Category : Search result: oil trading in Africa


OPEC Poised for Major Oil Production Increase

OPEC+ considers significant oil output hike as energy markets face mounting pressure from supply disruptions and geopolitical tensions. Key decisions expected in upcoming meeting.

Navy dismantles illegal refinery, arrests 7 in Ondo

In a major security operation, the Nigerian Navy has dismantled an illegal refinery and arrested seven individuals across multiple communities in Ondo State, dealing a significant blow to oil theft activities in the region.

10alytics Acquires Nebiant Analytics for AI Education

In a landmark move for African tech education, 10alytics has acquired Nebiant Analytics, creating a powerhouse dedicated to advancing data science and artificial intelligence skills across the continent.

Poland's $1.1B Africa Investment Drive Launched

Poland launches ambitious $1.1 billion investment initiative targeting African markets, with Nigeria positioned as key beneficiary. Strategic partnerships planned across multiple sectors.

Dangote's $1B Zimbabwe Industrial Complex Deal

Aliko Dangote announces groundbreaking $1 billion investment in Zimbabwe, featuring industrial complex and refinery expansion to transform Southern Africa's economic landscape.

Navy dismantles illegal oil refinery in Ondo

In a major crackdown on oil theft, the Nigerian Navy has raided and completely dismantled a sophisticated illegal refinery operation hidden within Ondo State's riverine communities.

Foreigners Face Court Over ₦12B Oil Theft in Nigeria

Nigeria's anti-graft agency EFCC has arraigned three foreign nationals and a vessel for allegedly stealing crude oil worth ₦12 billion. The shocking case reveals sophisticated oil theft operations in Nigerian maritime territory.

Africa Set to Dominate Global Carbon Trade Market

Presidential aide Ajuri Ngelale reveals Africa's strategic positioning to capture significant share of $3 trillion global carbon market, emphasizing Nigeria's leadership role in climate action and economic transformation.

Equinor's $251M Loss: Nigerian Oil Prices Plunge

Norwegian energy giant Equinor reports staggering $251 million quarterly loss as Nigerian crude prices tumble amid global market volatility. Discover how this impacts Africa's largest oil producer.

NGX Loses N91bn as Investors Cash Out

The Nigerian Exchange witnessed significant profit-taking activities this week, resulting in a staggering N91 billion decline in market capitalization amid mixed trading sessions.

Nigeria Exports Solar Panels to Ghana

Nigeria achieves groundbreaking milestone in renewable energy sector as Minister of Power Adebayo Adelabu announces successful solar panel exports to Ghana, marking new era of regional energy collaboration.

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