Oil Prices Decline Amid Trade War Concerns, But Maintain Weekly Gains Oil prices slipped on Friday, March 28, 2025, as concerns over US tariff wars and a potential global recession weighed on market sentiment. However, prices still managed to record a third consecutive week of gains, driven by Washington’s increased pressure on OPEC members Venezuela…
TREXM Holdings Launches CSR Initiative to Empower 100 Nigerian Students TREXM Holdings is making a bold commitment to the future of Nigeria’s youth through a transformative corporate social responsibility (CSR) initiative focused on education and career development. Empowering Students Through STEM and Career Development Recently, TREXM Holdings launched an inspiring program at Shining Light Beach…
Nigeria’s Power Sector Faces $8.84m Debt from International Customers – NERC Report Nigeria’s electricity sector is grappling with mounting unpaid debts as international customers owe the country $8.84 million for power supplied in the fourth quarter of 2024, according to the latest report from the Nigerian Electricity Regulatory Commission (NERC). The report reveals that six…
NNPC-SNEPCO donate vehicles, ambulance to boost security, healthcare in Lagos The Nigerian National Petroleum Company Ltd (NNPC) and Shell Nigeria Exploration and Production Company Ltd (SNEPCo) today donated vehicles including a specialised ambulance in support of security and health services in Lagos State. The Lagos State Security Trust Fund (LSSTF) received two vehicles while an…
Dangote Polypropylene Production Set to Revive Textile Industry and Save Nigeria $267 Million, Claims MAN Lagos, Nigeria – The Manufacturers Association of Nigeria (MAN) has announced a transformative development that is expected to revitalize the country’s once-thriving textile industry. In a detailed interview on the Channels Business Incorporated Programme, Segun Kadir-Ajayi, Director-General of MAN, revealed…
NIMC Cracks Down on Unauthorized Printing of NIN Cards Lagos, Nigeria – The National Identity Management Commission (NIMC) has issued a stern warning against the indiscriminate and unauthorized printing of NIN cards by unscrupulous individuals, cyber cafes, and certain organizations. The commission has made it clear that no entity other than itself is authorized to…
NERC Announces ₦509.84bn Revenue Collection by DisCos in Q4 2024 Abuja, Nigeria – In its much-anticipated quarterly report for 2024, the Nigerian Electricity Regulatory Commission (NERC) revealed that electricity distribution companies (DisCos) in the country collected a total revenue of ₦509.84 billion in the fourth quarter. This figure represents a significant portion of the ₦658.40…
Seplat Energy Drives Gender Equity in STEM at SPEWLLS 2025 Lagos, Nigeria – In a landmark event that underscored the transformative power of inclusivity in the energy sector, Seplat Energy has taken center stage at the Society of Petroleum Engineers Women Leadership Lecture Series (SPEWLLS) 2025. Held on March 21 at the prestigious Capital Club…
US Imports Over 2 Million Barrels of Jet Fuel from Dangote Refinery Washington, D.C. – In a remarkable demonstration of Nigeria’s rising influence in global energy markets, the United States has imported more than two million barrels of jet fuel from the Dangote Petroleum Refinery & Petrochemicals during March. This historic milestone is being hailed…
Global Renewable Energy Surge: Nations Amplify Climate Targets Ahead of 2035 LONDON, UK – A compelling new report has revealed a significant global push towards renewable energy, as nations worldwide submit their updated Nationally Determined Contributions (NDC 3.0) in anticipation of the 2035 climate goals. Conducted by 350.org in collaboration with Zero Carbon Analytics, the…
