The World Bank has advised oil and gas-rich countries in Africa to adopt asset diversification in oil and gas operations. This was stated in the May 2023 report titled: ‘Harnessing Natural Resources for Economic Transformation during the Low-Carbon Transition.’ According…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has intercepted an illegal Crude Oil Barge and arrested six suspected crude thieves in Warri, Delta State. Tantita Security Services Nigeria Limited, a private security contractor, engaged by the NNPC…
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has warned its members to desist from night and reckless driving and loading of petroleum products at illegal points. Mr Abdulsalam Mohammed, the Kaduna Zonal Chairman, Petroleum Tanker Drivers (PTD)…
The Manufacturers Association of Nigeria (MAN) said that its members are prepared to invest in building and developing requisite capacities in the environment and green manufacturing in Nigeria, in alignment with the current global phenomenon towards the attainment of the…
Seplat Energy has assured investors and the general public about immediate steps taken to counter interim court orders against its officers. This is is in response to certain media publications that the Federal High Court, per Hon. Justice I. E.…
The Rural Electrification Agency (REA) has held its first investor matchmaking for the Solar Power Naija Programme to provide opportunity for potential investors to pitch their financial offerings to developers. A statement from REA in Abuja on Thursday said the…
By Seun Ibiyemi The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Thursday in Abuja expressed concerns over Nigeria’s N77 trillion public debt. Addressing the 7th triennial national delegates’ conference of the association, its President, Mr Festus…
Dr Tinuade Sanda, Chief Executive Officer, Eko Electricity Distribution (EKEDC), says cashflow is a major constraint affecting the distribution companies (DisCos) in Nigeria from discharging their market obligations. Sanda, who made this known during the company’s quarterly customer engagement forum…
…says project will support state’s mobility project Bankole Taiwo, Abeokuta The Ogun State Governor, Dapo Abiodun says 150 million Standard cubic feet Ibefun Natural Gas City Gate will support, drive and complement the state’s gas mobility project through which the…
…To sanction shipping companies exporting undocumented cargoes By Akinyemi Precious The Governor, Central Bank Of Nigeria (CBN),Mr Godwin Emefiele has disclosed that export proceeds repatriation increased by 40 per cent from US $3.0 billion in 2021 to US $5.6 billion…
