Samuel Nwite
AUTHOR: Samuel Nwite
Oil Prices Surge 7% as Israel-Iran Conflict Escalates – But It’s Not All Good...
Global oil prices surged on Friday, marking the sharpest single-day gain in over two years, as hostilities between Israel and Iran intensified. The spike...
Nigeria’s Petrol Imports Drop by 54% as Dangote Refinery Ramps Up Supply
Nigeria’s petrol import bill plunged to N1.76 trillion in the first quarter of 2025, a sharp 54% drop from N3.81 trillion recorded in the...
Nigeria’s Finance Ministry Dismisses Reports of Collapsed $5bn Crude-Backed Loan, Says No Final Decision...
The Federal Ministry of Finance has refuted widespread media reports claiming that a proposed $5 billion oil-backed loan involving the Nigerian National Petroleum Company...
NNPCL Targets Four FIDs in First Major Move Under New Tinubu-Appointed Leadership, Reports N5.89tn...
The Nigerian National Petroleum Company Limited (NNPCL) says it is preparing to take Final Investment Decisions (FIDs) on four major projects before the end...
Meta’s $15bn Bet on Scale AI: A Ploy to Recruit Alexandr Wang to Lead...
Meta is reportedly finalizing a $15 billion investment to acquire a 49 percent stake in Scale AI, a fast-rising artificial intelligence data labeling company...