Nigeria sets sights on developing carbon markets, government working on carbon tax Nigeria’s plans to scale up its carbon markets are starting to take shape, with the government looking to introduce a carbon tax policy and increase participation in the voluntary space. This is according to a recent report by S&P Global Inc (SPGI), a…
AfDB Approves $525,000 Grant for African Fintech Firms The African Development Bank has approved a grant of $525,000 for an online digital hub to serve as a repository of knowledge for fintech entities in Africa. This was disclosed during the signing ceremony for the Letter of Agreement between the AfDB Group and the Africa Fintech…
Nigeria ripe for blue economy – Jamoh The Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, on Tuesday said the country was ripe for blue economy. Jamoh said this at the maiden annual lecture of the University of Lagos Institute of Maritime Studies in Lagos. The lecture has the theme: ”From…
Nigeria under-produces OPEC’s crude oil quota by 30.6M barrels in two months Nigeria, Africa’s biggest crude producer, drilled 30.6 million less barrels of oil in January and February compared to the quota allocated to the country by the Organisation of Petroleum Exporting Countries (OPEC) during the period. A review of data from the Nigerian…
Calabar Port On Course For Economic Prosperity- Port Manager Port Manager, Nigerian Port Authority (NPA), Calabar Port, Mr Festus Olumati, has said that the volume of vessels berthing at the Calabar Port has led to massive economic prosperity. Olumati said this on Sunday in Calabar while on an oversight duty at the Port terminal where…
Monitor Your Environment, Connected Advocacy Urges Communities Connected Advocacy, a Non-Governmental Organization, NGO has called on the people of oil producing area in Agbor, Delta South-south Nigeria to monitor their environment with a view to strengthening local movements and building spaces to demand environmental justice. Speaking during a training of local community people, Director of…
South Africa’s Eskom Returns Ugandan Power Plants as Licence Expires South Africa’s power firm Eskom returned two hydropower plants to Uganda’s government recently after Ugandan authorities declined to renew its licence, Uganda’s energy minister said. Under a 20-year concession signed in 2002, Eskom had been running the two plants located at the source of the…
Kurdistan’s Oil Exports Could Be Shut in for another Week Kurdistan’s oil exports could be suspended for several more days as officials from Kurdistan are set to return to Baghdad next week for a new round of talks on the resumption of crude exports from Kurdistan via a pipeline to the Turkish Mediterranean port of…
Mammoet’s Ingenuity Saves Precious Time in Saudi Arabia …enables the upgrade of a major fertilizer plant to be completed almost twice as quickly as originally planned The Ma’aden Waad Al Shamal Phosphate Company (MWSPC), based in Saudi Arabia, operates some of the largest and busiest fertilizer plants anywhere in the world. Take, for example, the…
Global Gas Flaring Falls to Lowest Level Since 2010 Reduction in 2022 equivalent to taking three million cars off the road. There seems to be notable progress recorded in reducing gas flaring in 2022, with gas flared worldwide falling by 5 billion cubic meters (bcm) to 139 bcm, its lowest level since 2010. This is…
