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Published on 11:32 GMT

Nigeria’s Presidency Kicks As Pat Utomi Forms Shadow Government

Posted by African Examiner Featured, Latest Headlines, News Across Nigeria Thursday, May 8th, 2025 (AFRICAN EXAMINER) – Nigerian economist and political activist, Prof. Pat Utomi, has created a shadow government that is composed of members from various …

Source: African Examiner - Neutral
Published on 04:27 GMT

Military intervention in governance: Nigeria and the continent of Africa (1)

Military intervention in governance has long cast a formidable shadow over the political evolution of Nigeria and the African continent at large, often undermining democratic institutions and entrenching cycles of instability. While some proponents argue …

Source: The Sun Nigeria - Indeterminate
Published on 11:06 GMT

ExxonMobil to invest $1.5bn in Nigeria’s deep-water oilfields

ExxonMobil has committed to a $1.5bn investment in Nigeria’s deep-water oilfields, demonstrating a strong commitment to the country’s oil and gas sector. The investment, spanning from the second quarter of 2025 (Q2 2025) to 2027, will focus on revitalising …

Source: Offshore Technology - Neutral
Published on May 7, 2025

Crude Oil Prices Plunge Below $60: What’s Next for Nigeria’s Economy and the Naira?

Recently, we saw crude oil prices dip below $60 per barrel, a sharp drop from over $65 earlier this year. In the latest episode of MoneyBrief with UgoDre, we nosedive into this decline, which raises serious concerns, especially for Nigeria, where oil plays …

Source: Nairametrics - Neutral
Published on 01:18 GMT

ExxonMobil plans $1.5bn investment in Nigerian deepwater oilfield

Energy giant ExxonMobil is set to inject $1.5bn (R27.43bn) into the development of its deepwater operations in Nigeria, the country's oil regulator said on Wednesday. The planned capital deployment, spanning from the second quarter of 2025 to 2027, …

Source: Times LIVE - Indeterminate
Published on May 7, 2025

ExxonMobil targets $1.5 billion deepwater investment in Nigeria

ExxonMobil is raring to complete the process that will formalise a new $1.5 billion deepwater investment in Nigeria, and so has arranged for a final investment decision (FID) to be made at most by September. The financial commitment to the project, to be …

Source: Premium Times - Neutral
Published on May 7, 2025

CAS hails Tinubu for targeted investments in Nigerian Air Force

The Chief of Air Staff (CAS), Air Marshal Hasan Abubakar, has praised the administration of President Bola Tinubu for its targeted investments in the Nigerian Air Force (NAF), noting that these efforts have significantly enhanced the operational …

Source: Eagle Online - Neutral
Published on May 7, 2025

Naira stabilises at N1,608/$1 amid rising brent crude prices

By Chinwendu Obienyi The naira traded steadily in the parallel foreign exchange market on Tuesday, exchanging at approximately between N1,608-N1,610 to the US dollar, as global oil markets rallied on the back of tightening supply and persistent …

Source: The Sun Nigeria - Indeterminate
Published on May 7, 2025

Exxon to Invest $1.5 Billion in Deepwater Oilfields in Nigeria

U.S. supermajor ExxonMobil plans to invest as much as $1.5 billion in deepwater oil and gas exploration and development offshore Nigeria, the local regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has said. Exxon sold last year its …

Source: Oil Price - Neutral
Published on May 7, 2025

Nigeria faces fiscal crisis with oil prices below budget benchmark

Nigeria is bracing for severe economic shocks as Brent crude prices plunged to $59.25 per barrel—well below the government’s benchmark of $75 set for the 2025 federal budget—raising alarm over widening fiscal deficits, currency depreciation, and strained …

Source: Blueprint Newspapers Limited - Pending
Published on May 7, 2025

Nigeria/UK: “Historic moment” as community devastated by Shell oil spills have final chance for justice

Ahead of Thursday’s start of the trial of Renaissance, an oil company to which Shell recently sold its stake in onshore oil extraction in Nigeria, for the damage caused by oil spills which impacted a large area of land belonging to the Bodo Community in …

