The U.S. Supreme Court ruled that ExxonMobil can proceed with a lawsuit against Cuban state-owned companies in American courts regarding property seized after Fidel Castro's rise to power. This 6-3 decision marks the second ruling in favor of U.S. property owners affected by the Cuban government's confiscations over 65 years ago, potentially providing leverage for the Trump administration to apply pressure on Cuba.

The Trump administration has announced a $17.5 billion initiative to accelerate the development of 10 new large nuclear reactors, aimed at addressing the increasing power demands from large data centers. Energy Secretary Chris Wright highlighted the significant interest from developers in this sector during the announcement made in the Oval Office, which included President Donald Trump and Commerce Secretary Howard Lutnick.

Chery has announced a multi-million dollar investment in the former Nissan facility in Rosslyn, which is expected to lead to the first cars rolling off the assembly line in 2027. This move indicates Chery's commitment to establishing a long-term presence in the automotive market.

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has renewed its partnership with TotalEnergies for an additional 24 months to deploy advanced methane detection technology in its upstream operations. This initiative aims to reduce greenhouse gas emissions and support NNPC's decarbonisation targets, according to Vanguard Business.

The High Court has made a significant ruling by abolishing the mandatory financial deposits that were previously required to challenge government tender awards. This landmark judgment is seen as a shift in the legal landscape of public procurement, removing a major financial barrier for businesses seeking to engage in public contracts, according to Sharp Daily.

The federal government has announced the clearance of N39.6 billion in pension arrears, settling liabilities for over 24,000 retirees. These payments address longstanding pension obligations owed to former employees of defunct public enterprises and financial institutions under the Defined Benefit Scheme, according to the Minister.