Local government
The Okomu Oil Palm Company Plc and the Edo State Government have partnered to launch a forest regeneration programme aimed at cultivating over 3,000 forest trees in Ovia South West Local Government. According to Akpele Maxwell, director of plantation at the Edo State Forestry Commission, the initiative will roll
Local government
Oil prices fell for the fifth consecutive session on Tuesday, with Brent crude futures dropping 34 cents to $66.23 a barrel and US West Texas Intermediate crude down 29 cents to $61.99 a barrel, as a preliminary agreement to restart an oil pipeline between Iraq and Kurdish regional
Exports
DP World has begun full operations at its new Canola Oil Transload Facility at Fraser Surrey, a CAD $150 million strategic investment that enhances Canada's export capacity and strengthens direct connectivity between prairie farmers and international markets. The new facility adds 1 million metric tonnes a year of
Exports
Following a temporary suspension in late July 2025 due to contamination of Azerbaijani oil with organic chlorides, KazMunayGas has resumed oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline system. The resumption of exports comes after a thorough cleanup and repair process was completed to prevent damage to refinery equipment. According to
Exports
Kazakhstan's national oil company KazMunayGaz (KMG) has resumed oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline, a crucial route for exporting oil from the Caspian region. The resumption comes after a quality issue was reported in some crude oil shipments in July 2025, but a full assessment along the
Exports
Nigeria's October crude oil loading program has revealed a 34,000 barrels per day (bpd) decline from September, a setback that highlights the country's persistent structural and operational challenges. Despite being a major crude producer, Nigeria's crude export performance is closely tied to its
Exports
The Centre for the Promotion of Private Enterprise (CPPE) has expressed concern that the federal government's suspension of raw shea nut exports could derail Nigeria's non-oil export sector, which recorded more than $3 billion in the first quarter of 2025. The sudden implementation of the six-month
Exports
Nigeria's economic landscape has witnessed a significant shift with non-oil exports emerging as the new source of foreign exchange, according to the National Orientation Agency (NOA). This development comes as earnings from the oil and gas sector have been disappointing over the past decade. The recent data from
Exports
Nigeria's $3.225 billion non-oil export growth in the first half of 2025 is a testament to the country's increasing capacity to process non-oil exports and boost its export earnings. The Lagos Chamber of Commerce and Industry (LCCI) has welcomed this development, urging the government to
Exports
Syria has exported 600,000 barrels of heavy crude oil to a global oil trading firm, B Serve Energy, marking the country's first official export of oil in 14 years. The oil was extracted from several fields in Syria, including those in the northeast held by Kurdish-led authorities.
Exports
Syria has exported 600,000 barrels of heavy crude oil from the port of Tartus, marking the first official export of oil in 14 years. The oil was sold to trading firm B Serve Energy, which has ties to global oil trading firm BB Energy. The export comes after the
Exports
Nigeria's federal government is intensifying efforts to diversify the economy, with a focus on non-oil exports, which have contributed significantly to stabilizing the macroeconomy in recent times. The country's non-oil exports, comprising goods and services sold to other nations excluding crude oil and its derivatives, have
