NEITI Report: N10.143 Trillion Shared Among Three Tiers of Government in 2023. According to the latest report from the Nigeria Extractive Industries Transparency Initiative (NEITI), the three tiers of government in Nigeria – federal, state, and local – shared a total of N10.143 trillion from the Federation Account as statutory revenue allocations in the year…
NDDC Set to Transfer Ondo Power Project Operations to TCN Ahead of Launch. The Governing Board of the Niger Delta Development Commission (NDDC) proudly announces the completion of the 132/33kv electricity sub-station at Ode-Erinje in Okitipupa Local Government Area of Ondo State. This signals the imminent inauguration of this vital infrastructure. Additionally, this achievement paves…
NCDMB Continues Advocacy for STEM Education with Annual Science Quiz Competition. The Nigerian Content Development and Monitoring Board (NCDMB) recently concluded its 2023 Science Quiz Competition for secondary schools in Bayelsa State with an awards ceremony held at the Nigerian Content Tower in Yenagoa. The competition, held in collaboration with the Nigerian Television Authority (NTA),…
Third Hamburg Maritime Forum to Address Future Maritime Concerns. The Hamburg Maritime Forum 2024, now in its third edition, is set to convene on April 16th and 17th, bringing together 500 maritime professionals at the forefront of industry innovation. Held at the historic Altonaer Fischauktionshalle, this forum promises a transformative dialogue, tackling pressing concerns such…
Nigeria-Morocco $25b gas pipeline set for December says Kyari. The Group Chief Executive Officer of the Nigeria National Petroleum Company limited, Mr. Mele Kyari says the final Investment Decision (FID) for the $25b Nigeria-Morocco Gas Pipeline (NMGP) Project will be made by December 2024 In a statement by NNPC, Mr Kyari said the ongoing engagement…
NNPC Ltd to Utilize Gas to Propel Nigeria’s Industrialization and Economic Development, Affirms EVP Upstream, Eyesan. The Nigerian National Petroleum Company (NNPC) Ltd has reiterated its commitment towards utilizing Nigeria’s abundant gas resources to trigger Nigeria’s industrialisation and economic development. NNPC Ltd’s Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan disclosed this during a Panel Session…
Russia plans to defend oil and gas facilities with missile systems. A Russian energy ministry official has hinted a parliament meeting that there were plans to defend oil and gas facilities with missile systems. “We are jointly working, including with colleagues from the Russian National Guard, to cover objects, on installing, accordingly, protection systems such…
Oil Reaches Multi-Month Highs Amid Concerns Over Russian Supply. Oil prices climbed to multi-month peaks for the second consecutive day on Tuesday as traders evaluated the impact of Ukraine’s recent strikes on Russian refineries on global petroleum supplies. U.S. West Texas Intermediate crude futures rose by 75 cents, or 0.9%, to settle at $83.47 per…
Oil prices inch higher amid attacks on Russian energy facilities. Oil prices climbed about 2% to a four-month high on Monday on lower crude exports from Iraq and Saudi Arabia and signs of stronger demand and economic growth in China and the U.S. Brent futures rose $1.55, or 1.8%, to settle at $86.89 a barrel,…
Axxela Achieves Gold Status in Sustainability Ranking, Demonstrating Firm’s Environmental Dedication Axxela, a prominent player in the sub-Saharan African gas and power industry, has attained a remarkable accomplishment in its sustainability endeavors by earning a Gold Medal in the highly esteemed EcoVadis Sustainability Rating for 2024. This recognition reaffirms Axxela’s steadfast dedication to promoting environmental…
