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Nigerian oil industry

UN Proposes 15 Percent Budget Cut for 2026

The UN plans 15% budget cut in 2026 as Antonio Guterres tackles U.S. arrears, workforce downsizing, and organizational restructuring

Breaking: Aiteo Terminates Security Contracts with Amotoi, Others Over Crude Theft, Fraud

Aiteo ends contracts with Amotoi, Livingstone and others due to crude theft and fraud, aiming to safeguard operations and assets in Nigeria.

Oando Makes Major Play in Nigerian Oil with $550 Million Contribution

Nigerian energy company Oando Plc secures $550 million stake in a $925 million facility for Afreximbank's $3.3 billion Project Gazelle, a landmark oil-backed financing deal for Nigeria.

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UN Proposes 15 Percent Budget Cut for 2026

The UN plans 15% budget cut in 2026 as Antonio Guterres tackles U.S. arrears, workforce downsizing, and organizational restructuring

Taiwo Afolabi Expands Community Projects, SAHCO Stake

SIFAX Group founder Taiwo Afolabi has commissioned new projects in Ogun State while his aviation unit SAHCO posts soaring profits and a higher valuation.

126 Environmental Defenders Killed in Africa Since 2012, Report Shows

Global Witness reports 126 killings of environmental defenders in Africa since 2012, with DRC named the most dangerous country.