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West Africa sets timeline for achieving refinery hub goals

The West African region has unveiled the timeline for accomplishing its refinery hub goals. Countries in the subregion are to sign harmonized refinery regulatory agreements in the fourth quarter (Q4) of 2025. The timeline was part of the highlights from the two-day Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)/ S&P Global Commodity Insights Conference…

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SEC engaging emerging technologies for regulatory frameworks

The Securities and Exchange Commission (SEC) is actively engaging with emerging technologies and digital innovators to craft regulatory frameworks that support capital market innovation without compromising investor protection, its Director-General, Dr. Emomotimi Agama, has said. Delivering the keynote at the Comercio Partners H2 2025 Outlook event, Dr. Agama said Nigeria, like many countries, stands at…

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Nigeria’s oil rigs hit 46

Nigeria’s crude oil rigs increased from 44 of last week to 46 yesterday, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Its Chief Executive, Gbenga Komolafe, an engineer, made this known in Abuja during the Strategic Workshop for Media Practitioners organised by the NUPRC Public Affairs and Corporate Communications Unit. He said: “And again,…

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No final decision on $5b Saudi Aramco oil-backed loan deal, says Nigeria

The Federal Government has said it remained committed to deploying innovative and fiscally responsible financing strategies to optimise Nigeria’s oil assets, enhance external liquidity, and strengthen macroeconomic stability. The government made the clarification as conversations continue around a proposed crude-for-loan arrangement with Saudi oil giant, Aramco. In a statement, the Federal Ministry of Finance addressed…

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Nigeria seeks $25b investment for Nigeria-Morocco gas pipeline project

Vice-President Kashim Shettima has said Nigeria is pursuing a $25 billion undersea gas pipeline project aimed at supplying natural gas to Europe through the West African coastline. Mr Shettima disclosed this during a meeting with Vitol Group, the world’s largest independent commodity trader, at the Presidential Villa in Abuja. The Nigeria-Morocco gas pipeline project will…

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