Economic Diversification: Tinubu and Alake’s Push for Solid Minerals Development The ongoing developments in the solid mineral sector have been exceptionally promising, making significant strides in President Bola Ahmed Tinubu’s administration’s economic diversification agenda. This progress can largely be attributed to the effective leadership within the Ministry of Solid Minerals. One of the most notable…
UN adopts global decarboniation strategy in road, rail, waterway transport UN member States advanced significantly towards sustainable, low-carbon mobility with the recent adoption of the Inland Transport Committee’s (ITC) Strategy on Reducing Greenhouse Gas Emissions from Inland Transport. Mark Harbers, Minister of Infrastructure and Water Management of The Netherlands, emphasized the significance of this initiative,…
Nigerian government plans to enhance Infrastructure for Nationwide Seismic Monitoring The Nigerian government affirms its commitment to allocating resources for the expansion of seismic monitoring equipment nationwide, enhancing the nation’s readiness to mitigate the impact of natural disasters. Speaking at the commissioning of the Nigeria Geological Survey Agency (NGSA) National Seismic Monitoring Station-5 in Katampe,…
APC Chieftain Cautions Tinubu Against Electricity Subsidy Removal Ambassador (Dr) Ibrahim Tajudeen Olesin, a prominent figure within the All Progressives Congress (APC), has issued a cautionary message to President Bola Ahmed Tinubu regarding the removal of electricity subsidies. He warns that such a move, prompted by the International Monetary Fund (IMF) among others, could significantly…
NUPENG Joins Forces with EFCC to Tackle Oil Bunkering The National Union of Petroleum and Natural Gas Workers (NUPENG) has forged a partnership with the Economic and Financial Crimes Commission (EFCC) to combat the widespread issue of illegal oil bunkering in Nigeria. This collaboration represents a significant milestone in addressing a major economic drain and…
40% of Power Lost to Theft says Sahara Power Chief Warns, Urges Judicial Support Sahara Power Group, a prominent electricity provider in Nigeria, has raised concerns about the rampant issue of energy theft, revealing that it loses a staggering 40% of its generated power daily due to meter bypasses and illicit connections. Managing Director of…
Aradel CEO Adegbite Falade Honored with 2023 WIEN Gender Advocate Award Aradel Holdings Plc is celebrating the esteemed recognition of its Managing Director and CEO, Adegbite Falade, who has been honored with the prestigious 2023 WIEN Gender Advocate of the Year Award. Presented by the Women in Energy Network (WIEN), the award acknowledges Falade’s steadfast…
Qatar Set to Unveil Significant Announcement in Oil and Gas Industry on Sunday Excitement mounts within the oil and gas industry as QatarEnergy, the state-owned behemoth and one of the world’s largest LNG exporters, prepares for a “highly significant announcement” scheduled for Sunday. Anticipation among industry insiders suggests a considerable impact on the sector, with…
ARDA to Seek Investments at Invest in African Energy Forum The African Refiners & Distributors Association (ARDA) is set to participate in the upcoming Invest in African Energy (IAE) forum, aiming to showcase investment opportunities within Africa’s downstream oil sector. Scheduled for May 14-15 in Paris, the event provides a vital platform for ARDA to…
Oil Prices Close Lower, Marking Weekly Decline Amid Dimming Hopes for US Rate Cut Oil prices experienced a significant decline of nearly 3% on Friday, resulting in a weekly decrease, following remarks from a U.S. central bank policymaker suggesting a delay in interest rate cuts by at least two months. Brent crude futures concluded the…
