January 2022

U.S. loans SPR crude to ExxonMobil

The U.S. Department of Energy approved on Thursday a third exchange of two million barrels of crude oil for release to ExxonMobil from the Strategic Petroleum Reserve (SPR) as part of the Biden Administration’s efforts to boost fuel availability and…

BMW targets 6,000 new jobs in 2022

BMW plans to create up to 6,000 new jobs next year to prepare for growing demand for its electric vehicles, the carmaker’s chief executive told daily Muenchner Merkur. BMW is on a very good path through the transformation and has…

Guyana votes to set up oil wealth fund

The Parliament of Guyana, where more than 10 billion barrels of oil equivalents have been discovered over the past half-decade, voted this week to amend its Natural Resource Fund (NRF) Act that will govern a sovereign wealth fund managing the…

Ikpeazu signs 2022 Appropriation Bill into law

Gov. Okezie Ikpeazu of Abia on Friday signed the 2022 appropriation bill of N147.28 billion into law. This is contained in a press statement signed by his Chief Press Secretary, Mr Onyebuchi Ememanka, and made available to Nigerian NewsDirect in…