Samuel Nwite
AUTHOR: Samuel Nwite
China Begins Issuing Second Batch of 2026 Crude Import Quotas to Independent Refiners
China has started distributing the second batch of 2026 crude oil import quotas to independent refiners, with at least one major facility in eastern...
Central Bank of Nigeria Sees Inflation Falling Below 13% in 2026 Amid High Interest...
Nigeria’s inflation outlook is expected to improve significantly in 2026, with the Central Bank of Nigeria (CBN) projecting headline inflation to moderate to an...
Nigeria’s Domestic Airline Capacity Shrinks 7.5% in December as Cost Pressures Deepen Industry Strain
Nigeria’s domestic aviation market closed 2025 on a weaker footing, with available airline seats falling sharply in December amid persistent structural and financial challenges...
Indian Oil Corp Buys First Colombian Crude Cargo Amid Sharp Decline in Russian Imports
Indian Oil Corporation, India's largest refiner, has purchased its first cargo of Colombian crude under an optional supply agreement with state-owned Ecopetrol, signaling accelerated...
Heirs Energies Buys 20% of Seplat for $500m, Becomes Largest Shareholder in Landmark Africa-Backed...
Tony Elumelu’s Heirs Energies has emerged as the single largest shareholder in Seplat Energy after acquiring a 20% stake in the Nigerian oil and...