Dangote Petroleum Refinery has introduced a significant price reduction for its Premium Motor Spirit (PMS), bringing the price down from N970 to N899.50 per litre. This initiative, described as a “holiday promo,” aims to alleviate transportation costs for Nigerians during the festive period. In a statement released by Anthony Chiejina, Group Chief Branding and Communications…
A massive drone and missile strike targeted the Novoshakhtinsk oil refinery in Russia’s Rostov region. Ukrainian and Russian officials confirmed the attack, which reportedly sparked a massive fire lasting over six hours. This strike is part of a series of Ukrainian assaults on Russian energy infrastructure, which Kyiv has justified as retaliation for Moscow’s relentless…
On Thursday, the Asian stocks slipped, trailing a sharp sell-off on Wall Street, as the U.S. Federal Reserve’s cautious tone on future rate cuts rattled investors. The Fed’s “higher for longer” policy stance and the Bank of Japan’s (BOJ) decision to hold interest rates steady added to market jitters. Meanwhile, the U.S. dollar climbed to…
The European Union has unveiled its 15th sanctions package targeting Russia for its ongoing invasion of Ukraine, intensifying restrictions on Chinese entities and increasing oversight of vessels from Moscow’s so-called shadow fleet. This marks a significant escalation in the EU’s efforts to curb Russia’s ability to sustain its war efforts while sending a firm signal…
A devastating maritime disaster unfolded in the Kerch Strait on Sunday, as a Russian oil tanker, the Volgoneft 212, split in half during a violent storm. The incident has caused a significant spill of oil products into the strait, a critical waterway connecting the Black Sea and the Sea of Azov. The tragedy has already…
Wolverhampton Wanderers reportedly dismissed its head coach Gary O’Neil. The club has relieved its manager of his duties following a string of poor results in the Premier League. The decision comes in the wake of Wolves’ 2-1 home defeat to fellow strugglers Ipswich Town on Saturday, leaving the club in 19th place with just nine…
South Korea is navigating a political storm after President Yoon Suk Yeol was impeached and temporarily suspended from his duties over allegations related to a controversial martial law decision earlier this month. The impeachment, which has shaken the nation’s political stability, thrust Prime Minister Han Duck-soo into the role of acting president as the country…
South Korea’s National Assembly has voted to impeach President Yoon Suk Yeol following his controversial decision to declare martial law earlier this month. The move, which has plunged the nation into a constitutional and political crisis, has also raised pressing questions about the state of democracy in one of Asia’s most vibrant political landscapes. On…
China’s state-owned oil and gas company, CNOOC Ltd, has divested its U.S. subsidiary and associated upstream oil and gas assets in the Gulf of Mexico. The buyer, British chemicals conglomerate INEOS, has acquired these assets as part of a sales agreement detailed in a statement issued by CNOOC on Saturday. The deal includes CNOOC’s non-operating…
In a significant move reflecting growing concerns over national security, two prominent U.S. lawmakers Representative Raja Krishnamoorthi, an Indian-American, and House Select Committee on the Chinese Communist Party (CCP) Chair John Moolenaar have urged tech giants Apple and Google to prepare for the removal of TikTok from their app stores. Their request comes as the…
