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SK earthon and Petronas step up Malaysia exploration

Wildcats being drilled offshore Sarawak and Peninsular Malaysia,South Korean operator SK earthon has embarked on a two-well exploration programme on shallow-water Block SK 427...

Vantris wins T&I work from Petronas for two field developments offshore Malaysia

Vantris Energy, formerly known as Sapura Energy, will provide transportation and installation (T&I) of offshore facilities for the Sepat and Belud South projects Petronas Carigali...

Nigeria’s Electricity Paradox and the Unanswered Question of 2026

Electricity is Nigeria’s most expensive public failure, draining trillions from the economy each year while dimming productivity, trust, and growth. Against the backdrop of...

Egypt’s first semi-automated container terminal launches operations

Located at Sokhna Port on the Gulf of Suez, Red Sea Container Terminals started official operations, coinciding with the arrival of the vessel CMA CGM...

Economists back IMF warning on reform sustainability

Economic experts have backed the International Monetary Fund’s cautionary stance on Nigeria’s reform agenda, urging the Federal Government to sustain ongoing economic reforms and...

Standard Chartered accelerates Africa pullback with Botswana sale

Standard Chartered Plc is exploring the sale of its entire stake in Standard Chartered Bank Botswana Limited, raising the prospect of a full exit...

SEREC Condemns Street-Style Shutdown of Shipping Company, Blames Regulatory Failure

The Sea Empowerment Research Center (SEREC) has condemned the shutdown of business operations at the Mediterranean Shipping Company (MSC) Apapa office by members of...

Benin, Kaduna lead DisCos’ power allocation lapses

At least five electricity distribution companies supplied a disproportionate share of power to less commercially viable and poorly accounted feeders in the third quarter...

Lufthansa postpones return to Tehran amid unrest as carriers suspend Iran routes

Lufthansa has delayed the planned resumption of direct flights between Frankfurt and Tehran as widespread protests and deteriorating security conditions in Iran continue to...

Inflation likely to fall below 10% in 2026 – Tinubu

President Bola Ahmed Tinubu has projected inflation to fall below 10 per cent in the year 2026. “Indeed, inflation is likely to fall below 10...

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