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In its latest economic outlook, the African Development Bank (AfDB) revised Africa’s 2025 growth forecast from 4.1% to 3.9%, citing rising US tariff uncertainties Although the...
The federal government has initiated a comprehensive review of its trade strategies in response to the recent imposition of a 14% tariff on Nigerian exports by...
Saudi Aramco, the world’s top oil exporter, seeks global investors for its $100 billion Jafurah gas project. If successful, Aramco will retain majority ownership of the...
President Bola Tinubu, on May 22, inaugurated the newly appointed board and executive management of the Nigerian National Petroleum Company Limited (NNPC). The swearing-in ceremony occurred...
The Dangote Petroleum Refinery and Petrochemicals said it will partner with Vinmar Group to bring its polypropylene to global markets. Dangote’s plan involves exporting polypropylene from...
Renaissance Africa Energy Company Limited unveiled a $15 billion investment into its oil fields in the Niger Delta region over the next five years. In addition,...
A recent Cybernews Business Digital Index analysis showed that 94% of the world’s top 400 oil and gas companies have suffered at least one data breach....
According to Mike Sangster, TotalEnergies’ Senior Vice President for Africa Exploration & Production, the company is preparing to begin offshore drilling in South Africa in 2026,...
The Central Bank of Nigeria (CBN) retained its Monetary Policy Rate at 27.50%, on May 20, marking its second consecutive hold in 2025. The CBN Governor...
Nigeria and China are set to boost trade ties through the 2025 edition of the China Commodities Expo-Nigeria. Over 250 Chinese manufacturers and more than 5,000...
