Seatrade Maritime Logistics Middle East Announces 2025 Dates The upcoming 3-day exhibition and conference will once again be hosted at the Dubai World Trade Center, bringing together maritime leaders, experts, and policymakers from around the world for a crucial industry event. The previous edition, held in May 2023 under the patronage of the UAE Ministry…
James Bay Resources Celebrates Favorable Court Decision in Claims Against Mak Mera and Wale Sola James Bay Resources Limited (CSE: JBR) has announced the outcome of the Ontario Superior Court of Justice’s decision in the case against Mak Mera Nigeria Limited (“Mak Mera”) and Wale Sola. Justice Papageorgiou ruled in favor of James Bay on…
Dangote Industries’ Remarkable Growth and Impact on Nigeria’s Economic Landscape Nigeria’s business magnate, Aliko Dangote, recently inaugurated a cutting-edge integrated cement plant in Maisaiti district, Ndola, with a capacity of 1.5 million metric tonnes per annum. The project includes a 30-megawatt coal-fired plant, marking Dangote Industries Limited’s sixth integrated cement plant outside Nigeria, demonstrating the…
Court Allows Former CBN Governor Emefiele to Travel Outside FCT, With Stipulation to Remain in Nigeria On Thursday, Justice Hamza Muazu of the Federal Capital Territory High Court granted the request of Godwin Emefiele, the immediate past Governor of the Central Bank of Nigeria, to travel outside the Federal Capital Territory. However, the court specified…
AfCFTA Must Succeed, Advocates Against Externalization of African Trade- Shettima at Davos Vice President Kashim Shettima emphasized the importance of the African Continental Free Trade Area (AfCFTA) agreement, stating that the need to boost intra-Africa trade, currently at 15%, and its potential to raise the continent’s GDP are compelling reasons to ensure the success of…
Concerns Arise Over International Oil Companies’ Exit from Nigeria’s Onshore Oil Business Former SPE President Warns of Long-Term Impact on Economy and Workforce The recent exit of International Oil Companies (IOCs), notably Shell, from Nigeria’s onshore oil business has raised concerns about the long-term implications for the nation’s economy and workforce, according to Joe Nwakwue,…
Tompolo Security Outfit Apprehends 23 Suspects for Oil Theft in Delta State On January 15, twenty-three suspects were paraded in connection to the MT. KALI, a vessel with a 350,000-litre capacity, was arrested by Tantita Security Services Limited and other security agencies off the coast of Gbaramatu Kingdom, Warri, Delta State. The vessel was found…
NNPC, CDS Inspect Illegal Vessel Intercepted in Warri On Monday, the Nigerian National Petroleum Company Limited (NNPC Ltd) conducted an inspection of an illegal crude oil vessel loaded with thousands of metric tonnes of crude oil. The vessel was intercepted by Tanita Security Services, a private security firm, in collaboration with the Nigeria Security &…
China Plans to Increase January Exports of Diesel and Jet Fuel, Adding to Global Supply In January, China’s exports of oil products are expected to rebound as refineries, armed with new quotas, increase shipments of diesel and jet fuel in anticipation of peak Lunar New Year travel, according to estimates from traders and analysts. China,…
Eighth SAIPEC 2024 Reveals Program Highlights The eighth edition of the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) is scheduled to take place at the Eko Convention Center in Lagos from February 13 to 15, 2024. Hosted by PETAN in strategic partnership with the Nigerian Content Development & Monitoring Board (NCDMB), Nigerian Upstream Petroleum…
