Cooking Gas Dealers Urge Customers to Verify Refills, Address Concerns Over Alleged Underfilling. The Liquefied Petroleum Gas Retailers Association of Nigeria (LPGAR) has called on customers to actively monitor their gas refills amid concerns about alleged underfilling by some retailers. Responding to a recent report accusing LPG retailers of widespread malpractice, the association described the…
Senate passes MTEF, probes NNPCL over N8.4tn subsidy funds. As President Bola Tinubu prepares to present the 2025 budget to the National Assembly this week, the Senate, on Tuesday, gave its approval to the 2025–2027 Medium Term Expenditure Framework and Fiscal Strategy Paper submitted earlier by the President. This decision was based on the adoption…
Innovative Financing Key to Africa’s Maritime Development, Says NIMASA Chief Dr. Dayo Mobereola, the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), has called for innovative financing solutions to drive sustainable development across Africa’s maritime sector. Speaking at the 7th Association of African Maritime Administrations (AAMA) conference, Dr. Mobereola underscored the critical role…
TotalEnergies Nearing €2 Billion Deal for VSB Group: Report French energy giant TotalEnergies is reportedly close to acquiring Germany-based renewable energy developer VSB Group for approximately €2 billion ($2.10 billion), according to Bloomberg News. The deal would see TotalEnergies purchase VSB from private equity firm Partners Group. Both TotalEnergies and Partners Group declined to comment,…
China Bans Export of Critical Minerals to U.S. Amid Rising Trade Tensions China has announced a ban on exporting gallium, germanium, and antimony to the United States, citing national security concerns. The move, revealed by the Ministry of Commerce on Tuesday, is seen as a response to the U.S.’s recent tightening of restrictions on China’s…
OPEC+ Likely to Extend Oil Cuts into Q1 2025 Amid Market Challenges OPEC+ is expected to extend its current oil output cuts through the first quarter of 2025, according to sources familiar with the discussions. The decision, set to be finalized at Thursday’s meeting, aims to stabilize oil prices amid global demand uncertainties and increasing…
Port Harcourt Refinery Resumes Scaled Operations Amid Pricing Controversy The Port Harcourt Refining Company (PHRC) has resumed operations on a limited scale as part of ongoing facility upgrades, the company confirmed on Sunday. However, controversy brews as marketers resist purchasing fuel at the reported price of ₦1,030 per litre, citing concerns over affordability and market…
Saudi Arabia Poised to Cut January Crude Prices for Asia to Multi-Year Lows Top oil exporter Saudi Arabia is expected to slash its official selling prices (OSP) for crude oil in January for Asian buyers to the lowest levels in at least four years, according to industry traders. The anticipated reductions follow a decline in…
Experts Warn: Sugary Drinks Industry Fuels Climate Crisis and Health Risks The sugar-sweetened beverage (SSB) industry has been identified as a significant contributor to climate change, according to health and environmental experts who are calling for stronger measures to curb the industry’s impact. Speaking at a webinar organized by the Corporate Accountability and Public Participation…
African Nations Ramp Up Efforts to Attract Mining Investment for Economic Diversification Abidjan, Côte d’Ivoire – Across the continent, African countries are intensifying efforts to attract global mining investors as they seek to diversify their economies and tap into the wealth of mineral resources critical to global energy transitions. Côte d’Ivoire is currently hosting its…
