Oil Major Exodus Poses Threat to Nigeria’s Oil Industry Expansion Big Oil’s Exodus from Nigeria’s Onshore: Local Firms Step In for Onshore Resurgence Nigeria faces a significant shift in its oil and gas landscape as international oil companies continue to divest from the onshore Niger Delta due to security concerns and illegal activities. The exit…
Seaport Operators Advocate for Maritime Sector, Asserting Potential to Surpass Oil in Revenue Generation Princess Vicky Haastrup, the Chairman of the Seaport Terminal Operators Association of Nigeria (STOAN), has asserted that Nigeria’s maritime sector has the potential to surpass the oil and gas industry in terms of revenue generation if it receives prioritized attention. During…
Report Alleges Deliberate Move by NNPC to Transfer Revenue Accounts to CBN, Cites Reasons Following reports that the federal government directed the Nigerian National Petroleum Company Limited (NNPCL) to move its accounts to the Central Bank of Nigeria (CBN), new information suggests a different perspective to the story. Initially reported that the NNPCL would no…
Bauchi State Honored with Award of Excellence as Best Emerging Player in the Oil and Gas Sector In collaboration with the Federal Ministry of Petroleum Resources, Rana Continental Synergy Limited has bestowed the “2024 Best Emerging State in the Oil and Gas Sector” award upon Bauchi State. Governor Senator Bala Mohammed Abdulkadir received the recognition…
Minister Commends Nigerian Firm for Constructing Ultramodern LPG Carrier, Advocates for Local Content Law Nigerian firm Temile Development Company has successfully constructed an impressive Liquefied Petroleum Gas (LPG) carrier, the Alfred Temile 10, with a capacity of 23,000 cubic meters. The vessel was commissioned at a South Korean shipyard, showcasing the nation’s capabilities in the…
West Africa Welcomes LNG Revolution: CMA CGM SCANDOLA Docks at Lekki Deep Sea Port On January 29th, history was made as the CMA CGM SCANDOLA, the first LNG-powered container vessel to sail to West Africa, docked at the Lekki Deep Sea Port in Lagos. This landmark event, witnessed by Governor Babajide Sanwo-Olu and key stakeholders,…
Nigeria and Morocco are intensifying efforts to advance their ambitious gas pipeline project. Aim to revolutionize energy access across Africa. In a recent meeting on January 24th, Hon. Ekperikpe Ekpo, Nigeria’s Minister of State for Petroleum Resources (Gas), and Ms. Leila Benali, Morocco’s Minister of Energy Transition and Sustainable Development, expressed their commitment to accelerating…
Hinen, a leader in backup energy, set to shine at Solar Power Africa 2024, at the Cape Town International Convention Center. The spotlight will be on Hinen’s Mini Series Backup System at Solar Power Africa 2024 happening from February 7th to 9th, 2024. The Backup System is a stylish and practical solution for homes and…
Federal Government Differs as NLC Claims Reforms are Harming Nigerians-Tinubunomics Sparks Controversy The Nigeria Labour Congress (NLC) criticized President Bola Tinubu over the worsening economic hardship in the country. NLC President Joe Ajaero faulted Tinubu’s economic reforms, warning against heeding the advice of the World Bank and the International Monetary Fund. However, the Minister of…
Nigerian Stock Market Seizes the Bull by the Horns in 2024 The NGX (Nigeria Exchange Group), the major stock market in Nigeria, has experienced significant gains, pushing its main index beyond the 100,000 index points threshold for the first time. Cement giants and banks have contributed to the market’s positive performance. As of January 25,…
