Uche Cecil Izuora Nigeria exported about 33.23 million barrels of crude oil to the United States of America, between January and August 2025. The value of the export is estimated at $2.57 billion to earning the country Africa’s largest exporter of crude oil to the United States. This development underscores growing relevance in the U.S. energy supply chain even as its domestic refining capacity expands and reshapes regional oil flows. Data released by the U.S. Mission show that between January and August 2025, Nigeria shipped 33.23 million barrels of crude oil to the United States, valued at about $2.57 billion,…
Author: orientalnewsng
By Sola Adebawo The harmattan wind usually carries a certain crispness this time of year in Nigeria, swirling through the streets of towns and villages with a sense of shared anticipation. It is a season where the air feels lighter, thick with the scent of jollof rice, chicken and the warmth of neighborly gestures. Yet, beneath the festive lights, a quiet tension has flickered online: a debate over the simple act of sharing a meal. In recent weeks, voices from the fringes of religious scholarship have attempted to draw lines across the dinner table. Some extremist Islamic clerics have issued…
Ken Okeke Nigerian Government confirmed on Friday that it provided the United States with intelligence on extremists before the Christmas Day strikes by US forces against what President Donald Trump said were ISIS militants in the northwest of the country. The US strikes come after both countries were locked in a diplomatic dispute over what Trump characterized as mass killings of Christians amid the west African country’s myriad armed conflicts. “It’s Nigeria that provided the intelligence,” Nigerian Foreign Minister Yusuf Tuggar told broadcaster ChannelsTV, saying he was on the phone with US State Secretary Marco Rubio. “We spoke twice. We…
Uche Cecil Izuora Nigeria exported about 33.23 million barrels of crude oil to the United States of America, between January and August 2025. The value of the export is estimated at $2.57 billion to earning the country Africa’s largest exporter of crude oil to the United States. This development underscores growing relevance in the U.S. energy supply chain even as its domestic refining capacity expands and reshapes regional oil flows. Data released by the U.S. Mission show that between January and August 2025, Nigeria shipped 33.23 million barrels of crude oil to the United States, valued at about $2.57…
By Prof. Lere Baale For decades, Africa’s pharmaceutical markets have lived in the long shadow of multinational drugmakers. Across Nigeria, Kenya, Ghana, South Africa, and much of Francophone Africa, market leadership, pricing power, hospital procurement preferences, and even perceptions of quality were mainly shaped outside the continent. Indigenous manufacturers existed—but mostly at the margins, constrained by structural rather than capability limitations. Then came a turning point many initially misread as a crisis: the gradual exit or downsizing of global pharmaceutical giants from several African markets. What has unfolded since 2023—and crystallised powerfully in 2024–2025—is not decline, but realignment. At…
Agusto & Co. has assigned a “Bbb-” long-term rating to Universal Insurance Plc, reflecting the company’s long operating history, improved profitability, low loss ratio, moderate liquidity position and effective deployment of digital initiatives. The rating agency noted that Universal Insurance ability to maintain a solvency margin of 184.9 per cent, well above Agusto & Co.’s minimum threshold of 100 per cent, indicates a strong capacity to support its underwriting activities. The strong growth according to Agusto was driven by initiatives aimed at deepening relationships with customers and insurance brokers, alongside improvements in customer experience through digital platforms. It noted that…
Joseph Bakare President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA). To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC…
Stanley Olisa, a prominent voice in Nigeria’s communications sector, has won Corporate Communications Professional of the Year at the 2025 Lagos Public Relations Industry Gala and Awards(LaPRIGA), a leading industry platform recognising excellence in public relations and strategic communications in Nigeria. The Corporate Communications Professional Award recognises in-house communications leaders who have demonstrated measurable impact in building and protecting organisational reputation while advancing strategic objectives. Olisa, who currently leads global PR at Helpster, was shortlisted alongside senior communications leaders from top organisations— Nestlé and Nigerian Bottling Company Plc. With a decade of experience across aviation, oil & gas, tech,…
In a historic move signaling a coordinated legal and diplomatic offensive, African leaders are advancing plans to file a joint reparation claim against the United Kingdom for crimes committed during the colonial era. The push gained significant momentum at a major conference in Algiers recently, where policymakers convened to translate principle into action. The meeting, focused on having colonial-era crimes “recognized, criminalized and addressed through reparations,” directly advances a resolution passed by the African Union (AU) earlier this year. That resolution calls for justice and reparations for victims of colonialism, building on a landmark proposal at the AU’s February summit…