Generating government revenue through natural resource taxation is critically important for sub-Saharan African countries seeking to improve infrastructure, health services and meet social development goals.
Iran confirms seizing Marshall Islands-flagged tanker Talara in Strait of Hormuz over alleged illegal cargo; crew safety prioritized.
Iranian forces allegedly diverted UAE-bound tanker Talara toward their waters; ship management prioritizes crew safety amid suspicious activity.
“Algorithms, not pipelines, will determine prosperity,” Chidoka warned as he urged Nigeria to embrace data and scientific discipline.
Nigeria’s Senate says about $303 billion from stolen crude oil transactions remains unaccounted for, according to an interim report by its ad hoc committee on crude oil theft chaired by Senator Ned Nwoko.
Taiwo Oyedele says the proposed 5% fuel surcharge will not begin until the naira strengthens or oil prices fall, to avoid worsening Nigerians’ financial hardship.
Russia publicly brushed off Washington’s coordinated sanctions on its two largest oil companies, but analysts believe concern is growing behind the Kremlin’s defiance.
Trump imposed sweeping sanctions on Russia’s largest oil companies in a move aimed at cutting off funds for Moscow’s war in Ukraine.
President Donald Trump asserted that Indian Prime Minister Narendra Modi assured him India would stop buying oil from Russia, though India has yet to confirm the claim.
Ojulari says Nigeria’s crude oil production is on track to reach 1.8m barrels per day before year-end after hitting its highest level in five years.