue oil import licenses to boost competition in the critical segment. The advice came in contrast to Dangote Refinery’s expectation, a multibillion-dollar company that has been engaged in a long fight to stop oil imports into Nigeria since it became operational. What the World Bank is asking the government to…
Gold steadied around $4,650 per ounce on Tuesday after falling for two straight sessions, as investors focused on President Donald Trump’s threat to target Iranian civilian infrastructure unless his demands are met.
Hormuz Exposes Hidden Tech Chokepoint, Heightens Semiconductor, AI Infrastructure Risks A functional impairment of the Strait of Hormuz is rapidly emerging as a critical yet underappreciated risk to the global technology supply chain, with specialty materials such as helium now presenting a larger immediate threat to semiconductors and AI infrastructure than oil markets, according to GlobalData, a leading intelligence and productivity platform. Energy markets and policymakers have long focused on crude oil flows through the Gulf, but the latest disruption reveals a hidden chokepoint for the technology sector: the shipping and logistics routes that underpin access to noble gases and…
President Bola Tinubu has approved a N3.3 trillion payment plan to settle outstanding debts under the Presidential Power Sector Financial Reforms Programme.