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Former Minister Chidoka Urges Nigerian Drug Manufacturers to Adopt Global Standards

Former Minister Chidoka Urges Nigerian Drug Manufacturers to Adopt Global Standards

Former Minister Chidoka Urges Nigerian Drug Manufacturers to Adopt Global Standards
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Venezuela's draft oil law lets ministry set tax rates for each project

Venezuela's draft oil law lets ministry set tax rates for each project

May 16 (Reuters) - The Venezuelan government will retain power to set royalty and tax rates for private and foreign investors in oil and gas projects on a project-by-project basis under draft regulations of a new hydrocarbons law seen by Reuters on Saturday.
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Osita Chidoka Urges Nigerian Drug Manufacturers to Adopt Global Standards for Improved Market Access

Osita Chidoka Urges Nigerian Drug Manufacturers to Adopt Global Standards for Improved Market Access

Osita Chidoka Urges Nigerian Drug Manufacturers to Adopt Global Standards for Improved Market Access
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Nigeria Secures $428 Million German Investment Deal to Boost Economic Reforms

Nigeria Secures $428 Million German Investment Deal to Boost Economic Reforms

Nigeria has signed a $428 million development and investment partnership with Germany, aimed at enhancing sectors such as energy, agriculture, healthcare, and skills development. The agreement was formalized in Abuja by Nigeria's Minister of Budget and Economic Planning, Senator Abubakar Bagudu, and Minister of State for Budget and Economic Planning, Doris Uzoka-Anite, alongside senior German officials. This partnership is part of Nigeria's broader economic reform agenda under President Bola Tinubu, focusing on mobilizing investment and sustainable financing. The deal includes a €65 million commitment for financial and technical cooperation and a €300 million export credit guarantee framework to support long-term investments and trade projects in Nigeria.
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Nigeria and Germany Sign $428 Million Investment Deal to Boost Economic Reforms

Nigeria and Germany Sign $428 Million Investment Deal to Boost Economic Reforms

Nigeria and Germany have entered into a $428 million development and investment partnership agreement, signed in Abuja. The deal aims to enhance cooperation in various sectors including energy, agriculture, healthcare, and skills development. This agreement is part of Nigeria's broader economic reform strategy under President Bola Tinubu, focusing on mobilizing investment and sustainable financing. German officials, including the German Ambassador to Nigeria, Annett Günther, emphasized the importance of this partnership in strengthening trade ties with Africa's largest economy. The agreement includes a €65 million commitment for financial and technical cooperation and a €300 million export credit guarantee framework to support long-term investments and trade projects in Nigeria.
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What to know about joint US-Nigeria operation that killed a senior militant leader

What to know about joint US-Nigeria operation that killed a senior militant leader

President Donald Trump says a joint U.S. and Nigerian operation has killed a top Islamic State leader in Nigeria
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Infinity Natural Reports Strong Q1 2026 Results, Highlights Growth and Strategic Acquisitions

Infinity Natural Reports Strong Q1 2026 Results, Highlights Growth and Strategic Acquisitions

Infinity Natural Reports Strong Q1 2026 Results, Highlights Growth and Strategic Acquisitions
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Global Maritime Firms Shift to West Africa Amid Hormuz Disruption

Global Maritime Firms Shift to West Africa Amid Hormuz Disruption

Rising tensions in the Middle East have led to the disruption of the Strait of Hormuz, a critical chokepoint for global shipping. This has prompted major maritime companies to reroute their operations, significantly increasing their presence in West Africa. Companies like Minerva Bunkering and MSC are expanding their operations in countries such as Mauritania, Senegal, and Nigeria. The rerouting involves longer voyages around the Cape of Good Hope, which has increased the demand for marine fuel and necessitated the establishment of new refueling and repair hubs in West Africa. This shift is positioning the region as a key player in international maritime trade.
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Ecopetrol Publishes Quarterly Report Highlighting Financial and Operational Performance

Ecopetrol Publishes Quarterly Report Highlighting Financial and Operational Performance

Ecopetrol Publishes Quarterly Report Highlighting Financial and Operational Performance
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EagleRock Raises $320 Million in U.S. IPO Amid Energy Market Volatility

EagleRock Raises $320 Million in U.S. IPO Amid Energy Market Volatility

EagleRock Raises $320 Million in U.S. IPO Amid Energy Market Volatility
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ABL Group Secures SURF Support Contract for Mero 3 and 4 Offshore Brazil

ABL Group Secures SURF Support Contract for Mero 3 and 4 Offshore Brazil

ABL Group has been appointed as the marine warranty surveyor (MWS) to support Subsea7 in the transportation and installation activities for the Mero 3 and Mero 4 offshore developments in Brazil's Santos basin. The contract involves overseeing subsea risers, flowlines, and associated SURF infrastructure. ABL's responsibilities include technical review and approval of engineering and operational documentation, suitability surveys for installation vessels, and oversight of critical operations. The Mero field, operated by Petrobras with partners including Shell and TotalEnergies, is a significant project in Brazil's deep waters, with ABL having a track record of supporting similar installations.