Source: Amnesty International - Center-left
Published on 10:00 GMT

Naira Weakens Against Dollar Despite CBN’s $50 Million FX Injection

Despite the Central Bank of Nigeria (CBN)’s recent intervention in the foreign exchange market, the naira continued to decline across official and parallel market segments due to persistent dollar scarcity. The CBN’s official FX spot rate showed that the …

Source: Biz Watch Nigeria - Indeterminate
Published on May 7, 2025

ExxonMobil to Invest $1.5 Billion in Nigeria’s Deepwater Sector

ExxonMobil has unveiled plans to invest $1.5 billion in the development of Nigeria’s deepwater oil operations. The investment, scheduled to run from the second quarter of 2025 through 2027, will focus on revitalising production at the Usan deepwater oil …

Source: TechEconomy - Neutral
Published on May 7, 2025

ExxonMobil to inject $1.5 billion into Nigeria’s deepwater oil revival

ExxonMobil has announced plans to invest $1.5 billion to revive deepwater oil operations in Nigeria, the country’s oil regulator said. The investment will focus on boosting output at the Usan oilfield, part of offshore block OML 138 in the eastern Niger …

Source: Business Insider Africa - Neutral
Published on May 6, 2025

Petrol, Diesel Prices Likely To Drop Amid Global Crude Oil Slump – Marketers

Nigerians may soon experience a reduction in the prices of petrol and diesel following a significant decline in global crude oil prices, industry marketers have said. However, they caution that any reduction at the pumps may not be immediate. Crude oil …

Source: Biz Watch Nigeria - Indeterminate
Published on May 7, 2025

ExxonMobil plans $1.5bn investment in Nigeria’s oilfield

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says ExxonMobil has reiterated its long-term commitment to Nigeria’s oil and gas industry with a proposed investment of $1.5 billion in deep-water exploration and development. According to a …

Source: The Cable - Neutral
Published on 09:31 GMT

Russia-Africa Updates in the Context of 80th Anniversary of the ‘Victory Day’

Russian President Vladimir Putin continues prioritizing Africa and other friendly countries, this time in the context of 80th anniversary of WW-II (1945-2025). Simply referred to as ‘Victory Day’, Russia considers it as a historic defeat of Nazi Germany, …

Source: The News Chronicle - Neutral
Published on May 7, 2025

ExxonMobil to invest $1.5 billion in Nigeria’s deepwater oil fields between Q2 2025-2027

ExxonMobil has affirmed its long-term commitment to Nigeria’s oil and gas sector with a planned $1.5 billion investment in deepwater exploration and development projects, a move set to reinforce confidence in the country’s upstream potential. The planned …

Source: Nairametrics - Neutral
Published on May 6, 2025

Nigeria: Naira depreciates as crude oil price falls below $60

The Naira weakened further against major currencies on Monday following a sharp decline in global crude oil prices, which dipped below the $60 per barrel mark. This drop has heightened concerns about Nigeria’s economic stability, given the country’s …

Source: Zawya - Indeterminate

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Published on May 8, 2025 - 13:00 GMT

Allied Energy Corporation Advances Gas Supply Infrastructure to Support Bitcoin Mining Partner at Thiel Site

AGYP advances gas-to-power site for sustainable Bitcoin mining operations Trapped gas converted to energy for off-grid AI & data infrastructure Thiel site prepares final testing and computing equipment delivery Natural gas solutions support …

Distribution channels: Energy Industry, Media, Advertising & PR ...
Published on May 8, 2025 - 04:00 GMT

Bluegrace Energy Bolivia to Finance 100% Green Energy System at FKF’s Industrial Facility in ZOFRATACNA, Peru

Bluegrace backs FKF's shift to renewable energy with full funding for a solar and battery storage system at ZOFRATACNA’s Eco-Industrial Park in Peru. LONDON, GREATER LONDON, UNITED KINGDOM, May 8, 2025 /⁨EINPresswire.com⁩/ -- FRIGORÍFICOS KOBEFOOD S.A …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...

