African Development Bank Greenlights $1 Billion Guarantee from the United Kingdom to Back South Africa's Just Energy Transition

African Development Bank Greenlights $1 Billion Guarantee from the United Kingdom to Back South Africa’s Just Energy Transition

ByDaniel Terungwa

African Development Bank Greenlights $1 Billion Guarantee from the United Kingdom to Back South Africa’s Just Energy Transition The Board of Directors of the African Development Bank Group has sanctioned a groundbreaking $1 billion guarantee program in partnership with the UK Foreign Commonwealth and Development Office (FCDO). This collaboration will empower the Bank to amplify…

Philippines and India to Conduct Maritime Partnership Exercise in West Philippine Sea

Philippines and India to Conduct Maritime Partnership Exercise in West Philippine Sea

ByDaniel Terungwa

Philippines and India to Conduct Maritime Partnership Exercise in West Philippine Sea India and the Philippines are conducting a maritime partnership exercise (MPX) in the West Philippine Sea to enhance maritime cooperation. The exercise involves India’s warship INS Kadmatt and the Philippine Navy’s BRP Ramon Alcaraz. The collaboration aims to boost interoperability and share best…

Activator HQ Unveils Africa’s Top 100 Business Opportunities to Monitor in 2024

Activator HQ Unveils Africa’s Top 100 Business Opportunities to Monitor in 2024

ByDaniel Terungwa

Activator HQ Unveils Africa’s Top 100 Business Opportunities to Monitor in 2024 The 2024 edition of the “Top 100 Business Opportunities in Africa to Watch,” an annual selection of lucrative business ideas and investment opportunities, has been released by Activator HQ. Despite challenges such as rising food and fuel costs, currency depreciation, climate change impacts,…

Dark Fleet Tanker Grounds Near Singapore, Prompting Response Efforts

Dark Fleet Tanker Grounds Near Singapore, Prompting Response Efforts

ByDaniel Terungwa

Dark Fleet Tanker Grounds Near Singapore, Prompting Response Efforts The “dark fleet” tankers, and vessels involved in carrying oil from countries such as Russia, Venezuela, and Iran, pose serious challenges for both Western sanctions enforcement and maritime safety. These tankers, characterized by their older age and light regulation, present a heightened risk of accidents and…

Nigeria’s NOC NNPC faces $3bn backlog on petrol payments - Sources

NNPC Ltd Secures LNG Deals for Domestic and International Markets at COP28 in Dubai

ByDaniel Terungwa

NNPC Ltd Secures LNG Deals for Domestic and International Markets at COP28 in Dubai In a bid to boost natural gas utilization and enhance Nigeria’s gas revenue, NNPC Ltd has signed two major agreements for the delivery of LNG to both the domestic and international markets. The agreements were signed on the sidelines of the…

$1.28bn Divestment: Seplat Confirms NNPC's Termination of Court Case

Seplat Energy COO Commends Divestment Initiatives in Nigeria’s Energy Sector

ByDaniel Terungwa

Seplat Energy COO Commends Divestment Initiatives in Nigeria’s Energy Sector The Chief Operating Officer of Seplat Energy Plc, Mr. Samson Ezugworie, has highlighted the success of divestment in Nigeria’s petroleum upstream sector in terms of value creation, realization, and retention for the economy. Speaking during a panel discussion at the 12th Practical Nigerian Content Forum,…

Bulker Faces Consequences for Bilge Discharge Off Australian Coast

Bulker Faces Consequences for Bilge Discharge Off Australian Coast

ByDaniel Terungwa

Bulker Faces Consequences for Bilge Discharge Off Australian Coast The owner and master of a Chinese bulker, TS Golf, is facing legal trouble in Western Australia due to an ill-timed discharge of bilgewater. The vessel’s chief mate pumped sulfur-contaminated bilge water from a cargo hold when the ship was transiting off Esperance, 15 nautical miles…

Kyari’s Retention as NNPC Limited GCEO a Reward for Hardwork

Kyari’s Retention as NNPC Limited GCEO a Reward for Hardwork

ByDaniel Terungwa

Kyari’s Retention as NNPC Limited GCEO a Reward for Hardwork The GCEO’s reaction to his reappointment was a positive sign that he got the president’s message about the job ahead. A statement issued by the company’s Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, said the GCEO requested stakeholders excited by his reappointment not to…

NNPC to Work with Partners to Reduce Methane Emissions-Eyesan, EVP Upstream

NNPC to Work with Partners to Reduce Methane Emissions-Eyesan, EVP Upstream

ByDaniel Terungwa

NNPC to Work with Partners to Reduce Methane Emissions-Eyesan, EVP Upstream NNPC Ltd. has expressed its commitment to work with global partners in the march towards reducing methane emissions in oil and gas operations. On the sidelines of the ongoing United Nations Climate Change Conference, also known as COP28, taking place in Dubai, the United…

Conference of the Parties (COP28): Italy announces €5 Million contribution to Sustainable Energy Fund for Africa

(COP28): Italy announces €5 Million contribution to Sustainable Energy Fund for Africa

ByDaniel Terungwa

COP28: Italy announces €5 Million contribution to Sustainable Energy Fund for Africa Italy’s contribution aligns with the broader goals of COP28, particularly the objective of tripling the deployment of renewable energy Italy has made a new commitment of €5 million to Africa’s sustainable energy future through the Sustainable Energy Fund for Africa (SEFA) Special Fund….