Heatwave: Stakeholders Task Nigerians On Methane Emissions Control Stakeholders have urged Nigerians to take steps to decrease methane emissions in the environment and human health, given the ongoing heatwave across the country. These stakeholders voiced their concerns on Friday in Port Harcourt during a one-day roundtable discussion on methane reduction in Nigeria, organized by the…
ADNOC Contemplates BP Takeover, Stalled by Strategic Fit and Political Considerations. Recent discussions within the United Arab Emirates’ state-owned oil giant, Abu Dhabi National Oil Company (ADNOC), have centered on the possibility of acquiring Britain’s BP, sources familiar with the matter revealed. While preliminary talks took place, ADNOC ultimately decided against pursuing BP further, citing…
TWF, TARC Join Forces to Enhance African Content in 24,000km Railway Network Across 32 Countries In a bid to bolster intra-African trade and enhance value retention within the continent, stakeholders are forging partnerships and pathways to advance Africa’s integrated market agenda. The Welding Federation (TWF) and Trans Africa Railway Connection Limited (TARC Ltd) have inked…
Heatwaves May Put Millions of Asian Children at Risk — UN. Global monitors have warned that 2024 is shaping up to be the hottest year on record, marked by climate extremes and rising greenhouse gas emissions. According to UNICEF data, over 243 million children across the Pacific and East Asia are estimated to be affected…
OPEC Forecasts Strong Fuel Demand, Maintains Growth Outlook Amid Global Economic Potential. On Thursday, the Organization of the Petroleum Exporting Countries (OPEC) projected robust fuel consumption during the upcoming summer months and reaffirmed its forecast for relatively strong growth in global oil demand for 2024. The monthly report emphasized the potential for the world economy…
IMO Ready to Collaborate with NIMASA on Maritime Challenges – Secretary General. The International Maritime Organization (IMO) Secretary General, Arsenio Dominguez, has expressed eagerness to collaborate with the newly appointed Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, to address maritime challenges in Nigeria. Dominguez conveyed this sentiment in…
NNPC Chief Underscores Gas as Crucial Driver of Economic Growth and Industrial Development. Mr. Mele Kyari, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), has reaffirmed the pivotal role of natural gas in propelling economic growth and fostering industrial development across Nigeria. Kyari emphasized the significance of natural…
Artificial Intelligence to Contribute $1.2 Trillion to Africa’s Economy – Microsoft. Microsoft has projected that Artificial Intelligence (AI) will contribute approximately “$1.2 trillion” to Africa’s economy by the year 2030. This figure is part of a larger projection of “$15.7 trillion” as the potential global contribution of AI to the economy by the same year….
NCDMB Host Central Naval Command Delegation for Collaboration Talks. In a promising development for inter-agency cooperation, the Nigerian Content Development and Monitoring Board (NCDMB) hosted a delegation from the Central Naval Command today at the Nigerian Content Tower in Yenagoa, Bayelsa State. Led by the Flag Officer Commanding Central Naval Command, Rear Admiral OO Soyemi,…
NNPC faces $3bn backlog on petrol payments – Sources. Nigeria’s state-oil company NNPC owes around “$3 billion” to fuel traders for imported petrol, according to three sources who spoke to Reuters. The tumbling naira currency and rising global fuel prices have led to an effective subsidy being paid by NNPC. The payment backlog poses a…
