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Oil prices surged globally, briefly topping $110 a barrel, after attacks on Qatar’s Ras Laffan LNG terminal, UAE’s Habshan gas facility, and Iran’s South Pars gasfield, triggering fears of global inflation. The latest reports indicate Iran inflicted 'extensive damage' at the world's largest LNG plant in Qatar, extending oil gains.
A N7.4 billion renewable energy project is underway in Ebonyi, a collaboration between the Rural Electrification Agency (REA) and Lotus Bank, aiming to deliver 7MW of power to over 30,000 homes.
Energy marketers in Nigeria are delaying petrol price cuts due to factors such as cost recovery, existing high-cost stock, and market volatility, according to experts.
Before the conflict began, analysts had expected a cut in the Bank rate at this meeting.
Wednesday saw strikes on energy facilities in the Middle East and testimony in Washington to members of Congress regarding the ongoing conflict, with a focus on the day's key events.
Wall Street is reacting to the Federal Reserve's 'neutral' interest rate hold, with opinions ranging from dovish to hawkish. The Fed maintained rates at 3.50% to 3.75%, with only one dissenter, and sees accelerating inflation and GDP growth.
Iranian strikes on Gulf energy come after Israel attacked Iran's South Pars gasfield and navy assets in the north.
Audrey Joe-Ezigbo, CEO of Falcon Corporation, is advocating for the appointment of more women to leadership positions within Nigeria's energy and gas sector.
The US Federal Reserve on Wednesday held its benchmark interest rate steady for the second consecutive time and maintained its projection of one rate cut this year, as concerns grew over the economic…
Investors in Asia will look toward the Bank of Japan decision, which is expected to hold rates at 0.75%.
South Korean shares opened sharply lower following attacks on critical Middle East energy facilities during the US and Israel-led war against Iran, compounded by the US Federal Reserve's decision to maintain interest rates.
Nigeria's trade minister has commended Mojec International for its role in reducing estimated billing through smart meters, improving energy access in the country.
Before the conflict began, analysts had expected a cut in the Bank rate at this meeting.
Mr Miliband said pricing needs to be ‘fair, transparent and fully justifiable’.