Dangote Refinery Begins Petrol Processing, NNPC Set to Be Exclusive Buyer The Dangote Oil Refinery has officially commenced the processing of petrol, marking a significant milestone for Africa’s largest refinery. This development follows delays due to recent crude oil shortages, according to a report by Reuters. Devakumar Edwin, Vice President at Dangote Industries Limited, confirmed…
NIMASA Warns Public Against Fake Social Media Accounts The Nigerian Maritime Administration and Safety Agency (NIMASA) has issued a warning to the public regarding the proliferation of fake social media accounts falsely claiming affiliation with the agency. Dr. Dayo Mobereola, the Director-General of NIMASA, raised the alarm on Monday through his verified X handle, advising…
Alake Calls for Peaceful Coexistence Among Nasarawa Mining Firms. The Minister of Solid Minerals Development, Dele Alake, has urged mining companies in Nasarawa Local Government of Nasarawa State to foster peaceful coexistence. His call came during a meeting with Governor Abdullahi Sule and members of the state cabinet at the Government House in Lafia on…
ICT’s Contribution to Nigeria’s GDP Hits 19.78% in Q2 2024: NBS Report The Information and Communications Technology (ICT) sector has significantly bolstered Nigeria’s economy, contributing 19.78% to the country’s real Gross Domestic Product (GDP) in the second quarter of 2024. This was disclosed by the National Bureau of Statistics (NBS) in its latest GDP report…
Navy Chief Ogalla Advocates for Special Maritime Courts and Greater Community Involvement to Strengthen Blue Economy In a significant move to bolster the nation’s maritime security and advance the Blue Economy, the Chief of Naval Staff, Vice Admiral Emmanuel Ogalla, has proposed the establishment of special courts dedicated to maritime crimes. He also emphasized the…
US Gasoline Prices Drop Ahead of Labor Day Weekend, Says EIA. As the Labor Day weekend approaches, marking the end of the U.S. summer driving season, gasoline prices across the United States are notably lower than they were a year ago, according to a report from the U.S. Energy Information Administration (EIA) released on Thursday….
Eko DisCo Highlights N144 Billion Debt Owed by Government Agencies. The Eko Electricity Distribution Company (EKEDC) is grappling with a significant financial challenge as ministries, departments, and agencies (MDAs) in its operational area owe the company a staggering N144 billion in unpaid electricity bills. This was disclosed by the acting Managing Director of EKEDC, Mrs….
CNOOC Affirms Fossil Fuels’ Role in Global Energy Future, Sets Record Output Target for 2024 China’s state-run offshore oil and gas giant, CNOOC Ltd, has reinforced its commitment to fossil fuels as a stabilizing factor in global energy demand for the foreseeable future. During an earnings briefing on Thursday, the company announced an ambitious production…
Shettima Inaugurates MSME Clinics and ICT Hubs in Benue, Eyes 48,000 New Jobs Annually. Vice President Kashim Shettima has inaugurated the Ultra-Modern MSME Clinics Fashion and ICT Hubs in Makurdi, Benue State, with the potential to create approximately 48,000 jobs annually. The inauguration ceremony, held in the state capital, highlighted the federal government’s commitment to…
Lawmakers Assure Port Operators on Swift Renewal of Concession Agreements. The House of Representatives Committee on Privatisation and Commercialisation has assured port operators that it will collaborate with the Minister of Marine and Blue Economy, Adegboyega Oyetola, to expedite the renewal of port concession agreements. This commitment was made during the committee’s recent oversight visit…