Published on May 8, 2025 - 12:00 GMT

Enphase Energy Announces Easy Expansion of IQ7 Solar Systems with IQ8 Microinverters

FREMONT, Calif., May 08, 2025 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced the availability of new …

Distribution channels: Media, Advertising & PR, Mining Industry ...
Published on May 8, 2025 - 01:30 GMT

leagend UPS Battery Management Solution Enhances Power Security for Renewable Energy and Critical Infrastructure

As renewable energy and distributed power systems become a vital global energy infrastructure, leagend has launched its UPS battery management solution, SHENZHEN, GUANGDONG, CHINA, May 8, 2025 /⁨EINPresswire.com⁩/ -- As renewable energy and …

Distribution channels: Banking, Finance & Investment Industry, Energy Industry ...

Published on May 8, 2025 - 11:00 GMT

Talen Energy Reports First Quarter 2025 Results, Affirms and Narrows 2025 Guidance

Earnings Release Highlights First quarter GAAP Net Income (Loss) Attributable to Stockholders of $(135) million. First quarter Adjusted EBITDA of $200 million and Adjusted Free Cash Flow of $87 million, ahead of internal estimates. Affirming and narrowing …

Distribution channels: Business & Economy ...
Published on May 8, 2025 - 11:00 GMT

GDEV releases 2024 Energy and Impact Report

NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- As part of GDEV Management, LLC’s (GDEV) commitment to support sustainable infrastructure and energy technologies, GDEV today released its 2024 Energy and Impact Report. GDEV’s investments scale energy businesses …

Distribution channels: Business & Economy ...
Published on May 8, 2025 - 10:45 GMT

AMG and Qualitas Energy Announce Partnership

AMG to invest in Qualitas Energy, a leading renewables-focused global infrastructure manager specializing in energy transition with more than €3.5 billion in AUM Qualitas Energy has a distinctive competitive position given its opportunistic value-add …

Distribution channels: Banking, Finance & Investment Industry, Companies ...
Published on May 8, 2025 - 12:00 GMT

Capital Clean Energy Carriers Corp. Announces First Quarter 2025 Financial Results and Employment for Two LNG Carriers ("...

ATHENS, Greece, May 08, 2025 (GLOBE NEWSWIRE) -- Capital Clean Energy Carriers Corp. (the “Company,” “CCEC”, “we” or “us”) (NASDAQ: CCEC), an international owner of ocean-going vessels, today released its financial results for the first quarter ended March …

Distribution channels: Business & Economy, Shipping, Storage & Logistics ...

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Published on May 8, 2025 - 13:31 GMT

Ampacimon and Drone Volt Take Dynamic Line Rating to New Heights with Advanced Drone Solutions

LONCIN, BELGIUM, May 8, 2025 /⁨EINPresswire.com⁩/ -- Ampacimon, a global leader in Dynamic Line Rating (DLR) technology, and Drone Volt, a key actor in professional civilian drones and an expert in on-board solutions, are thrilled to announce their …

Distribution channels: Electronics Industry, Energy Industry ...
Published on May 8, 2025 - 13:20 GMT

Appalachian Basin’s Abundant Water and Natural Gas Resources Position Region as Next AI Development Hub

PITTSBURGH, PA, UNITED STATES, May 8, 2025 /⁨EINPresswire.com⁩/ -- The Appalachian Basin is rapidly emerging as a prime location for artificial intelligence (AI) development centers, thanks to its exceptional water resources and vast natural gas …

Distribution channels: Banking, Finance & Investment Industry, Building & Construction Industry ...
Published on May 8, 2025 - 13:00 GMT

Modigent Expands into San Antonio, Marking Strategic Growth in Texas

New location brings together Central Air & Heating Service and Climate Solutions to strengthen regional service and project capabilities SAN ANTONIO, TX, UNITED STATES, May 8, 2025 /⁨EINPresswire.com⁩/ -- Modigent, a national leader in …

