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Oil and Gas

Iran drones hit Kuwait refinery amid Middle East war

Firefighters battled a fresh blaze at Kuwait’s Mina Al-Ahmadi oil refinery on Friday following another Iranian drone attack. This occurred as millions in Iran marked the Persian New Year, Nowruz, with subdued celebrations amid the ongoing war. European leaders called on Thursday for an end to attacks targeting Gulf energy infrastructure. Despite this, Kuwait reported […]

Private power supply costs N750/kWh, says Minister Adelabu
Electricity

Adelabu assures Nigerians of improved electricity supply soon

The Minister of Power, Adebayo Adelabu, has assured Nigerians of imminent improvements in electricity supply as the Federal Government intensifies efforts to tackle persistent gas constraints hindering power generation. Adelabu conveyed this assurance in his Eid-el-Fitr message on Thursday. He highlighted that recent government interventions are starting to address the longstanding gas supply challenges that […]

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Tinubu arrives Lagos for Eid-el-Fitr celebration

President Bola Tinubu early on Friday arrived in Lagos, after a two-day historic visit to the United Kingdom. He will join other Muslim faithful later in the day to mark the celebration of Eid-el-Fitr. According to a press release issued by the Special Adviser to the President, (Information & Strategy), Bayo Onanuga, the President and […]

Energy

IEA urges work from home as global energy crisis deepens

The International Energy Agency has called on people to work from home as the escalating conflict in Iran worsens the global energy crisis. The agency said commuting should be reduced where possible, warning that the worldwide energy shock is becoming “increasingly severe.” It also outlined a 10-point action plan, saying the measures could be quickly […]

MMA2 hikes parking, VIP lounge fees
Aviation

MMA2 to go cashless at parking facility from Monday

Murtala Mohammed Airport Terminal 2 has announced that its multi-storey car park will transition to a cashless payment system beginning Monday, March 23. The announcement was shared on the terminal’s official X account on Thursday. According to the statement, the new system is designed to make parking faster, smoother, and more convenient for travelers and […]

Tech

Cloudflare warns bots could surpass human web traffic by 2027

Cloudflare Chief Executive Officer Matthew Prince has warned that bots are rapidly reshaping internet traffic patterns and could surpass human activity online by 2027. Speaking at the SXSW in Austin this week, Prince said the acceleration of artificial intelligence is driving a major shift in how the web is used. He explained that AI-powered bots […]

OpenAI unveils GPT-5 amid rising industry investment
Tech

OpenAI to unify AI tools in new desktop super app strategy

OpenAI is planning to merge its web browser, ChatGPT app, and Codex coding tool into a single desktop “super app.” According to a spokesperson, OpenAI CEO of Applications Fidji Simo will lead the initiative with support from President Greg Brockman, CNBC reported. The unified app is designed to streamline the user experience and reduce product […]

Opay, Piggyvest, others rank among CNBC's world's top 300 fintechs
Business

Regulators, banks, fintechs to tackle digital commerce trends 

Regulators, banks, and fintech operators will gather at the third edition of the Payments Forum Nigeria to explore emerging trends in digital commerce, including the growing impact of artificial intelligence and financial inclusion on Nigeria’s payments ecosystem. Scheduled for Friday, 24 April 2026 at the Oriental Hotel, PAFON 3.0 is expected to host over 600 […]

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Adelabu assures improved power supply as government tackles gas shortage

The Minister of Power, Adebayo Adelabu, has assured that Nigerians will soon experience improved electricity supply as the Federal Government works to resolve gas shortages affecting power generation. In his Eid-el-Fitr message on Thursday, he said recent government interventions are beginning to ease long-standing gas supply constraints that have hindered electricity output nationwide. He added […]

Investment

UK-Nigeria seal new export deals during Tinubu’s historic visit

The United Kingdom and Nigeria have sealed new export agreements as both countries committed to elevating their economic partnership. UK Prime Minister Keir Starmer announced the development on Thursday during a bilateral meeting with President Bola Tinubu at 10 Downing Street. The meeting took place on the second day of President Tinubu’s historic state visit […]

featured Oil and Gas

Nigeria spent ₦8.96tn on petrol imports in 2025 — NBS

Nigeria’s dependence on imported petrol continued throughout 2025, as oil marketers spent N8.96 trillion on Premium Motor Spirit imports from January to December, despite growing investments in local refining capacity. An analysis of the latest foreign trade data released by the National Bureau of Statistics on Thursday revealed that petrol, classified as “Motor spirit ordinary,” […]