Japan has lodged a formal protest with China after confirming what it described as Beijing’s unilateral efforts to develop gas fields in contested areas of the East China Sea, Tokyo’s foreign ministry said late Monday. The ministry said it had verified that China was installing drilling rigs in waters where the two countries’ exclusive economic…
Korean Air has announced plans to purchase more than 100 Boeing aircraft in what it described as the largest aviation deal in South Korea’s history, just hours after South Korean President Lee Jae-myung met with U.S. President Donald Trump in Washington. In a statement on Tuesday, the airline said it intends to acquire 103 next-generation…
By Ayomide Otitoju Nigeria’s crude oil production climbed in July 2025, averaging 1.71 million barrels of oil per day (bopd), according to new data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The output comprised 1.507 million bopd of crude oil and 204,864 bopd of condensates, reflecting a 9.9 per cent increase compared to…
By Ayomide Otitoju Fidelity Bank Plc has announced plans to host Eduthrive , a two-day conference aimed at equipping school owners and administrators with practical tools and strategies to excel in the forthcoming academic session. The event, themed “Positioning Your School for Growth,” will be held on August 28–29, 2025, at the Fidelity SME Hub…
By Ayomide Otitoju Nestlé Professional, the out-of-home business arm of Nestlé Nigeria, has extended its flagship Business of Food workshop series to Bauchi State, equipping more than 250 food vendors, canteen operators, grillers, and caterers with essential culinary and business skills to strengthen their competitiveness in Nigeria’s fast-growing foodservice sector. Now in its 11th edition,…
By Ayomide Otitoju The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bashir Ojulari, has warned that crude oil theft in Africa is driven by specialised international and continental syndicates exploiting security loopholes across the region. Ojulari made the remarks on Monday at the opening of the Africa Chiefs of Defence…
By Ayomide Otitoju Nigerian crude prices climbed on Monday, with Bonny Light settling near $70 per barrel after touching record highs earlier this month. The gain comes as Nigeria continues to exceed its production quota under the Organization of Petroleum Exporting Countries and its allies (OPEC+). Global benchmarks also recovered after weeks of selling pressure….
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.) and several upstream gas producers have signed long-term Gas Supply Agreements (GSAs) with Nigeria Liquefied Natural Gas Limited (NLNG) for the delivery of 1.29 billion standard cubic feet of feedgas per day. The agreements, which run for 20 years with extension options, were sealed…
Chipmaker Intel has agreed to give the United States government a 10 percent equity stake in its business, a move announced Friday by both the company and President Donald Trump. Under the agreement, Washington will receive 433.3 million shares of Intel common stock — representing a 9.9 percent stake — in exchange for $8.9 billion…