Distribution channels: Building & Construction Industry, Business & Economy ...
Published on May 8, 2025 - 13:00 GMT

Great Atlantic Resources Announces 2025 Exploration Plans for its 100% Owned Newfoundland Properties

Great Atlantic Resources Corp. (TSX:GR.v) VANCOUVER, BRITISH COLUMBIA, CANADA, May 8, 2025 /⁨EINPresswire.com⁩/ -- GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce its exploration plans for 2025 …

Distribution channels: Banking, Finance & Investment Industry, Energy Industry ...
Published on May 8, 2025 - 12:48 GMT

Kairos Power Begins Nuclear Safety-Related Construction of Hermes Low-Power Demonstration Reactor

OAK RIDGE, TN, UNITED STATES, May 8, 2025 /⁨EINPresswire.com⁩/ -- Kairos Power has completed the first installation of nuclear safety-related concrete for the Hermes Low-Power Demonstration Reactor, marking the start of “nuclear construction” on …

Distribution channels: Energy Industry ...
Published on May 8, 2025 - 12:00 GMT

Synergos Holdings Launches New VC 'Continuum Fund' to Champion Conscious Capitalism and Tackle Supply Chain Challenges

The Synergos Fund, Led by Michelle Urben, pioneers a new private market investment category: A “Continuum Fund” that is risk managed with perennial returns WASHINGTON, DC, UNITED STATES, May 8, 2025 /⁨EINPresswire.com⁩/ -- Synergos Holdings, a private …

Distribution channels: Agriculture, Farming & Forestry Industry, Banking, Finance & Investment Industry ...
Published on May 8, 2025 - 12:00 GMT

Leading Technology News Platform Ojo-Yoshida Report Rebrands as TechSplicit

… signaling expanded mission in tech journalism WINCHESTER, MA, UNITED STATES, May 8, 2025 /⁨EINPresswire.com⁩/ -- The Ojo-Yoshida Report, a respected voice in technology journalism, today unveils a new name and sharpened mission: TechSplicit — …

Distribution channels: Automotive Industry, Business & Economy ...
Published on May 8, 2025 - 10:00 GMT

VizConnect, Inc. (OTC: VIZC) Announces Graiver Homes Construction Signs Intent to Purchase Lots in North Yarmouth

VizConnect, Inc. (OTCMKTS:VIZC) PORTLAND, ME, UNITED STATES, May 8, 2025 /⁨EINPresswire.com⁩/ -- VizConnect, Inc. (OTC: VIZC) Announces Graiver Homes Construction Signs Intent to Purchase Multiple Lots in North Yarmouth Subdivision — Construction Slated …

Distribution channels: Building & Construction Industry, Energy Industry ...
Published on May 8, 2025 - 09:45 GMT

Louisiana Mesothelioma Victims Center Urges a Former Shipyard or Barge Worker with Mesothelioma or Lung Cancer in ...

NEW ORLEANS , LA, UNITED STATES, May 8, 2025 /⁨EINPresswire.com⁩/ -- The Louisiana Mesothelioma Victims Center says, "If your loved one is a former shipyard or barge worker anywhere in Louisiana and they now have mesothelioma or lung cancer …

Distribution channels: Automotive Industry, Building & Construction Industry ...
Published on May 8, 2025 - 07:00 GMT

ReCarbon & Emerging Fuels Technology Sign Collaboration Agreement for the Production of Sustainable Aviation Fuels

ReCarbon & EFT sign five-year TCA to integrate technologies to produce SAF from biogas. The collaboration aims to reduce costs and accelerate SAF deployment. FREMONT, CA, UNITED STATES, May 8, 2025 /⁨EINPresswire.com⁩/ -- ReCarbon Inc. (“ …

Distribution channels: Energy Industry ...
Published on May 8, 2025 - 06:49 GMT

Syncon Celebrates Milestone with Ribbon Cutting for New WATA Transfer Center

Syncon, LLC, a company specializing in commercial and municipal construction, has been tasked with managing the full scope of the WATA transfer center project. CHESAPEAKE, VA, UNITED STATES, May 8, 2025 /⁨EINPresswire.com⁩/ -- Local officials, …

