Breaking news and insights at nigerianewsservice.com
Shell plans to initiate the export of natural gas from Venezuela to Trinidad and Tobago starting in 2026, aiming to meet Trinidad’s energy demands and enhance its presence in the …
Shell Plans Natural Gas Export from Venezuela to Trinidad and Tobago by 2026 Read More
President Trump may extend Chevron’s sanction waiver for Venezuela, stemming from discussions with oil executives. The talks include imposing tariffs on countries buying Venezuelan oil to counteract China’s influence. Chevron’s …
Trump Considers Extension of Chevron’s Sanction Waiver for Venezuela Read More
Namibia’s economy grew to N$245.1 billion in 2024, up from N$228.9 billion in 2023, representing an increase of N$16.2 billion. Despite a 3.7% growth in real value added, primary industries …
Namibia’s Economy Grows to N$245 Billion in 2024 Despite Slowdown Read More
Nigeria’s oil production revival faces a setback due to pipeline sabotage. Despite improved security measures leading to a 40% output increase, acts of vandalism threaten investments. President Tinubu’s state of …
Pipeline Sabotage Endangers Nigeria’s Oil Production Recovery Read More
PDVSA is set to independently produce crude oil in Venezuela following the revocation of Chevron’s operating license by the U.S. The Trump administration’s decision, based on electoral and migration issues, …
PDVSA to Independently Manage Chevron’s Operations in Venezuela Read More
Minerva BEEF3 has pledged to reduce its debt after a significant acquisition of Marfrig assets. The deal, valued at 7.5 billion reais ($1.33 billion), has raised concerns among analysts regarding …
Minerva BEEF3 Commits to Debt Reduction Following Major Acquisition Read More
Cameroon’s public debt rose by 7.8% in 2024 to CFA 14.237 trillion, primarily due to government borrowing. Despite this increase, the debt remains under control and aligns with the Medium-Term …
Cameroon’s Public Debt Increases by 7.8% in 2024 Due to Government Borrowing Read More
The U.S. Export-Import Bank has approved a $4.7 billion loan for TotalEnergies’ LNG project in Mozambique, despite ongoing violence in the region. This approval marks a significant action aligning with …
U.S. Export-Import Bank Approves Controversial Loan for Mozambique LNG Project Read More
Africa is rich in untapped potential, facing significant economic challenges despite having vast opportunities across various sectors including agribusiness, manufacturing, technology, logistics, renewable energy, and tourism. A shift in mindset, …
Unlocking Africa’s Billion-Dollar Opportunities: A Call to Action Read More
UAE investments are driving growth in the African mining sector. Ambrosia Investment Holding acquired a stake in Canadian mining projects, promising significant increases in gold output. AD Ports Group has …
UAE Investments Propel Growth in African Mining Sector Read More