Category: Business News
Business News
Heirs Energies amplifies Africa’s energy narrative, says Igiehon
By Oke Peter Heirs Energies, an integrated energy company, has reiterated its commitment to energy sufficiency for Africa at the U.S.–Africa Energy Forum and the Namibia International Oil & Gas Conference 2025. At both forums, Heirs Energies showcased its strategy of responsibly harnessing Africa’s vast natural resources to deliver energy security, drive industrialisation, and create…
Refinery scandal: EFCC retrieves ₦5bn, $10m, prepares charges against ex-NNPCL officials
Refinery scandal: EFCC retrieves ₦5bn, $10m, prepares charges against ex-NNPCL officials
Chevron reaffirms commitment to unlocking Nigeria’s energy potential
Swartz also expressed appreciation to the federal government for its efforts to reposition Nigeria’s oil and gas industry.
NNPC Ltd wins major legal battle, avoids ₦5 billion payout
The court found that the Federal High Court’s judgment was flawed, agreeing with NNPC Ltd.’s argument that the case was statute-barred
OPEC lifts 2026 oil demand view and trims supply growth from rivals
World oil demand will rise by 1.38 million barrels per day in 2026, the Organization of the Petroleum Exporting Countries said in a monthly report
NUPRC engages industry stakeholders to advance shallow and deepwater cluster development
Lagos — The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, is seeking to advance the development of Nigeria’s deep and shallow offshore fields towards making value of stranded and marginally economic such assets through cluster development mechanisms or arrangements. This formed the thrust of a strategic workshop held in keeping with its mandate as a business…
Nigerian designers set to showcase at Africa Fashion Week London 2025
LAGOS – Two Nigerian design houses are set to showcase their designs at the Africa Fashion Week London (AFWL) 2025, scheduled for August 9 – 10 at Space House, London. Henri Uduku and Black Fine and Fly will represent Nigeria’s fashion and design industry at one of the world’s most prestigious runways under the auspices…
Abdullahi Ramat becomes NERC’s new Chairman
Ramat, aged 39, has experience in engineering, public sector operations, and digital systems.
Africa Finance Corporation announces US$50 billion GDP boost and creation of 7 million jobs via scalable infrastructure model
*166 projects across 36 countries delivering real-world impact at scale *Climate-smart infrastructure avoiding annual 8.8 million tons of CO₂ emissions *Africa’s largest and fastest-growing renewable energy platform delivers 1.4 GW of clean electricity, and on track to reach 3 GW by 2030 By Oke Peter Lagos – Africa Finance Corporation, the continent’s leading infrastructure solutions…
Fire outbreak at Egbin Power Plant impacts TCN transformer
By Oke Peter The Transmission Company of Nigeria (TCN) wishes to inform the public of a fire incident that occurred at approximately 6:30 a.m. on August 5, 2025, at the Egbin Power Plc facility. The incident affected one of TCN’s critical assets — a 150MVA 330/132/33kV Inter-Bus Transformer II — located at the Egbin Transmission…