Distribution channels: Building & Construction Industry, Energy Industry ...
Published on May 8, 2025 - 01:30 GMT

leagend UPS Battery Management Solution Enhances Power Security for Renewable Energy and Critical Infrastructure

As renewable energy and distributed power systems become a vital global energy infrastructure, leagend has launched its UPS battery management solution, SHENZHEN, GUANGDONG, CHINA, May 8, 2025 /⁨EINPresswire.com⁩/ -- As renewable energy and …

Distribution channels: Banking, Finance & Investment Industry, Energy Industry ...
Published on May 8, 2025 - 13:00 GMT

Allied Energy Corporation Advances Gas Supply Infrastructure to Support Bitcoin Mining Partner at Thiel Site

AGYP advances gas-to-power site for sustainable Bitcoin mining operations Trapped gas converted to energy for off-grid AI & data infrastructure Thiel site prepares final testing and computing equipment delivery Natural gas solutions support …

Distribution channels:
Published on May 8, 2025 - 12:30 GMT

FST Corp. Reports Significant Spike in Sales Following Tournament Wins in 2024

BOULDER, CO, May 08, 2025 (GLOBE NEWSWIRE) -- FST Corp. (Nasdaq: KBSX), a leading manufacturer and marketer of steel and graphite golf shafts and a provider of other golf-related services, today reported a positive correlation between professional golf …

Distribution channels: Energy Industry, Environment ...
Published on May 8, 2025 - 12:00 GMT

Aemetis Reports First Quarter 2025 Financial Results

California Ethanol passes $2 billion cumulative revenue milestone. Aemetis Biogas increased sales by 10,100 MMBtu compared with same quarter last year Sales of investment tax credits resulted in cash proceeds of $19.0 million during Q1 2025. India …

Distribution channels:
Published on May 8, 2025 - 11:45 GMT

Sky Quarry Signs LOI with R & R Solutions to Explore Expansion of Southwest Operations and Accelerate Market Deployment

WOODS CROSS, Utah, May 08, 2025 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (NASDAQ: SKYQ) ("Sky Quarry" or "the Company"), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, today …

Distribution channels: Companies, Energy Industry ...
Published on May 8, 2025 - 11:00 GMT

Cielo Issues Letter to Shareholders

CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV: CMC; OTC PINK: CWSFF) (“Cielo” or the “Company”) is pleased to have issued today a letter to shareholders, as below: Dear Shareholders, Thank you to all those who …

Distribution channels: Energy Industry ...
Published on May 7, 2025 - 22:20 GMT

Charge Rigs Concludes Successful ACT Expo 2025 with High Industry Interest in Mobile EV Charging

Charge Rigs reflects on successful ACT Expo 2024, demonstrating DC fast charging solutions and strengthening industry connections in fleet electrification. ANAHEIM, CA, UNITED STATES, May 7, 2025 /⁨EINPresswire.com⁩/ -- Charge Rigs is celebrating …

Distribution channels: Automotive Industry, Emergency Services ...
Published on May 8, 2025 - 09:52 GMT

Elcogen und Casale SA unterzeichnen Absichtserklärung

TALLINN, Estland, May 08, 2025 (GLOBE NEWSWIRE) -- Elcogen, ein führender europäischer Technologiehersteller für die effiziente Produktion erschwinglichen grünen Wasserstoffs und emissionsfreien Stroms, hat heute bekannt gegeben, eine Absichtserklärung ( …

Distribution channels: Business & Economy, Companies ...
Published on May 8, 2025 - 09:52 GMT

Elcogen y Casale SA firman un memorando de entendimiento

TALLIN, Estonia, May 08, 2025 (GLOBE NEWSWIRE) -- Elcogen, fabricante europeo líder de tecnología que permite la producción eficiente de hidrógeno verde asequible y electricidad sin emisiones, ha anunciado hoy la firma de un memorando de entendimiento con …

Distribution channels: Business & Economy, Companies ...