Breaking news and insights at nigerianewsservice.com
At the Invest in African Energy forum in Paris, Sierra Leone will present its offshore licensing opportunities and drilling plans for 2025. The country estimates a total of 44 billion …
Sierra Leone to Showcase Offshore Oil Opportunities and 2025 Drilling Plans at Forum Read More
Tesla is venturing into Saudi Arabia to address declining sales in Europe and the US, launching pop-up stores before establishing showrooms. The move comes after a 70 percent drop in …
Tesla’s Strategic Expansion Into Saudi Arabia Amidst Sales Decline Read More
WTI crude oil prices increased to $69.15, driven by a significant drop in U.S. crude inventories and concerns about tighter global supply due to U.S. tariffs affecting Venezuelan oil. API …
WTI Crude Oil Prices Rise Amid Venezuela Supply Concerns Read More
Waraba Gold Limited announced plans to acquire 80% of Somaco Global Resources SARL, expanding its gold exploration footprint in Ivory Coast. The company will raise US$500,000 through unsecured debentures to …
Waraba Gold Limited Expands Operations in Ivory Coast Amidst Mali Challenges Read More
Egypt is experiencing renewed economic stability following a $35 billion investment from Abu Dhabi and an $8 billion IMF programme, despite ongoing challenges affecting Suez Canal revenues. The reforms initiated …
Egypt’s Economic Stability and Future Challenges After Recent Reforms Read More
Iraq’s economy grew by 1.4% over the past Iranian year, reflecting a modest recovery from a previous contraction. This growth is attributed to increased oil production and exports, while non-oil …
Iraq’s Economic Growth of 1.4%: Indicators of Recovery? Read More
Shares of Paladin Energy fell 7.5% to A$6.32 following the temporary suspension of operations at its Langer Heinrich project due to heavy rains in Namibia. This situation has caused access …
Paladin Energy Faces Share Price Decline Due to Operations Suspension in Namibia Read More
Nigeria’s plain vanilla bonds traded softly prior to the monthly DMO auction, with limited activity and sell-offs prevalent in mid-term maturities. The auction will offer N300 billion in bonds, the …
Nigeria’s Plain Vanilla Bonds Experience Soft Trading Before Upcoming Auction Read More
Oil prices rose due to declining U.S. fuel inventories and heightened tensions in the Middle East. Brent crude increased by 0.57%, while WTI gained 0.51%. A larger than expected drawdown …
Oil Prices Increase Amid U.S. Inventory Decline and Middle East Tensions Read More
In January, Saudi Arabia’s US Treasury securities holdings dwindled to $126.9 billion, marking a $10.6 billion decrease from the previous month, as stated by US Treasury data. In January, Saudi …
Saudi Arabia’s US Treasury Holdings Decline Significantly in January Read More