Category: Business

Dangote refinery drives $3.74bn crude import shift

Nigeria imported $3.74 billion worth of crude oil in 2025 for processing at the Dangote...

Palm oil drove 20.7% surge in Malaysia’s 2025 exports to Nigeria

Malaysia’s exports to Nigeria increased by 20.7 per cent in 2025, reaching a total value...

EFCC returns N3.9bn recovered fraud proceeds to NNPCL

The Economic and Financial Crimes Commission on Wednesday handed over N3.9 billion in recovered proceeds...

Iran continues crude oil exports despite rising regional tensions

Iran has continued exporting crude oil through the Strait of Hormuz despite rising tensions in...

NNPC boosts crude supply to Dangote refinery as brent hits $108

The Nigerian National Petroleum Company Limited has stepped up efforts to maintain a steady supply...

Why petrol prices rise faster than they fall – MEMAN

The Major Energy Marketers Association of Nigeria has explained why petrol prices in the country...

Italy warns Russian tanker poses environmental threat

Italian authorities have sounded urgent alarms over a sanctioned Russian tanker carrying liquefied natural gas,...

Sri Lanka declares Wednesdays holidays to conserve fuel amid energy crisis

Sri Lanka has made every Wednesday a public holiday for government offices to help save...

Nigeria secures £746m UK deal to modernise seaport infrastructure

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced a £746 million financing...

Mastercard to acquire BVNK in $1.8bn stablecoin push

Mastercard has agreed to acquire stablecoin infrastructure firm BVNK in a deal worth up to...

Global energy markets shake as Middle East crude hits record high

Middle East crude benchmarks hit record highs, becoming the world’s most expensive oil, despite a...

Dangote seals $4.2bn gas deal with China’s GCL for Ethiopia fertilizer plant

Dangote Industries Limited and GCL Group, China’s leading private energy conglomerate, have formalized a landmark...