The United Arab Emirates has announced it is withdrawing from OPEC and the broader OPEC+. According to Reuters, UAE withdrawal is a significant setback to the oil-producing bloc and its de facto leader, Saudi Arabia, at a time when the ongoing Iran war has triggered a major global energy shock. The departure of the UAE,…
“Nigeria has not financed any major power generating plant in 11 years after government scrapped key risk guarantees that once attracted global investors.” That’s the Chairman of Geometric Power Group, Prof. Barth Nnaji. Nnaji stated this Monday in Lagos at the ongoing 19th Annual Conference of the Nigerian Association for Energy Economics (NAEE), under the…
Photo: Aliko Dangote Dangote Petroleum Refinery & Petrochemicals is hoping to raise up to $5 billion from investors across Africa through its initial public offering on the Nigerian Exchange Group (NGX) The share sale is expected to open as early as May, with analysts valuing the company between $40 billion and $50 billion, making it…
UN Trade and Development UNCTAD says that Strait of Hormuz disruptions has started weakening developing country currencies. UNCTAD, in its monitoring of changes in exchange rates against the dollar since the start of the military escalation (28 Feb 2026) till March 26, also said that the closure of the shipping line have started weakening global…
Image: Dr Jumoke Oduwole, Minister of Industry Trade and Investment The recent surge in global fuel prices, driven by geopolitical tensions, is compounding Nigerian manufacturers challenges, prompting their call for urgent government intervention to cushion the impact on small and medium enterprises and other critical sectors. Making the calls are the Managing Director/CEO of Coleman…
Nigeria’s Presidential hopeful under the African Democratic Party (ADC) Peter Obi, has said Nigeria’s recurring vulnerability to global economic shocks, particularly in the energy sector, is a direct consequence of poor planning and the absence of strategic buffers. Obi made the observation in a post on Friday while reacting to the recent increase in fuel…
A strong domestic refining base is fundamental to building a resilient, energy-secure and sovereign economy. It is also critical for job creation, foreign exchange conservation, macroeconomic stability and the development of export-oriented refining capacity.
A current example is his public dispute with Farouk Ahmed, CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
From Nigeria in first place is Joseph Sarwuan Tarka University (Energiv, €2000): Converting plastic waste into carbon nanotubes to enhance lithium-ion batteries;
This modest protection will provide the policy support needed for domestic refineries, such as Dangote Refinery and NNPCL refineries, and emerging modular refineries to thrive, restore Nigeria’s refining capacity, and reduce foreign exchange exposure
